SPX

Alert

Funding spread now, next payment 18:00 UTC−0.1537%/8h

next payment, per $10,000−$1.92paid, last 24h−0.022%paid, last 5 days−0.728%to open and close $10k−$183

Long on Kraken Futures Short on Extended

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.728% in total (about -52.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.92 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	0.4995	0.1641	pay 0.0205% / 1h	12m 27s	$243K	$348K	20x
Short	Extended SPX-USD	0.4977	0.0104	get 0.0013% / 1h	12m 27s	$34K	$218K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ExtendedbpOrdersRate

Funding earned: −$322.67
Slippage, 4 orders: −$168.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$505.69
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 27 min ago; Extended: live order book, 42 min ago.

Price risk

price view

Price gap now: −0.344%
Avg gap 7d: −0.179%

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, 27 min ago	14.95 bp	78.6 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 42 min ago	3.35 bp	37.2 bp −$37	237.4 bp −$2,374	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	+0.0060%	4h	$988K	$394K	50x	as long as short
Lighter SPX	+0.0096%	1h	$142K	$263K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	$9.2M	$5.5M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	$130K	$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	$11.4M	$14.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	$981K	$2.3M	20x	as long as short
MEXC SPX_USDT	+0.0100%	4h	$9.6M	$4.3M	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 SPXUSDT	+0.0100%	1h	$48K	$243K	25x	as long as short
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-USDshort	+0.0104%	1h	$34K	$218K	10x
BloFin SPX-USDT	+0.0340%	4h	$254K	$911K	75x	as long as short
Kraken Futures PF_SPXUSDlong	+0.1641%	1h	$243K	$348K	20x