Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: Bitget against BloFin−0.138%95s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as 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−$920.918% of the position
Funding, last 7 days−0.364%−$36 on $10k
+Price spread, last 4 days (all we have)+0.691%+$69 · spread now −0.138%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.107% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.031%). Swap the legs. The two prices were read 95 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 | 0.5063 | 0.0340 | pay 0.0170% / 4h | 1h 17m | $253K | $1.0M | 75x |
| Short | Bitget SPXUSDT | 0.5056 | 0.0100 | get 0.0050% / 4h | 1h 17m | $2.6M | $1.4M | 50x |
BloFin SPX-USDT
Bitget SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.138% → −0.031%
- −$10.72
- Slippage, 4 orders
- −$67.8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$152.92
- Costs to cover
- 0.918%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago | 1.97 bp | 16.8 bp −$17 | 37.9 bp −$379 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 6.90 bp | 22.7 bp −$23 | 51.9 bp −$519 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.659% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5058 | −0.091% | $136K | $359K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5054 | −0.182% | $10.1M | $7.4M | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5052 | −0.212% | $5.1M | $21.1M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5046 | −0.336% | $11.5M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5050 | −0.257% | $942K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5047 | −0.316% | $1.0M | $559K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5054 | −0.178% | $11.9M | $4.8M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5055 | −0.158% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDTshort | +0.0100% | 4h | 0.5056 | −0.138% | $2.6M | $1.4M | 50x |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5052 | −0.217% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5071 | +0.149% | $885K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5082 | +0.375% | $25K | $253K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5048 | −0.296% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5053 | −0.194% | $33K | $250K | 10x | as long as short |
| Aster SPXUSDT | +0.0140% | 4h | 0.5054 | −0.180% | $128K | $111K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0143% | 4h | 0.5059 | −0.079% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDTlong | +0.0340% | 4h | 0.5063 | long leg | $253K | $1.0M | 75x | |
| Kraken Futures PF_SPXUSD | +0.1426% | 1h | 0.5057 | −0.121% | $250K | $544K | 20x | as long as short |
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Aster SPXUSDT
Orderly PERP_SPX_USDC
Kraken Futures PF_SPXUSD