Funding you earn now, next payment 06:00 UTC−0.1298%/8h= −142.1% APRpaid last 24h −0.213%
Price spread now: SunX against Kraken Futures−0.401%7-day average −0.235% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.638%−$64 on $10k
+Price spread, last 4 days (all we have)+0.135%+$14 · spread now −0.401%, 7d avg −0.235%
=Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and SunX is 0.165% cheaper against Kraken Futures than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.235%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.638% in total (about -33.3% 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 | 0.5260 | 0.1398 | pay 0.0175% / 1h | 1m 19s | $260K | $556K | 20x |
| Short | SunX SPX-USDT | 0.5239 | 0.0100 | get 0.0050% / 4h | 2h 01m | $8K | $1.7M | 20x |
Kraken Futures PF_SPXUSD
SunX SPX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$272.48
- Price spread: −0.401% → −0.235%
- −$16.55
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$307.03
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 47 min ago; SunX: live order book, 4 min ago. 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, 47 min ago | 44.99 bp | 50.0 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 501.42 bp | doesn't fit | 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 | −5.344% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5250 | −0.186% | $155K | $393K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5247 | −0.256% | $10.7M | $8.1M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5247 | −0.251% | $140K | $92K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5242 | −0.351% | $5.4M | $23.2M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5236 | −0.458% | $11.9M | $17.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5240 | −0.382% | $1.0M | $3.4M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5242 | −0.344% | $1.1M | $653K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5237 | −0.439% | $12.0M | $5.3M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5239 | −0.401% | $3.8M | $5.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5240 | −0.382% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5241 | −0.363% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5235 | −0.475% | $975K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5271 | +0.207% | $27K | $254K | 25x | as long as short |
| SunX SPX-USDTshort | +0.0100% | 4h | 0.5239 | −0.401% | $8K | $1.7M | 20x | |
| Extended SPX-USD | +0.0104% | 1h | 0.5233 | −0.517% | $34K | $262K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0196% | 4h | 0.5251 | −0.173% | $21K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5262 | +0.036% | $252K | $1.1M | 75x | as long as short |
| Kraken Futures PF_SPXUSDlong | +0.1398% | 1h | 0.5260 | long leg | $260K | $556K | 20x |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
Extended SPX-USD
Orderly PERP_SPX_USDC
BloFin SPX-USDT