SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against BingX+0.100%96s7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as 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−$820.819% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.350%+$35 on $10k

Price spread, last 3 days (all we have)−0.594%−$59 · spread now +0.100%, 7d avg +0.076%

Together, before fees−0.244%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.024% dearer against BingX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.076%. The two prices were read 96 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	BingX SPX-USDT	0.5007	0.0100	pay 0.0050% / 4h	2h 49m	—	$6.9M	—
Short	BloFin SPX-USDT	0.5012	0.0340	get 0.0170% / 4h	2h 49m	$253K	$910K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BloFinbpOrdersPrice spread, now +0.100%Rate

Funding earned: $50.4
Price spread: +0.100% → +0.076%: $2.38
Slippage, 4 orders: −$59.91
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.13
Costs to cover: 0.819%
Break-even: 11.0 days

Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 37 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 BingX live order book, 3 min ago	6.99 bp	24.1 bp −$24	53.2 bp −$532	345.4 bp −$34.5K	doesn't fit
Sell BloFin live order book, 37 min ago	2.93 bp	16.6 bp −$17	41.8 bp −$418	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
Kraken Futures PF_SPXUSD	−0.0414%	1h	0.5013	+0.111%	$230K	$560K	20x	as long as short
Variational Omni SPX	−0.0022%	4h	0.5000	−0.139%	$844K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.559%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5016	+0.188%	$116K	$318K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5015	+0.152%	$9.8M	$7.1M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5017	+0.200%	$123K	$97K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5014	+0.147%	$5.0M	$19.5M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5009	+0.040%	$11.6M	$15.4M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5008	+0.020%	$976K	$2.6M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5013	+0.120%	$1.0M	$476K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5014	+0.140%	$11.5M	$4.5M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5012	+0.100%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5016	+0.180%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDTlong	+0.0100%	4h	0.5007	long leg	—	$6.9M	—
ApeX Omni SPXUSDT	+0.0100%	1h	0.5009	+0.040%	$45K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5020	+0.260%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5009	+0.040%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5010	+0.052%	$34K	$227K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5012	+0.100%	$253K	$910K	75x