SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.073%

Price spread now: BloFin against Gate−0.020%7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$1971.975% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.375%+$38 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now −0.020%, 7d avg +0.074%

Together, before fees+0.237%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.094% cheaper against Gate than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.074%). If the spread goes back, that is −$9 on $10k: about 31 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5080	0.0100	pay 0.0050% / 4h	1h 50m	$1.1M	$475K	50x
Short	BloFin SPX-USDT	0.5079	0.0340	get 0.0170% / 4h	1h 50m	$252K	$939K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.020%Rate

Funding earned: $50.4
Price spread: −0.020% → +0.074%: −$9.39
Slippage, 4 orders: −$170.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$156.49
Costs to cover: 1.975%
Break-even: 28.7 days

Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 31 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 Gate live order book, 1 min ago	7.87 bp	82.5 bp −$83	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 31 min ago	0.99 bp	24.2 bp −$24	47.7 bp −$477	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
Kraken Futures PF_SPXUSD	−0.1234%	1h	0.5079	−0.015%	$235K	$559K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.988%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5088	+0.152%	$117K	$319K	5x	as long as short
Variational Omni SPX	+0.0098%	4h	0.5004	−1.495%	$872K	$1.3M	—	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5076	−0.085%	$9.9M	$7.3M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5082	+0.038%	$127K	$102K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5082	+0.037%	$5.2M	$19.9M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5074	−0.118%	$11.8M	$15.5M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5070	−0.197%	$980K	$2.7M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5080	long leg	$1.1M	$475K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5084	+0.079%	$11.5M	$4.6M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5079	−0.020%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5083	+0.059%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5081	+0.020%	—	$6.9M	—	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5089	+0.177%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5071	−0.177%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5079	−0.026%	$35K	$227K	10x	as long as short
ApeX Omni SPXUSDT	+0.0338%	1h	0.5057	−0.453%	$45K	$248K	25x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5079	−0.020%	$252K	$939K	75x