Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended+0.011%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1041.042% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.270%+$27 · spread now +0.011%, 7d avg +0.110%
=Together, before fees+0.262%+ Points / potential airdropExtended: Active · farm board+$26 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.099% cheaper against Extended than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.110%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX-USD | 0.5030 | 0.0104 | pay 0.0013% / 1h | 57m 19s | $34K | $227K | 10x |
| Short | Binance SPXUSDT | 0.5031 | 0.0100 | get 0.0050% / 4h | 2h 57m | $5.0M | $19.6M | 75x |
Extended SPX-USD
Binance SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.011% → +0.110%
- −$9.91
- Slippage, 4 orders
- −$89.25
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$115
- Costs to cover
- 1.042%
- Break-even
- never at this rate
Slippage from Extended: live order book, 29 min ago; Binance: live order book, 14 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 Extended live order book, 29 min ago | 3.32 bp | 35.2 bp −$35 | 219.0 bp −$2,190 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.99 bp | 16.5 bp −$17 | 51.2 bp −$512 | 384.1 bp −$38.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.0413% | 1h | 0.5034 | +0.067% | $231K | $563K | 20x | as long as short |
| Variational Omni SPX | +0.0009% | 4h | 0.5059 | +0.569% | $850K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.023% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5041 | +0.204% | $116K | $318K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5035 | +0.089% | $9.9M | $7.1M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5043 | +0.259% | $123K | $96K | 10x | as long as short |
| Binance SPXUSDTshort | +0.0100% | 4h | 0.5031 | +0.011% | $5.0M | $19.6M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5023 | −0.148% | $11.6M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5027 | −0.069% | $986K | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5035 | +0.091% | $1.0M | $475K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Variational Omni SPX
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5033 | +0.051% | $11.5M | $4.5M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5034 | +0.071% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5031 | +0.011% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5027 | −0.069% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5051 | +0.409% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5038 | +0.150% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5026 | −0.088% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USDlong | +0.0104% | 1h | 0.5030 | long leg | $34K | $227K | 10x | |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5054 | +0.468% | $257K | $970K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
BloFin SPX-USDT