Funding you earn now, next payment 21:00 UTC+0.1678%/8h= +183.8% APRpaid last 24h −0.060%
Price spread now: BloFin against Kraken Futures−0.135%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1221.220% of the position
Funding, last 7 days−0.346%−$35 on $10k
+Price spread, last 3 days (all we have)+0.200%+$20 · spread now −0.135%, 7d avg −0.060%
=Funding pays, the price is against you. BloFin is 0.075% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of −0.060%). If the spread goes back, that is −$8 on $10k: about 4 hours of funding at the current rate (+$50 a day). Mind the row above: over the last 7 days funding on this pair cost −0.346%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.346% in total (about -18.0% 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 | 0.5143 | −0.1338 | get 0.0167% / 1h | 30m 31s | $239K | $559K | 20x |
| Short | BloFin SPX-USDT | 0.5136 | 0.0340 | get 0.0170% / 4h | 3h 30m | $266K | $972K | 75x |
Kraken Futures PF_SPXUSD
BloFin SPX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $352.43
- Price spread: −0.135% → −0.060%
- −$7.5
- Slippage, 4 orders
- −$100.03
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $222.9
- Costs to cover
- 1.220%
- Break-even
- 2.6 days
Slippage from Kraken Futures: live order book, 18 min ago; BloFin: live order book, 17 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, 18 min ago | 8.74 bp | 35.5 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 1.95 bp | 12.6 bp −$13 | 29.3 bp −$293 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSDlong | −0.1338% | 1h | 0.5143 | long leg | $239K | $559K | 20x | |
| Variational Omni SPX | −0.0102% | 4h | 0.5127 | −0.311% | $901K | $1.2M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −3.188% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5156 | +0.252% | $119K | $320K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5150 | +0.133% | $10.2M | $6.9M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5138 | −0.105% | $125K | $94K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5149 | +0.118% | $5.2M | $19.3M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5145 | +0.040% | $12.0M | $15.3M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5143 | +0.001% | $1.0M | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5135 | −0.154% | $1.1M | $474K | 50x | as long as short |
Variational Omni SPX
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5141 | −0.038% | $12.3M | $4.3M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5140 | −0.057% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5145 | +0.040% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5148 | +0.098% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5134 | −0.174% | $46K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5139 | −0.077% | $20K | $200 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5125 | −0.349% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5149 | +0.110% | $35K | $231K | 10x | as long as short |
| BloFin SPX-USDTshort | +0.0340% | 4h | 0.5136 | −0.135% | $266K | $972K | 75x |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD