Funding you earn now, next payment 02:00 UTC−0.1080%/8h= −118.2% APRpaid last 24h −0.152%
Price spread now: Bitget against Kraken Futures−0.236%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1731.731% of the position
Funding, last 7 days−0.614%−$61 on $10k
+Price spread, last 3 days (all we have)+0.226%+$23 · spread now −0.236%, 7d avg −0.082%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Bitget is 0.154% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.082%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.614% in total (about -32.0% 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 | Kraken Futures PF_SPXUSD | 0.5061 | 0.1180 | pay 0.0147% / 1h | 45m 06s | $247K | $553K | 20x |
| Short | Bitget SPXUSDT | 0.5049 | 0.0100 | get 0.0050% / 4h | 2h 45m | $2.6M | $1.4M | 50x |
Kraken Futures PF_SPXUSD
Bitget SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$226.72
- Price spread: −0.236% → −0.082%
- −$15.4
- Slippage, 4 orders
- −$151.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$415.23
- Costs to cover
- 1.731%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 23 min ago; Bitget: live order book, 2 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, 23 min ago | 42.81 bp | 49.3 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 12.91 bp | 25.3 bp −$25 | 102.6 bp −$1,026 | 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 | −1.619% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0081% | 4h | 0.5028 | −0.656% | $841K | $1.3M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5053 | −0.159% | $136K | $358K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5057 | −0.076% | $10.0M | $7.7M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5057 | −0.075% | $129K | $111K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5049 | −0.228% | $5.1M | $21.4M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5047 | −0.275% | $11.4M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5050 | −0.216% | $951K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5045 | −0.315% | $1.0M | $543K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5052 | −0.176% | $11.2M | $4.8M | 100x | as long as short |
Injective SPX/USDC PERP
Variational Omni SPX
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 | 0.5049 | −0.236% | $3.7M | $5.4M | 50x | as long as short |
| Bitget SPXUSDTshort | +0.0100% | 4h | 0.5049 | −0.236% | $2.6M | $1.4M | 50x | |
| BingX SPX-USDT | +0.0100% | 4h | 0.5052 | −0.176% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5038 | −0.453% | $45K | $246K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5042 | −0.374% | $8K | $1.7M | 20x | as long as short |
| Orderly PERP_SPX_USDC | +0.0102% | 4h | 0.5058 | −0.058% | $20K | $599 | 10x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5046 | −0.301% | $37K | $261K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5071 | +0.199% | $257K | $1.1M | 75x | as long as short |
| Kraken Futures PF_SPXUSDlong | +0.1180% | 1h | 0.5061 | long leg | $247K | $553K | 20x |
KuCoin SPXUSDTM
BingX SPX-USDT
ApeX Omni SPXUSDT
SunX SPX-USDT
Orderly PERP_SPX_USDC
Extended SPX-USD
BloFin SPX-USDT