Funding you earn now, next payment 01:00 UTC−0.0856%/8h= −93.7% APRnext payment −$1.07 per $10,000 · paid last 24h −0.131%
Price spread now: Extended against Kraken Futures−0.121%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1911.908% of the position
Funding, last 7 days−0.599%−$60 on $10k
+Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.121%, 7d avg −0.165%
=Together, before fees−0.532%+ Points / potential airdropExtended: Active · farm board−$53 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.043% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.121% now, against its 7-day average of −0.165%): +$4 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.599% in total) that is about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.599% in total (about -31.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.07 per $10,000. 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 | 0.5104 | 0.0960 | pay 0.0120% / 1h | 12m 24s | $248K | $553K | 20x |
| Short | Extended SPX-USD | 0.5097 | 0.0104 | get 0.0013% / 1h | 12m 24s | $36K | $262K | 10x |
Kraken Futures PF_SPXUSD
Extended SPX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$179.71
- Price spread: −0.121% → −0.165%
- $4.35
- Slippage, 4 orders
- −$175.82
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$366.19
- Costs to cover
- 1.908%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 61 min ago; Extended: live order book, 60 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, 61 min ago | 30.70 bp | 81.6 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 60 min ago | 4.06 bp | 32.5 bp −$32 | 215.3 bp −$2,153 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SPX | +0.0018% | 4h | 0.5068 | −0.702% | $847K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −2.440% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5100 | −0.064% | $117K | $323K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5101 | −0.058% | $10.0M | $7.8M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5096 | −0.149% | $129K | $110K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5097 | −0.128% | $5.1M | $21.2M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5093 | −0.207% | $11.6M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5095 | −0.167% | $963K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5098 | −0.109% | $1.1M | $519K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5094 | −0.187% | $11.2M | $4.8M | 100x | as long as short |
Variational Omni SPX
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5099 | −0.089% | $3.8M | $5.4M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5096 | −0.148% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5097 | −0.128% | — | $6.8M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5089 | −0.285% | $46K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5108 | +0.087% | $20K | $599 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5091 | −0.246% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USDshort | +0.0104% | 1h | 0.5097 | −0.121% | $36K | $262K | 10x | |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5099 | −0.089% | $253K | $1.1M | 75x | as long as short |
| Kraken Futures PF_SPXUSDlong | +0.0960% | 1h | 0.5104 | long leg | $248K | $553K | 20x |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
BloFin SPX-USDT