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: Binance against BloFin+0.060%81s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as 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−$670.675% of the position
Funding, last 7 days−0.350%−$35 on $10k
+Price spread, last 3 days (all we have)+0.232%+$23 · spread now +0.060%, 7d avg +0.002%
=The price spread pays, funding is against you. Binance is 0.058% dearer against BloFin than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of +0.002%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours. The two prices were read 81 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 | BloFin SPX-USDT | 0.5014 | 0.0340 | pay 0.0170% / 4h | 2h 43m | $253K | $905K | 75x |
| Short | Binance SPXUSDT | 0.5017 | 0.0100 | get 0.0050% / 4h | 2h 43m | $5.0M | $19.5M | 75x |
BloFin SPX-USDT
Binance SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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: +0.060% → +0.002%
- $5.8
- Slippage, 4 orders
- −$45.49
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$112.09
- Costs to cover
- 0.675%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 43 min ago; Binance: live order book, 12 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 BloFin live order book, 43 min ago | 2.93 bp | 16.7 bp −$17 | 34.6 bp −$346 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.99 bp | 17.4 bp −$17 | 62.1 bp −$621 | 381.2 bp −$38.1K | 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 | 0.5011 | −0.063% | $230K | $560K | 20x | as long as short |
| Variational Omni SPX | −0.0004% | 4h | 0.5003 | −0.219% | $842K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −0.698% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5017 | +0.052% | $116K | $318K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5019 | +0.094% | $9.8M | $7.2M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5014 | +0.001% | $123K | $97K | 10x | as long as short |
| Binance SPXUSDTshort | +0.0100% | 4h | 0.5017 | +0.060% | $5.0M | $19.5M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5010 | −0.080% | $11.6M | $15.4M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5014 | 0.000% | $976K | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5009 | −0.100% | $1.0M | $476K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Variational Omni SPX
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5016 | +0.040% | $11.5M | $4.5M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5013 | −0.020% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5018 | +0.080% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5013 | −0.020% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5014 | 0.000% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5019 | +0.100% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5000 | −0.279% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5017 | +0.058% | $34K | $226K | 10x | as long as short |
| BloFin SPX-USDTlong | +0.0340% | 4h | 0.5014 | long leg | $253K | $905K | 75x |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD