Funding you earn now, next payment 04:00 UTC+0.1184%/8h= +129.6% APRpaid last 24h +0.197%
Price spread now: Kraken Futures against Bitget+0.237%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1951.950% of the position
Funding, last 7 days+0.629%+$63 on $10k
+Price spread, last 4 days (all we have)−0.466%−$47 · spread now +0.237%, 7d avg +0.080%
=Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Kraken Futures is 0.157% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.080%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.629% 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 | Bitget SPXUSDT | 0.5017 | 0.0100 | pay 0.0050% / 4h | 21m 23s | $2.6M | $1.4M | 50x |
| Short | Kraken Futures PF_SPXUSD | 0.5029 | 0.1284 | get 0.0160% / 1h | 21m 23s | $245K | $550K | 20x |
Bitget SPXUSDT
Kraken Futures PF_SPXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $248.55
- Price spread: +0.237% → +0.080%
- $15.71
- Slippage, 4 orders
- −$172.99
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $69.27
- Costs to cover
- 1.950%
- Break-even
- 5.0 days
Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 37 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 Bitget live order book, 1 min ago | 9.96 bp | 18.5 bp −$19 | 66.9 bp −$669 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 37 min ago | 60.12 bp | 82.5 bp −$82 | 190.5 bp −$1,905 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −0.757% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5026 | +0.185% | $135K | $357K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5024 | +0.144% | $10.2M | $7.5M | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5018 | +0.017% | $5.0M | $21.4M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5009 | −0.159% | $11.3M | $16.3M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5015 | −0.040% | $932K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5012 | −0.100% | $1.0M | $563K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5017 | 0.000% | $11.7M | $4.9M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5017 | 0.000% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDTlong | +0.0100% | 4h | 0.5017 | long leg | $2.6M | $1.4M | 50x |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5014 | −0.060% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5028 | +0.211% | $846K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5041 | +0.478% | $25K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5008 | −0.179% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5015 | −0.036% | $33K | $245K | 10x | as long as short |
| Aster SPXUSDT | +0.0154% | 4h | 0.5020 | +0.063% | $134K | $122K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0164% | 4h | 0.5023 | +0.120% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5032 | +0.299% | $247K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDshort | +0.1284% | 1h | 0.5029 | +0.237% | $245K | $550K | 20x |
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Aster SPXUSDT
Orderly PERP_SPX_USDC
BloFin SPX-USDT