Funding you earn now, next payment 05:00 UTC−0.1120%/8h= −122.7% APRpaid last 24h −0.214%
Price spread now: Gate against Kraken Futures−0.272%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$423as in the Funding arb table
Net, price: spread back to 7d avg − costs−$372as in the Price arb table
costs, in and out, $10k−$3573.575% of the position
Funding, last 7 days−0.653%−$65 on $10k
+Price spread, last 4 days (all we have)+0.336%+$34 · spread now −0.272%, 7d avg −0.129%
=Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Gate is 0.143% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.653% in total (about -34.0% 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 | 0.5156 | 0.1220 | pay 0.0153% / 1h | 27m 18s | $252K | $558K | 20x |
| Short | Gate SPX_USDT | 0.5142 | 0.0100 | get 0.0050% / 4h | 3h 27m | $1.0M | $588K | 50x |
Kraken Futures PF_SPXUSD
Gate SPX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$235.26
- Price spread: −0.272% → −0.129%
- −$14.3
- Slippage, 4 orders
- −$332.48
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$607.04
- Costs to cover
- 3.575%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 26 min ago; Gate: live order book, 5 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, 26 min ago | 42.88 bp | 50.3 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 7.74 bp | 140.7 bp −$141 | 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 | −3.434% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5149 | −0.135% | $150K | $370K | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5145 | −0.221% | $5.2M | $22.2M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5132 | −0.466% | $11.7M | $16.9M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5135 | −0.408% | $935K | $3.1M | 20x | as long as short |
| Gate SPX_USDTshort | +0.0100% | 4h | 0.5142 | −0.272% | $1.0M | $588K | 50x | |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5144 | −0.233% | $11.8M | $5.0M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5140 | −0.311% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5148 | −0.156% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5144 | −0.233% | — | $6.9M | — | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SPX | +0.0100% | 4h | 0.5176 | +0.379% | $963K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5176 | +0.387% | $26K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5135 | −0.408% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5138 | −0.359% | $36K | $250K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0210% | 4h | 0.5152 | −0.078% | $20K | $599 | 10x | as long as short |
| Aster SPXUSDT | +0.0213% | 4h | 0.5152 | −0.071% | $137K | $129K | 10x | as long as short |
| Hyperliquid SPX | +0.0295% | 1h | 0.5152 | −0.073% | $10.5M | $7.8M | 5x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5151 | −0.098% | $254K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSDlong | +0.1220% | 1h | 0.5156 | long leg | $252K | $558K | 20x |
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
Aster SPXUSDT
Hyperliquid SPX
BloFin SPX-USDT