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 +0.090%

Price spread now: BloFin against KuCoin+0.099%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1831.830% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.368%+$37 on $10k

Price spread, last 3 days (all we have)−0.257%−$26 · spread now +0.099%, 7d avg +0.064%

Together, before fees+0.110%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.036% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPXUSDTM	0.5026	0.0100	pay 0.0050% / 4h	1h 29m	$3.8M	$5.2M	50x
Short	BloFin SPX-USDT	0.5031	0.0340	get 0.0170% / 4h	1h 29m	$257K	$930K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.099%Rate

Funding earned: $50.4
Price spread: +0.099% → +0.064%: $3.6
Slippage, 4 orders: −$159
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$129
Costs to cover: 1.830%
Break-even: 24.9 days

Slippage from KuCoin: live order book, 3 min ago; BloFin: live order book, 53 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 KuCoin live order book, 3 min ago	2.97 bp	97.3 bp −$97	431.9 bp −$4,319	doesn't fit	doesn't fit
Sell BloFin live order book, 53 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	−0.1246%	1h	0.5032	+0.127%	$233K	$552K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.935%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0048%	4h	0.5031	+0.107%	$850K	$1.3M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5041	+0.302%	$116K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5036	+0.207%	$9.8M	$7.3M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5033	+0.147%	$127K	$103K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5035	+0.172%	$5.1M	$20.0M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5019	−0.139%	$11.7M	$15.5M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5031	+0.099%	$983K	$2.7M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5027	+0.020%	$1.0M	$477K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5034	+0.159%	$11.3M	$4.6M	100x	as long as short
KuCoin SPXUSDTMlong	+0.0100%	4h	0.5026	long leg	$3.8M	$5.2M	50x
Bitget SPXUSDT	+0.0100%	4h	0.5034	+0.159%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5025	−0.020%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5055	+0.577%	$45K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5043	+0.338%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5024	−0.040%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5035	+0.171%	$34K	$228K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5031	+0.099%	$257K	$930K	75x