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 Bitget+0.460%105s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as 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−$740.736% of the position

Long on Bitget 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)−0.727%−$73 · spread now +0.460%, 7d avg +0.024%

Together, before fees−0.377%−$38 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 0.436% dearer against Bitget than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of +0.024%. The two prices were read 105 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	Bitget SPXUSDT	0.4997	0.0100	pay 0.0050% / 4h	2h 39m	$2.6M	$1.4M	50x
Short	BloFin SPX-USDT	0.5020	0.0340	get 0.0170% / 4h	2h 39m	$254K	$913K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.460%Rate

Funding earned: $50.4
Price spread: +0.460% → +0.024%: $43.62
Slippage, 4 orders: −$49.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $20.44
Costs to cover: 0.736%
Break-even: 4.2 days

Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 47 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 Bitget live order book, 3 min ago	4.99 bp	18.0 bp −$18	56.7 bp −$567	doesn't fit	doesn't fit
Sell BloFin live order book, 47 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	−0.0415%	1h	0.5010	+0.252%	$229K	$559K	20x	as long as short
Variational Omni SPX	−0.0029%	4h	0.5004	+0.141%	$843K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.360%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5007	+0.198%	$115K	$318K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.4999	+0.046%	$9.8M	$7.2M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5014	+0.333%	$123K	$97K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.4998	+0.026%	$4.9M	$19.5M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.4990	−0.140%	$11.5M	$15.4M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.4993	−0.080%	$972K	$2.6M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5001	+0.080%	$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	0.5000	+0.060%	$11.5M	$4.5M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.4999	+0.040%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDTlong	+0.0100%	4h	0.4997	long leg	$2.6M	$1.4M	50x
BingX SPX-USDT	+0.0100%	4h	0.4995	−0.040%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5011	+0.280%	$45K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5018	+0.420%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5001	+0.080%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.4995	−0.032%	$34K	$226K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5020	+0.460%	$254K	$913K	75x