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: BloFin against Bybit−0.020%7-day average +0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.020%, 7d avg +0.154%

Together, before fees+0.438%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.173% cheaper against Bybit than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.154%). If the spread goes back, that is −$17 on $10k: about 2.4 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPXUSDT	0.5088	0.0100	pay 0.0050% / 4h	3h 15m	$11.6M	$16.1M	50x
Short	BloFin SPX-USDT	0.5087	0.0340	get 0.0170% / 4h	3h 15m	$253K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now −0.020%Rate

Funding earned: $50.4
Price spread: −0.020% → +0.154%: −$17.35
Slippage, 4 orders: −$49.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$39.78
Costs to cover: 0.728%
Break-even: 12.5 days

Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 2 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 Bybit live order book, 3 min ago	2.96 bp	17.0 bp −$17	59.4 bp −$594	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	11.82 bp	18.9 bp −$19	44.9 bp −$449	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
Variational Omni SPX	+0.0018%	4h	0.5068	−0.399%	$847K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−2.142%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5093	+0.102%	$117K	$323K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5098	+0.195%	$10.0M	$7.8M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5080	−0.165%	$128K	$110K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5094	+0.118%	$5.1M	$21.3M	75x	as long as short
Bybit SPXUSDTlong	+0.0100%	4h	0.5088	long leg	$11.6M	$16.1M	50x
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5089	+0.020%	$963K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5087	−0.020%	$1.1M	$519K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5093	+0.098%	$11.3M	$4.8M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5091	+0.059%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5098	+0.197%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5092	+0.079%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5065	−0.452%	$45K	$247K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5096	+0.157%	$20K	$599	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5084	−0.079%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5092	+0.086%	$36K	$265K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5087	−0.020%	$253K	$1.1M	75x
Kraken Futures PF_SPXUSD	+0.0960%	1h	0.5100	+0.235%	$247K	$553K	20x	as long as short