Funding you earn now, next payment 01:00 UTC−0.0927%/8h= −101.6% APRnext payment −$1.16 per $10,000 · paid last 24h −0.151%
Price spread now: Injective against Kraken Futures−2.338%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Injective is 2.338% cheaper against Kraken Futures than usual: you would sell low and buy high (−$234 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SPXUSD | 0.5098 | 0.0961 | pay 0.0120% / 1h | 29m 01s | $247K | $554K | 20x |
| Short | Injective SPX/USDC PERP | 0.4979 | 0.0033 | get 0.0004% / 1h | 29m 01s | $9 | $4K | 5.5x |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$194.77
- Price spread: −2.338% → 0.000%
- −$233.79
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$438.57
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 44 min ago; Injective: no order-book sample. Net counts fees only.
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, 44 min ago | 30.70 bp | 81.6 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | +0.0033% | 1h | 0.4979 | −2.338% | $9 | $4K | 5.5x | |
| Variational Omni SPX | +0.0036% | 4h | 0.5092 | −0.117% | $847K | $1.3M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5093 | −0.094% | $127K | $314K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5094 | −0.084% | $10.0M | $7.8M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5095 | −0.064% | $129K | $110K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5094 | −0.082% | $5.1M | $21.3M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5083 | −0.298% | $11.6M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5080 | −0.357% | $964K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5090 | −0.161% | $1.1M | $513K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5090 | −0.161% | $11.2M | $4.7M | 100x | as long as short |
Variational Omni SPX
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
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 | 0.5092 | −0.121% | $3.8M | $5.4M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5092 | −0.121% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5089 | −0.180% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5101 | +0.055% | $46K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5097 | −0.023% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5082 | −0.318% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5086 | −0.231% | $33K | $264K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5103 | +0.094% | $252K | $1.1M | 75x | as long as short |
| Kraken Futures PF_SPXUSDlong | +0.0961% | 1h | 0.5098 | long leg | $247K | $554K | 20x |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT