SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0108%/8h= +11.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.013%

Price spread now: Orderly against Bybit+0.252%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.252% dearer against Bybit than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPXUSDT	0.5160	0.0100	pay 0.0050% / 4h	3h 32m	$11.8M	$16.9M	50x
Short	Orderly PERP_SPX_USDC	0.5173	0.0208	get 0.0104% / 4h	3h 32m	$21K	$599	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.252%Rate

Funding earned: $22.73
Price spread: +0.252% → 0.000%: $25.19
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $30.92
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

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, 1 min ago	0.97 bp	22.7 bp −$23	77.1 bp −$771	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−3.508%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5172	+0.234%	$141K	$359K	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5169	+0.184%	$5.2M	$22.1M	75x	as long as short
Bybit SPXUSDTlong	+0.0100%	4h	0.5160	long leg	$11.8M	$16.9M	50x
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5161	+0.019%	$942K	$3.1M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5162	+0.039%	$1.0M	$583K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5167	+0.136%	$11.9M	$5.0M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5166	+0.116%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5173	+0.252%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5164	+0.078%	—	$6.9M	—	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPX	+0.0100%	4h	0.5168	+0.147%	$964K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5201	+0.795%	$26K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5162	+0.039%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5164	+0.077%	$36K	$250K	10x	as long as short
Orderly PERP_SPX_USDCshort	+0.0208%	4h	0.5173	+0.252%	$21K	$599	10x
Aster SPXUSDT	+0.0233%	4h	0.5170	+0.190%	$138K	$129K	10x	as long as short
Hyperliquid SPX	+0.0320%	1h	0.5175	+0.300%	$10.6M	$7.8M	5x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5166	+0.116%	$252K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1216%	1h	0.5174	+0.273%	$253K	$558K	20x	as long as short