SPX

Alert

Funding spread now, next payment 18:00 UTC−0.1550%/8h

next payment, per $10,000−$1.94paid, last 24h−0.024%paid, last 7 days−0.666%to open and close $10k−$150

Long on Kraken Futures Short on ApeX Omni

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.666% in total (about -34.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.94 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	0.4965	0.1650	pay 0.0206% / 1h	10m 42s	$241K	$349K	20x
Short	ApeX Omni SPXUSDT	0.4987	0.0100	get 0.0013% / 1h	10m 42s	$48K	$243K	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ApeX OmnibpOrdersRate

Funding earned: −$325.58
Slippage, 4 orders: −$129.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$475.45
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 29 min ago; ApeX Omni: live order book, 27 min ago.

Price risk

price view

Price gap now: +0.444%
Avg gap 7d: −0.076%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 29 min ago	14.95 bp	78.6 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 27 min ago	9.96 bp	17.9 bp −$18	113.8 bp −$1,138	doesn't fit	doesn't fit

SPX on 19 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni SPX	−0.0218%	4h	$829K	$1.2M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	$9	$4K	5.5x	as long as short
Gate SPX_USDT	+0.0068%	4h	$982K	$394K	50x	as long as short
Lighter SPX	+0.0096%	1h	$141K	$264K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	$9.1M	$5.6M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	$129K	$80K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	$4.8M	$16.6M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	$11.3M	$14.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	$974K	$2.3M	20x	as long as short
MEXC SPX_USDT	+0.0100%	4h	$9.7M	$4.4M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	$3.7M	$5.1M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	$2.5M	$1.2M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	—	$6.8M	—	as long as short
ApeX Omni SPXUSDTshort	+0.0100%	1h	$48K	$243K	25x
Orderly PERP_SPX_USDC	+0.0100%	4h	$19K	$200	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	$8K	$1.4M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	$34K	$218K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	$253K	$922K	75x	as long as short
Kraken Futures PF_SPXUSDlong	+0.1650%	1h	$241K	$349K	20x