Funding you earn now, next payment 00:00 UTC+0.1271%/8h= +139.2% APRpaid last 24h −0.142%
Price spread now: SunX against Kraken Futures−0.316%7-day average −0.238% · you buy dearer than you sell
Net, funding: paid 7d − costs−$420as in the Funding arb table
Net, price: spread back to 7d avg − costs−$365as in the Price arb table
costs, in and out, $10k−$3573.570% of the position
Funding, last 7 days−0.628%−$63 on $10k
+Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.316%, 7d avg −0.238%
=Funding pays, the price is against you. SunX is 0.078% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.316% now, against its 7-day average of −0.238%). If the spread goes back, that is −$8 on $10k: about 5 hours of funding at the current rate (+$38 a day). Mind the row above: over the last 7 days funding on this pair cost −0.628%, 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 -0.628% in total (about -32.8% 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 | 0.5088 | −0.1171 | get 0.0146% / 1h | 41m 03s | $241K | $560K | 20x |
| Short | SunX SPX-USDT | 0.5072 | 0.0100 | get 0.0050% / 4h | 41m 03s | $8K | $1.7M | 20x |
Kraken Futures PF_SPXUSD
SunX SPX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $267
- Price spread: −0.316% → −0.238%
- −$7.76
- Slippage, 4 orders
- −$339.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$97.78
- Costs to cover
- 3.570%
- Break-even
- 9.6 days
Slippage from Kraken Futures: live order book, 37 min ago; SunX: live order book, 4 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, 37 min ago | 19.14 bp | 71.9 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 31.68 bp | 114.3 bp −$114 | doesn't fit | 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 | −0.1171% | 1h | 0.5088 | long leg | $241K | $560K | 20x | |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −2.144% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0055% | 4h | 0.5072 | −0.309% | $856K | $1.3M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5081 | −0.131% | $117K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5100 | +0.231% | $9.9M | $7.6M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5077 | −0.223% | $129K | $109K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5090 | +0.034% | $5.0M | $21.0M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5082 | −0.119% | $11.6M | $16.0M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5092 | +0.077% | $968K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5093 | +0.097% | $1.0M | $498K | 50x | 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_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5091 | +0.058% | $11.3M | $4.7M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5075 | −0.257% | $3.8M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5097 | +0.175% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5093 | +0.097% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5067 | −0.414% | $45K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5084 | −0.080% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDTshort | +0.0100% | 4h | 0.5072 | −0.316% | $8K | $1.7M | 20x | |
| Extended SPX-USD | +0.0104% | 1h | 0.5073 | −0.304% | $35K | $228K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5093 | +0.097% | $247K | $992K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
Extended SPX-USD
BloFin SPX-USDT