SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.080%

Price spread now: Bybit against BloFin−0.494%7-day average −0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$820.817% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.422%−$42 on $10k

Price spread, last 4 days (all we have)+0.593%+$59 · spread now −0.494%, 7d avg −0.140%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.354% cheaper against BloFin than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.140%). Swap the legs.

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	29m 06s	$249K	$1.0M	75x
Short	Bybit SPXUSDT	0.5038	0.0100	get 0.0050% / 4h	29m 06s	$11.4M	$16.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.494%Rate

Funding earned: −$50.4
Price spread: −0.494% → −0.140%: −$35.4
Slippage, 4 orders: −$58.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$167.48
Costs to cover: 0.817%
Break-even: never at this rate

Slippage from BloFin: live order book, 48 min ago; Bybit: live order book, 4 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, 48 min ago	5.93 bp	17.2 bp −$17	38.0 bp −$380	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.00 bp	23.0 bp −$23	73.5 bp −$735	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	0.5060	−0.065%	$136K	$357K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5051	−0.241%	$10.3M	$7.5M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5051	−0.245%	$5.1M	$21.4M	75x	as long as short
Bybit SPXUSDTshort	+0.0100%	4h	0.5038	−0.494%	$11.4M	$16.4M	50x
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5036	−0.533%	$938K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5053	−0.198%	$1.0M	$562K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5048	−0.296%	$12.0M	$4.9M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5063	0.000%	$3.7M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5047	−0.316%	$2.6M	$1.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.5046	−0.336%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5033	−0.600%	$847K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5001	−1.225%	$25K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5052	−0.217%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5056	−0.144%	$33K	$249K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0170%	4h	0.5066	+0.059%	$20K	$599	10x	as long as short
Aster SPXUSDT	+0.0186%	4h	0.5061	−0.049%	$135K	$122K	10x	as long as short
BloFin SPX-USDTlong	+0.0340%	4h	0.5063	long leg	$249K	$1.0M	75x
Kraken Futures PF_SPXUSD	+0.1274%	1h	0.5065	+0.039%	$247K	$550K	20x	as long as short