Funding you earn now, next payment 07:00 UTC+0.1491%/8h= +163.3% APRpaid last 24h +0.214%
Price spread now: Kraken Futures against Gate+0.024%7-day average +0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2522.517% of the position
Funding, last 7 days+0.656%+$66 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.024%, 7d avg +0.124%
=Funding pays, the price is against you. Kraken Futures is 0.100% cheaper against Gate than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.124%). If the spread goes back, that is −$10 on $10k: about 5 hours of funding at the current rate (+$45 a day). At the pace of the last 7 days (+0.656% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.656% in total (about 34.2% 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 | Gate SPX_USDT | 0.5203 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $1.0M | $636K | 50x |
| Short | Kraken Futures PF_SPXUSD | 0.5204 | 0.1591 | get 0.0199% / 1h | 55m 36s | $257K | $555K | 20x |
Gate SPX_USDT
Kraken Futures PF_SPXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $313.2
- Price spread: +0.024% → +0.124%
- −$10.03
- Slippage, 4 orders
- −$226.65
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $51.52
- Costs to cover
- 2.517%
- Break-even
- 5.8 days
Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 52 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 Gate live order book, 1 min ago | 6.74 bp | 64.8 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 52 min ago | 44.99 bp | 67.5 bp −$67 | 171.9 bp −$1,719 | 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 | −4.305% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5199 | −0.073% | $153K | $393K | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5199 | −0.067% | $139K | $92K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5205 | +0.031% | $5.3M | $23.4M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5198 | −0.096% | $11.9M | $17.6M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5190 | −0.250% | $995K | $3.4M | 20x | as long as short |
| Gate SPX_USDTlong | +0.0100% | 4h | 0.5203 | long leg | $1.0M | $636K | 50x | |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5200 | −0.058% | $11.9M | $5.2M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5194 | −0.173% | $3.7M | $5.4M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5199 | −0.077% | $2.7M | $1.5M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5207 | +0.077% | — | $7.0M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5185 | −0.354% | $966K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5220 | +0.327% | $27K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5181 | −0.423% | $8K | $1.8M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5203 | +0.003% | $34K | $264K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0193% | 4h | 0.5202 | −0.019% | $21K | $599 | 10x | as long as short |
| Hyperliquid SPX | +0.0230% | 1h | 0.5202 | −0.015% | $10.6M | $8.1M | 5x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5223 | +0.384% | $260K | $1.1M | 75x | as long as short |
| Kraken Futures PF_SPXUSDshort | +0.1591% | 1h | 0.5204 | +0.024% | $257K | $555K | 20x |
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
Hyperliquid SPX
BloFin SPX-USDT