TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

SPX

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BloFinSPX-USDT
0.3805+0.0340pay 0.0170% / 4h59m 16s$176K$537K75xLong BloFin
SHORT
GMXSPX6900/USD [ETH-USDC]
0.3800L −0.0166S +0.0560pay 0.0070% / 1h59m 16s$38K$273K50xShort GMX5% off
Price gap−0.124%
Funding gap−0.0900% /8h

Both sides work against this direction now: funding costs $27 a day on $10k and the gap is 0.050% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$25−0.0900% /8h now · paid −0.247% over the last 7D
Price−$5spread −0.124% now, avg −0.074% → −0.050% if it goes back
Costsno datano order book for GMX
Result, before costs−$30−0.30%no pointscosts unknown: no order book for GMX · What the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.247% in total, about −0.0118%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.124%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SPX on 21 exchanges

lowest funding first

Before you open

0 ok · 4 to watch
  • Note: Order book unknown—
    No order-book sample for GMX: its slippage is not counted.
  • Note: Margin at max leverage$133 + $200
    BloFin 75x, GMX 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$27.00Long BloFin: 6 payments, −$10.20; short GMX: 24 payments, −$16.80.
  • Watch: Gap narrower than usual−0.124% vs −0.074%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$38K vs $176K OI
    GMX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBloFin Limited · GMX No
    No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0118%/8h × 21 periods−$24.68
Price spread−0.124% → −0.074% (7d avg)−$4.99
Slippage, 4 ordersno data for GMX—
Fee BloFin bp × 2 orders−$12.00
Fee GMX bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$53.67
Costs to cover0.240%Break-evennever at this rate
Slippage: BloFin: live order book, 41 min ago; GMX: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGBloFin4.0116.2 bp−$1647.3 bp−$473doesn’t fitdoesn’t fit
SELL · SHORTGMX—————

Closing costs about the same again.
GMX: no data.

Alert

SPX news

posts that mention SPX, from every exchangeSearch all news →
10-12 18:49Aftermath PerpsListingnew market SPXUSD ($SPX) seen by our collector
09-24 09:32ApeX OmniListing5 up, 81 down on the ApeX board. Median name -6.6%. litecoin:native +9.2% is the only real bid, riding the old-coin rotation that took bitcoin-cash:native up 30% this week after CME said it will list Bitcoin Cash futures on 19 Oct. $SPX -14.1% is the extreme. @OfficialApeXdex on X ↗