Funding you earn now, next payment 08:00 UTC+0.1169%/8h= +128.1% APRpaid last 24h +0.222%
Price spread now: Kraken Futures against BingX+0.082%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1561.557% of the position
Funding, last 7 days+0.648%+$65 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.082%, 7d avg +0.123%
=Funding pays, the price is against you. Kraken Futures is 0.041% cheaper against BingX than usual: you would sell low and buy high (spread +0.082% now, against its 7-day average of +0.123%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.648% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.648% in total (about 33.8% 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 | BingX SPX-USDT | 0.5104 | 0.0100 | pay 0.0050% / 4h | 15m 15s | — | $7.0M | — |
| Short | Kraken Futures PF_SPXUSD | 0.5108 | 0.1269 | get 0.0159% / 1h | 15m 15s | $255K | $552K | 20x |
BingX SPX-USDT
Kraken Futures PF_SPXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $245.59
- Price spread: +0.082% → +0.123%
- −$4.14
- Slippage, 4 orders
- −$135.71
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $85.74
- Costs to cover
- 1.557%
- Break-even
- 4.6 days
Slippage from BingX: live order book, 2 min ago; Kraken Futures: live order book, 23 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 BingX live order book, 2 min ago | 7.85 bp | 23.1 bp −$23 | 55.0 bp −$550 | 511.9 bp −$51.2K | doesn't fit |
| Sell Kraken Futures live order book, 23 min ago | 33.22 bp | 48.0 bp −$48 | 151.3 bp −$1,513 | 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 | −2.449% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5103 | −0.027% | $140K | $407K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5099 | −0.102% | $10.3M | $8.3M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5102 | −0.037% | $136K | $93K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5101 | −0.063% | $5.1M | $23.8M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5093 | −0.216% | $11.8M | $17.8M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5101 | −0.059% | $972K | $3.4M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5098 | −0.118% | $1.0M | $659K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5098 | −0.118% | $11.7M | $5.1M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5098 | −0.118% | $3.7M | $5.5M | 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 | 0.5101 | −0.059% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDTlong | +0.0100% | 4h | 0.5104 | long leg | — | $7.0M | — | |
| Variational Omni SPX | +0.0100% | 4h | 0.5092 | −0.241% | $949K | $1.6M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5101 | −0.059% | $26K | $248K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5093 | −0.216% | $8K | $1.8M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5098 | −0.121% | $33K | $302K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0141% | 4h | 0.5107 | +0.059% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5103 | −0.020% | $253K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDshort | +0.1269% | 1h | 0.5108 | +0.082% | $255K | $552K | 20x |
Bitget SPXUSDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
BloFin SPX-USDT