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: BingX against BloFin−0.178%111s7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as 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−$940.942% of the position
Funding, last 7 days−0.350%−$35 on $10k
+Price spread, last 3 days (all we have)+0.286%+$29 · spread now −0.178%, 7d avg −0.081%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.097% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.081%). Swap the legs. The two prices were read 111 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 | 0.5060 | 0.0340 | pay 0.0170% / 4h | 27m 17s | $249K | $986K | 75x |
| Short | BingX SPX-USDT | 0.5051 | 0.0100 | get 0.0050% / 4h | 27m 17s | — | $6.9M | — |
BloFin SPX-USDT
BingX SPX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.178% → −0.081%
- −$9.72
- Slippage, 4 orders
- −$72.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$154.35
- Costs to cover
- 0.942%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 50 min ago; BingX: 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 BloFin live order book, 50 min ago | 5.03 bp | 13.4 bp −$13 | 44.9 bp −$449 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 10.87 bp | 27.9 bp −$28 | 68.4 bp −$684 | 272.3 bp −$27.2K | 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 | −0.1177% | 1h | 0.5064 | +0.086% | $240K | $559K | 20x | as long as short |
| Variational Omni SPX | −0.0012% | 4h | 0.5046 | −0.278% | $837K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.601% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5052 | −0.154% | $116K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5056 | −0.075% | $9.9M | $7.7M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5052 | −0.167% | $128K | $110K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5052 | −0.164% | $4.9M | $21.0M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5043 | −0.336% | $11.5M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5050 | −0.198% | $961K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5051 | −0.178% | $1.0M | $500K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Variational Omni SPX
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance 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 | 0.5051 | −0.178% | $11.2M | $4.7M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5050 | −0.198% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5056 | −0.079% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDTshort | +0.0100% | 4h | 0.5051 | −0.178% | — | $6.9M | — | |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5057 | −0.059% | $45K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5059 | −0.020% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5041 | −0.375% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5048 | −0.246% | $34K | $228K | 10x | as long as short |
| BloFin SPX-USDTlong | +0.0340% | 4h | 0.5060 | long leg | $249K | $986K | 75x |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD