Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Binance+0.270%51s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as 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−$770.774% of the position
Funding, last 7 days+0.375%+$38 on $10k
+Price spread, last 4 days (all we have)−0.472%−$47 · spread now +0.270%, 7d avg −0.003%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.273% dearer against Binance than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.003%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPXUSDT | 0.5171 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $5.2M | $22.3M | 75x |
| Short | BloFin SPX-USDT | 0.5185 | 0.0340 | get 0.0170% / 4h | 3h 12m | $254K | $1.0M | 75x |
Binance SPXUSDT
BloFin SPX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $50.4
- Price spread: +0.270% → −0.003%
- $27.26
- Slippage, 4 orders
- −$55.39
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $0.28
- Costs to cover
- 0.774%
- Break-even
- 7.0 days
Slippage from Binance: live order book, 14 min ago; BloFin: live order book, 10 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 Binance live order book, 14 min ago | 0.97 bp | 22.7 bp −$23 | 61.8 bp −$618 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 10 min ago | 1.95 bp | 18.7 bp −$19 | 50.6 bp −$506 | 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 | −3.714% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5180 | +0.169% | $151K | $370K | 5x | as long as short |
| Binance SPXUSDTlong | +0.0100% | 4h | 0.5171 | long leg | $5.2M | $22.3M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5162 | −0.175% | $11.8M | $17.0M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5160 | −0.214% | $938K | $3.1M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5168 | −0.059% | $1.0M | $592K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5172 | +0.018% | $12.0M | $5.1M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5166 | −0.098% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5177 | +0.115% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5160 | −0.214% | — | $6.9M | — | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
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 | 0.5180 | +0.165% | $965K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5182 | +0.212% | $26K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5179 | +0.154% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5168 | −0.068% | $34K | $252K | 10x | as long as short |
| Hyperliquid SPX | +0.0151% | 1h | 0.5171 | +0.003% | $10.6M | $7.8M | 5x | as long as short |
| Aster SPXUSDT | +0.0181% | 4h | 0.5176 | +0.101% | $138K | $130K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0224% | 4h | 0.5174 | +0.057% | $21K | $599 | 10x | as long as short |
| BloFin SPX-USDTshort | +0.0340% | 4h | 0.5185 | +0.270% | $254K | $1.0M | 75x | |
| Kraken Futures PF_SPXUSD | +0.1212% | 1h | 0.5192 | +0.407% | $254K | $548K | 20x | as long as short |
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Hyperliquid SPX
Aster SPXUSDT
Orderly PERP_SPX_USDC
Kraken Futures PF_SPXUSD