Funding you earn now, next payment 03:00 UTC−0.1088%/8h= −119.1% APRpaid last 24h −0.104%
Price spread now: BloFin against Kraken Futures−0.042%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1561.562% of the position
Funding, last 7 days−0.266%−$27 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.042%, 7d avg −0.050%
=The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$33 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.266% in total (about -13.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SPXUSD | 0.5053 | 0.1428 | pay 0.0178% / 1h | 36m 22s | $250K | $544K | 20x |
| Short | BloFin SPX-USDT | 0.5051 | 0.0340 | get 0.0170% / 4h | 1h 36m | $255K | $1.1M | 75x |
Kraken Futures PF_SPXUSD
BloFin SPX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$228.38
- Price spread: −0.042% → −0.050%
- $0.84
- Slippage, 4 orders
- −$134.17
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$383.72
- Costs to cover
- 1.562%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 27 min ago; BloFin: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 27 min ago | 23.36 bp | 78.0 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 3.92 bp | 21.3 bp −$21 | 53.2 bp −$532 | doesn't fit | doesn't fit |
SPX on 19 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.467% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5056 | +0.055% | $136K | $359K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5054 | +0.016% | $10.1M | $7.4M | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5055 | +0.037% | $5.1M | $21.1M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5054 | +0.018% | $11.5M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5057 | +0.077% | $946K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5048 | −0.101% | $1.0M | $556K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5054 | +0.018% | $11.9M | $4.7M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5049 | −0.081% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5049 | −0.081% | $2.6M | $1.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5055 | +0.037% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5061 | +0.147% | $888K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5046 | −0.141% | $45K | $243K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5042 | −0.220% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5051 | −0.039% | $34K | $251K | 10x | as long as short |
| Aster SPXUSDT | +0.0126% | 4h | 0.5048 | −0.096% | $128K | $111K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0139% | 4h | 0.5062 | +0.176% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDTshort | +0.0340% | 4h | 0.5051 | −0.042% | $255K | $1.1M | 75x | |
| Kraken Futures PF_SPXUSDlong | +0.1428% | 1h | 0.5053 | long leg | $250K | $544K | 20x |
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Aster SPXUSDT
Orderly PERP_SPX_USDC