Funding you earn now, next payment 05:00 UTC−0.1178%/8h= −129.0% APRnext payment −$1.47 per $10,000 · paid last 24h −0.233%
Price spread now: Injective against Kraken Futures−4.137%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Injective is 4.137% cheaper against Kraken Futures than usual: you would sell low and buy high (−$414 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SPXUSD | 0.5194 | 0.1211 | pay 0.0151% / 1h | 20m 01s | $254K | $549K | 20x |
| Short | Injective SPX/USDC PERP | 0.4979 | 0.0033 | get 0.0004% / 1h | 20m 01s | $9 | $4K | 5.5x |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$247.39
- Price spread: −4.137% → 0.000%
- −$413.66
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$671.07
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 33 min ago; Injective: no order-book sample. Net counts fees only.
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, 33 min ago | 42.88 bp | 50.3 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | +0.0033% | 1h | 0.4979 | −4.137% | $9 | $4K | 5.5x | |
| Lighter SPX | +0.0096% | 1h | 0.5181 | −0.255% | $151K | $370K | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5174 | −0.382% | $5.2M | $22.2M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5169 | −0.478% | $11.8M | $17.0M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5168 | −0.498% | $936K | $3.1M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5175 | −0.363% | $1.0M | $589K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5175 | −0.363% | $11.9M | $5.1M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5174 | −0.382% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5175 | −0.363% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5171 | −0.440% | — | $6.9M | — | as long as short |
Lighter SPX
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SPX | +0.0100% | 4h | 0.5138 | −1.073% | $955K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5130 | −1.229% | $26K | $255K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5169 | −0.478% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5169 | −0.486% | $34K | $252K | 10x | as long as short |
| Aster SPXUSDT | +0.0172% | 4h | 0.5160 | −0.651% | $138K | $129K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0215% | 4h | 0.5178 | −0.305% | $21K | $599 | 10x | as long as short |
| Hyperliquid SPX | +0.0233% | 1h | 0.5178 | −0.313% | $10.6M | $7.8M | 5x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5139 | −1.056% | $255K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDlong | +0.1211% | 1h | 0.5194 | long leg | $254K | $549K | 20x |
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Aster SPXUSDT
Orderly PERP_SPX_USDC
Hyperliquid SPX
BloFin SPX-USDT