Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Orderly against Binance+0.314%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.314% dearer against Binance than usual: you sell high and buy low, +$31 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPXUSDT | 0.5103 | 0.0100 | pay 0.0050% / 4h | 3h 41m | $5.1M | $21.2M | 75x |
| Short | Orderly PERP_SPX_USDC | 0.5119 | 0.0100 | get 0.0050% / 4h | 3h 41m | $20K | $711 | 10x |
Binance SPXUSDT
Orderly PERP_SPX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $0
- Price spread: +0.314% → 0.000%
- $31.35
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $15.35
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 14 min ago; Orderly: 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 Binance live order book, 14 min ago | 0.98 bp | 20.9 bp −$21 | 65.3 bp −$653 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SPX | +0.0033% | 4h | 0.5072 | −0.613% | $839K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −2.430% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5105 | +0.039% | $127K | $314K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5108 | +0.096% | $10.0M | $7.9M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5102 | −0.023% | $129K | $110K | 10x | as long as short |
| Binance SPXUSDTlong | +0.0100% | 4h | 0.5103 | long leg | $5.1M | $21.2M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5100 | −0.059% | $11.6M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5100 | −0.059% | $969K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5104 | +0.020% | $1.1M | $510K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5109 | +0.118% | $11.2M | $4.7M | 100x | as long as short |
Variational Omni SPX
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster 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 | 0.5108 | +0.098% | $3.8M | $5.4M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5103 | 0.000% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5104 | +0.020% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5084 | −0.372% | $46K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDCshort | +0.0100% | 4h | 0.5119 | +0.314% | $20K | $711 | 10x | |
| SunX SPX-USDT | +0.0100% | 4h | 0.5101 | −0.039% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5102 | −0.021% | $33K | $276K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5102 | −0.020% | $250K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.0958% | 1h | 0.5115 | +0.230% | $248K | $555K | 20x | as long as short |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT
Kraken Futures PF_SPXUSD