SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.019%

Price spread now: Orderly against KuCoin+0.159%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 +$1 a day on $10k at the current rate, and Orderly is 0.159% dearer against KuCoin than usual: you sell high and buy low: +$16 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	KuCoin SPXUSDTM	0.5044	0.0100	pay 0.0050% / 4h	1h 34m	$3.7M	$5.3M	50x
Short	Orderly PERP_SPX_USDC	0.5052	0.0140	get 0.0070% / 4h	1h 34m	$20K	$599	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.159%Rate

Funding earned: $8.43
Price spread: +0.159% → 0.000%: $15.86
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.29
Costs to cover: 0.180%
Break-even: 1.8 days

Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	2.97 bp	118.7 bp −$119	463.1 bp −$4,631	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	−1.289%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5051	+0.145%	$135K	$359K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5048	+0.075%	$10.1M	$7.4M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5048	+0.081%	$5.1M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5042	−0.040%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5041	−0.059%	$943K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5043	−0.020%	$1.0M	$556K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5047	+0.059%	$11.9M	$4.7M	100x	as long as short
KuCoin SPXUSDTMlong	+0.0100%	4h	0.5044	long leg	$3.7M	$5.3M	50x
Bitget SPXUSDT	+0.0100%	4h	0.5045	+0.020%	$2.6M	$1.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.5044	0.000%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5052	+0.149%	$885K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5051	+0.139%	$45K	$243K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5041	−0.059%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5044	−0.007%	$34K	$251K	10x	as long as short
Aster SPXUSDT	+0.0126%	4h	0.5049	+0.091%	$128K	$111K	10x	as long as short
Orderly PERP_SPX_USDCshort	+0.0140%	4h	0.5052	+0.159%	$20K	$599	10x
BloFin SPX-USDT	+0.0340%	4h	0.5065	+0.416%	$256K	$1.1M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1428%	1h	0.5051	+0.147%	$250K	$544K	20x	as long as short