Funding you earn now, next payment 01:00 UTC−0.0858%/8h= −93.9% APRpaid last 24h −0.132%
Price spread now: Aster against Kraken Futures−0.269%54s7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$8298.289% of the position
Funding, last 5 days (all we have)−0.363%−$36 on $10k
+Price spread, last 3 days (all we have)+0.317%+$32 · spread now −0.269%, 7d avg −0.054%
=Together, before fees−0.046%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Aster is 0.215% cheaper against Kraken Futures than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.054%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.363% in total (about -24.7% 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 | 0.5114 | 0.0958 | pay 0.0120% / 1h | 36m 23s | $248K | $555K | 20x |
| Short | Aster SPXUSDT | 0.5100 | 0.0100 | get 0.0050% / 4h | 3h 36m | $129K | $110K | 10x |
Kraken Futures PF_SPXUSD
Aster SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$180.14
- Price spread: −0.269% → −0.054%
- −$21.48
- Slippage, 4 orders
- −$810.92
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$1,030.54
- Costs to cover
- 8.289%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 37 min ago; Aster: live order book, 35 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 | 30.70 bp | 81.6 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 35 min ago | 14.83 bp | 25.7 bp −$26 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −2.642% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0057% | 4h | 0.5097 | −0.340% | $848K | $1.3M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5108 | −0.125% | $127K | $314K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5128 | +0.280% | $10.1M | $7.8M | 5x | as long as short |
| Aster SPXUSDTshort | +0.0100% | 4h | 0.5100 | −0.269% | $129K | $110K | 10x | |
| Binance SPXUSDT | +0.0100% | 4h | 0.5119 | +0.099% | $5.1M | $21.3M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5118 | +0.076% | $11.6M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5121 | +0.135% | $972K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5111 | −0.061% | $1.1M | $511K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5120 | +0.115% | $11.2M | $4.7M | 100x | as long as short |
Injective SPX/USDC PERP
Variational Omni SPX
Lighter SPX
Hyperliquid SPX
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5118 | +0.076% | $3.8M | $5.4M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5118 | +0.076% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5119 | +0.096% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5099 | −0.295% | $46K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5127 | +0.252% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5099 | −0.295% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5100 | −0.267% | $33K | $277K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5104 | −0.198% | $250K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDlong | +0.0958% | 1h | 0.5114 | long leg | $248K | $555K | 20x |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT