SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.077%

Price spread now: KuCoin against BloFin−0.079%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1521.518% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.405%−$40 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.079%, 7d avg −0.041%

Together, before fees−0.168%−$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 KuCoin is 0.038% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPX-USDT	0.5061	0.0340	pay 0.0170% / 4h	50m 58s	$256K	$939K	75x
Short	KuCoin SPXUSDTM	0.5057	0.0100	get 0.0050% / 4h	50m 58s	$3.6M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$50.4
Price spread: −0.079% → −0.041%: −$3.83
Slippage, 4 orders: −$127.82
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$206.05
Costs to cover: 1.518%
Break-even: never at this rate

Slippage from BloFin: live order book, 39 min ago; KuCoin: 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, 39 min ago	1.96 bp	14.6 bp −$15	35.5 bp −$355	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	4.93 bp	37.4 bp −$37	282.8 bp −$2,828	doesn't fit	doesn't fit

SPX on 19 exchanges

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	−1.620%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0046%	4h	0.5059	−0.036%	$940K	$1.7M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5057	−0.085%	$123K	$375K	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5064	+0.059%	$131K	$103K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5059	−0.038%	$5.2M	$23.4M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5047	−0.277%	$11.8M	$17.5M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5050	−0.217%	$972K	$3.3M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5057	−0.079%	$1.0M	$664K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5055	−0.119%	$10.5M	$4.9M	100x	as long as short
KuCoin SPXUSDTMshort	+0.0100%	4h	0.5057	−0.079%	$3.6M	$5.5M	50x

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5056	−0.099%	$2.6M	$1.3M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5054	−0.138%	—	$7.0M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5075	+0.277%	$27K	$250K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5049	−0.237%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5054	−0.142%	$44K	$327K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0144%	4h	0.5063	+0.040%	$20K	$511	10x	as long as short
BloFin SPX-USDTlong	+0.0340%	4h	0.5061	long leg	$256K	$939K	75x
Hyperliquid SPX	+0.0758%	1h	0.5062	+0.024%	$10.5M	$8.5M	5x	as long as short
Kraken Futures PF_SPXUSD	+0.1016%	1h	0.5060	−0.024%	$273K	$543K	20x	as long as short