Funding you earn now, next payment 06:00 UTC+0.1324%/8h= +145.0% APRpaid last 24h +0.213%
Price spread now: Kraken Futures against SunX+0.458%7-day average +0.235% · you sell dearer than you buy
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$312as in the Price arb table
costs, in and out, $10k−$3353.347% of the position
Funding, last 7 days+0.638%+$64 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.458%, 7d avg +0.235%
=Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Kraken Futures is 0.222% dearer against SunX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.235%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.638% in total (about 33.3% 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 | SunX SPX-USDT | 0.5138 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $8K | $1.7M | 20x |
| Short | Kraken Futures PF_SPXUSD | 0.5162 | 0.1424 | get 0.0178% / 1h | 19m 46s | $252K | $538K | 20x |
SunX SPX-USDT
Kraken Futures PF_SPXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SunX. 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
- $278.08
- Price spread: +0.458% → +0.235%
- $22.23
- Slippage, 4 orders
- −$316.7
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$34.38
- Costs to cover
- 3.347%
- Break-even
- 7.9 days
Slippage from SunX: live order book, 6 min ago; Kraken Futures: live order book, 28 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 SunX live order book, 6 min ago | 30.66 bp | 104.2 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 28 min ago | 44.99 bp | 67.5 bp −$67 | 171.9 bp −$1,719 | 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 | −3.095% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5160 | +0.428% | $141K | $380K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5153 | +0.288% | $10.5M | $7.9M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5148 | +0.189% | $137K | $130K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5157 | +0.370% | $5.1M | $22.5M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5147 | +0.175% | $11.7M | $17.2M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5151 | +0.253% | $946K | $3.2M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5147 | +0.175% | $1.0M | $607K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5161 | +0.448% | $12.0M | $5.2M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5154 | +0.311% | $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 | 0.5148 | +0.195% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5151 | +0.253% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5076 | −1.205% | $935K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5052 | −1.674% | $26K | $255K | 25x | as long as short |
| SunX SPX-USDTlong | +0.0100% | 4h | 0.5138 | long leg | $8K | $1.7M | 20x | |
| Extended SPX-USD | +0.0104% | 1h | 0.5147 | +0.166% | $34K | $253K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0180% | 4h | 0.5144 | +0.117% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5084 | −1.051% | $248K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDshort | +0.1424% | 1h | 0.5162 | +0.458% | $252K | $538K | 20x |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
Extended SPX-USD
Orderly PERP_SPX_USDC
BloFin SPX-USDT