Funding you earn now, next payment 04:00 UTC−0.1182%/8h= −129.4% APRpaid last 24h −0.197%
Price spread now: Bitget against Kraken Futures−0.044%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$303as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2402.401% of the position
Funding, last 7 days−0.629%−$63 on $10k
+Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.044%, 7d avg −0.080%
=The price spread pays, funding is against you. Bitget is 0.035% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.080%): +$4 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.629% in total) that is about 9 hours.
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 | Kraken Futures PF_SPXUSD | 0.5035 | 0.1282 | pay 0.0160% / 1h | 24m 12s | $245K | $550K | 20x |
| Short | Bitget SPXUSDT | 0.5033 | 0.0100 | get 0.0050% / 4h | 24m 12s | $2.6M | $1.4M | 50x |
Kraken Futures PF_SPXUSD
Bitget SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$248.21
- Price spread: −0.044% → −0.080%
- $3.54
- Slippage, 4 orders
- −$218.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$484.75
- Costs to cover
- 2.401%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 34 min ago; Bitget: live order book, 3 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, 34 min ago | 60.12 bp | 76.1 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 9.92 bp | 40.9 bp −$41 | 121.8 bp −$1,218 | 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 | −1.117% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5037 | +0.033% | $135K | $357K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5036 | +0.015% | $10.2M | $7.5M | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5032 | −0.064% | $5.0M | $21.4M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5024 | −0.223% | $11.3M | $16.3M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5032 | −0.064% | $935K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5033 | −0.044% | $1.0M | $563K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5028 | −0.144% | $11.8M | $4.9M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5035 | −0.005% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDTshort | +0.0100% | 4h | 0.5033 | −0.044% | $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 | 0.5036 | +0.015% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5028 | −0.152% | $846K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5038 | +0.055% | $25K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5026 | −0.183% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5030 | −0.100% | $33K | $245K | 10x | as long as short |
| Aster SPXUSDT | +0.0167% | 4h | 0.5041 | +0.106% | $134K | $122K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0169% | 4h | 0.5040 | +0.095% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5050 | +0.293% | $248K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDlong | +0.1282% | 1h | 0.5035 | long leg | $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