Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.009%
Price spread now: Bybit against Extended−0.073%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1041.043% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.073%, 7d avg −0.041%
=Together, before fees−0.035%+ Points / potential airdropExtended: Active · farm board−$3 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: Bybit is 0.032% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX-USD | 0.5056 | 0.0104 | pay 0.0013% / 1h | 39m 07s | $33K | $255K | 10x |
| Short | Bybit SPXUSDT | 0.5052 | 0.0100 | get 0.0050% / 4h | 2h 39m | $11.5M | $17.1M | 50x |
Extended SPX-USD
Bybit SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.073% → −0.041%
- −$3.2
- Slippage, 4 orders
- −$88.32
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$108.36
- Costs to cover
- 1.043%
- Break-even
- never at this rate
Slippage from Extended: live order book, 8 min ago; Bybit: live order book, 4 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, 8 min ago | 3.53 bp | 42.0 bp −$42 | 246.1 bp −$2,461 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.95 bp | 14.3 bp −$14 | 45.0 bp −$450 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.517% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5064 | +0.156% | $138K | $380K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5065 | +0.184% | $10.3M | $7.9M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5057 | +0.019% | $135K | $130K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5061 | +0.105% | $5.0M | $22.4M | 75x | as long as short |
| Bybit SPXUSDTshort | +0.0100% | 4h | 0.5052 | −0.073% | $11.5M | $17.1M | 50x | |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5055 | −0.014% | $926K | $3.1M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5055 | −0.014% | $1.0M | $598K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5064 | +0.164% | $11.9M | $5.1M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5056 | +0.006% | $3.7M | $5.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5058 | +0.045% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5056 | +0.006% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5074 | +0.365% | $937K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5077 | +0.421% | $26K | $255K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5056 | +0.006% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USDlong | +0.0104% | 1h | 0.5056 | long leg | $33K | $255K | 10x | |
| Orderly PERP_SPX_USDC | +0.0181% | 4h | 0.5062 | +0.124% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5054 | −0.034% | $250K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1449% | 1h | 0.5072 | +0.318% | $248K | $544K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Orderly PERP_SPX_USDC
BloFin SPX-USDT
Kraken Futures PF_SPXUSD