Funding you earn now, next payment 23:00 UTC+0.1336%/8h= +146.3% APRpaid last 24h −0.141%
Price spread now: MEXC against Kraken Futures+0.159%51s7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1231.234% of the position
Funding, last 7 days−0.654%−$65 on $10k
+Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.159%, 7d avg −0.056%
=Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and MEXC is 0.215% dearer against Kraken Futures than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.654%, so the current rate has only just turned in your favour. The two prices were read 51 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 7 days it paid -0.654% in total (about -34.1% 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 | 0.5071 | −0.1236 | get 0.0155% / 1h | 44m 31s | $235K | $555K | 20x |
| Short | MEXC SPX_USDT | 0.5079 | 0.0100 | get 0.0050% / 4h | 1h 44m | $11.5M | $4.6M | 100x |
Kraken Futures PF_SPXUSD
MEXC SPX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $280.59
- Price spread: +0.159% → −0.056%
- $21.5
- Slippage, 4 orders
- −$109.37
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $178.72
- Costs to cover
- 1.234%
- Break-even
- 2.5 days
Slippage from Kraken Futures: live order book, 38 min ago; MEXC: live order book, 4 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, 38 min ago | 25.81 bp | 61.1 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.98 bp | 7.4 bp −$7 | 29.7 bp −$297 | 169.8 bp −$17.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSDlong | −0.1236% | 1h | 0.5071 | long leg | $235K | $555K | 20x | |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.813% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0085% | 4h | 0.5058 | −0.254% | $881K | $1.3M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5076 | +0.106% | $117K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5079 | +0.156% | $9.9M | $7.3M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5068 | −0.055% | $127K | $102K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5081 | +0.199% | $5.1M | $19.9M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5074 | +0.061% | $11.8M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5075 | +0.081% | $993K | $2.7M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5070 | −0.018% | $1.0M | $475K | 50x | as long as short |
Injective SPX/USDC PERP
Variational Omni SPX
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDTshort | +0.0100% | 4h | 0.5079 | +0.159% | $11.5M | $4.6M | 100x | |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5078 | +0.140% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5075 | +0.081% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5077 | +0.120% | — | $6.9M | — | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5079 | +0.159% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5067 | −0.077% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5078 | +0.131% | $35K | $227K | 10x | as long as short |
| ApeX Omni SPXUSDT | +0.0224% | 1h | 0.5062 | −0.176% | $45K | $248K | 25x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5074 | +0.061% | $255K | $936K | 75x | as long as short |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
ApeX Omni SPXUSDT
BloFin SPX-USDT