Funding you earn now, next payment 08:00 UTC−0.1165%/8h= −127.5% APRpaid last 24h −0.222%
Price spread now: MEXC against Kraken Futures−0.244%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1331.333% of the position
Funding, last 7 days−0.648%−$65 on $10k
+Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.244%, 7d avg −0.059%
=Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and MEXC is 0.185% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.059%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.648% in total (about -33.8% 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 | 0.5128 | 0.1265 | pay 0.0158% / 1h | 10m 42s | $256K | $552K | 20x |
| Short | MEXC SPX_USDT | 0.5115 | 0.0100 | get 0.0050% / 4h | 10m 42s | $11.7M | $5.1M | 100x |
Kraken Futures PF_SPXUSD
MEXC SPX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$244.59
- Price spread: −0.244% → −0.059%
- −$18.51
- Slippage, 4 orders
- −$119.34
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$396.44
- Costs to cover
- 1.333%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 27 min ago; MEXC: live order book, 3 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, 27 min ago | 33.22 bp | 64.7 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.93 bp | 10.6 bp −$11 | 28.1 bp −$281 | 123.1 bp −$12.3K | 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 | −2.897% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5119 | −0.164% | $141K | $407K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5118 | −0.184% | $10.3M | $8.3M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5115 | −0.253% | $137K | $93K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5115 | −0.240% | $5.1M | $23.8M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5110 | −0.342% | $11.8M | $17.8M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5119 | −0.166% | $975K | $3.4M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5114 | −0.264% | $1.0M | $660K | 50x | as long as short |
| MEXC SPX_USDTshort | +0.0100% | 4h | 0.5115 | −0.244% | $11.7M | $5.1M | 100x | |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5113 | −0.283% | $3.7M | $5.5M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5119 | −0.166% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5114 | −0.264% | — | $7.0M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5109 | −0.364% | $951K | $1.6M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5114 | −0.264% | $26K | $249K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5107 | −0.400% | $8K | $1.8M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5115 | −0.249% | $33K | $299K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0138% | 4h | 0.5125 | −0.049% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5117 | −0.205% | $253K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDlong | +0.1265% | 1h | 0.5128 | long leg | $256K | $552K | 20x |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
BloFin SPX-USDT