Funding you earn now, next payment 06:00 UTC+0.1220%/8h= +133.6% APRpaid last 24h +0.208%
Price spread now: Kraken Futures against Orderly+0.362%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Kraken Futures is 0.362% dearer against Orderly than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPX_USDC | 0.5162 | 0.0199 | pay 0.0099% / 4h | 2h 56m | $20K | $599 | 10x |
| Short | Kraken Futures PF_SPXUSD | 0.5181 | 0.1419 | get 0.0177% / 1h | 56m 33s | $253K | $546K | 20x |
Orderly PERP_SPX_USDC
Kraken Futures PF_SPXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- $256.28
- Price spread: +0.362% → 0.000%
- $36.21
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $276.5
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 56 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 56 min ago | 42.88 bp | 62.3 bp −$62 | 159.9 bp −$1,599 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −3.545% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5149 | −0.258% | $140K | $380K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5128 | −0.653% | $10.4M | $7.9M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5156 | −0.123% | $137K | $130K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5148 | −0.278% | $5.1M | $22.4M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5134 | −0.542% | $11.7M | $17.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5123 | −0.756% | $937K | $3.1M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5148 | −0.271% | $1.0M | $595K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5144 | −0.349% | $11.9M | $5.1M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5150 | −0.232% | $3.7M | $5.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5127 | −0.678% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5136 | −0.504% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5135 | −0.531% | $947K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5122 | −0.775% | $26K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5153 | −0.174% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5128 | −0.656% | $34K | $252K | 10x | as long as short |
| Orderly PERP_SPX_USDClong | +0.0199% | 4h | 0.5162 | long leg | $20K | $599 | 10x | |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5150 | −0.232% | $256K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDshort | +0.1419% | 1h | 0.5181 | +0.362% | $253K | $546K | 20x |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT