Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.004%
Price spread now: Injective against KuCoin−5.053%85s7-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 −$2 a day on $10k at the current rate, and Injective is 5.053% cheaper against KuCoin than usual: you would sell low and buy high (−$505 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 85 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 | KuCoin SPXUSDTM | 0.5244 | 0.0100 | pay 0.0050% / 4h | 2h 01m | $3.8M | $5.4M | 50x |
| Short | Injective SPX/USDC PERP | 0.4979 | 0.0033 | get 0.0004% / 1h | 1m 57s | $9 | $4K | 5.5x |
KuCoin SPXUSDTM
Injective SPX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- −$14
- Price spread: −5.053% → 0.000%
- −$505.34
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$531.36
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago | 2.86 bp | 82.1 bp −$82 | 470.9 bp −$4,709 | 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 | −5.053% | $9 | $4K | 5.5x | |
| Lighter SPX | +0.0096% | 1h | 0.5253 | +0.179% | $155K | $393K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5258 | +0.271% | $10.7M | $8.1M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5247 | +0.061% | $140K | $92K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5247 | +0.057% | $5.3M | $23.2M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5240 | −0.076% | $11.9M | $17.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5247 | +0.057% | $994K | $3.4M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5246 | +0.038% | $1.1M | $653K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5247 | +0.057% | $12.0M | $5.3M | 100x | as long as short |
| KuCoin SPXUSDTMlong | +0.0100% | 4h | 0.5244 | long leg | $3.8M | $5.4M | 50x |
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5246 | +0.038% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5247 | +0.057% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5235 | −0.170% | $975K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5271 | +0.515% | $27K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5239 | −0.095% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5245 | +0.018% | $34K | $262K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0202% | 4h | 0.5259 | +0.286% | $21K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5262 | +0.343% | $252K | $1.1M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1398% | 1h | 0.5260 | +0.307% | $260K | $556K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
BloFin SPX-USDT
Kraken Futures PF_SPXUSD