Funding you earn now, next payment 07:00 UTC+0.1501%/8h= +164.4% APRnext payment +$1.88 per $10,000 · paid last 24h +0.212%
Price spread now: Kraken Futures against Extended+0.299%7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1651.652% of the position
Funding, last 7 days+0.634%+$63 on $10k
+Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.299%, 7d avg +0.154%
=Together, before fees+0.390%+ Points / potential airdropExtended: Active · farm board+$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Kraken Futures is 0.145% dearer against Extended than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.154%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.634% in total (about 33.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.88 per $10,000. 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 | Extended SPX-USD | 0.5145 | 0.0104 | pay 0.0013% / 1h | 1m 49s | $33K | $243K | 10x |
| Short | Kraken Futures PF_SPXUSD | 0.5160 | 0.1605 | get 0.0201% / 1h | 1m 49s | $256K | $555K | 20x |
Extended SPX-USD
Kraken Futures PF_SPXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $315.23
- Price spread: +0.299% → +0.154%
- $14.49
- Slippage, 4 orders
- −$150.25
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $164.47
- Costs to cover
- 1.652%
- Break-even
- 3.3 days
Slippage from Extended: live order book, 40 min ago; Kraken Futures: live order book, 41 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 Extended live order book, 40 min ago | 3.68 bp | 23.7 bp −$24 | 187.2 bp −$1,872 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 41 min ago | 37.89 bp | 50.5 bp −$50 | 152.1 bp −$1,521 | 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 | −3.218% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5153 | +0.162% | $140K | $405K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5151 | +0.123% | $10.4M | $8.3M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5148 | +0.069% | $137K | $93K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5148 | +0.067% | $5.2M | $23.7M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5143 | −0.030% | $11.8M | $17.7M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5140 | −0.089% | $970K | $3.4M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5145 | +0.009% | $1.0M | $653K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5151 | +0.125% | $11.9M | $5.4M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5148 | +0.067% | $3.7M | $5.4M | 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
MEXC 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 | 0.5152 | +0.145% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5145 | +0.009% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5176 | +0.603% | $1.0M | $1.6M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5173 | +0.553% | $26K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5133 | −0.225% | $8K | $1.8M | 20x | as long as short |
| Extended SPX-USDlong | +0.0104% | 1h | 0.5145 | long leg | $33K | $243K | 10x | |
| Orderly PERP_SPX_USDC | +0.0175% | 4h | 0.5154 | +0.184% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5153 | +0.164% | $257K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDshort | +0.1605% | 1h | 0.5160 | +0.299% | $256K | $555K | 20x |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Orderly PERP_SPX_USDC
BloFin SPX-USDT