Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against OKX−0.100%53s7-day average +0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1081.085% of the position
Funding, last 7 days+0.350%+$35 on $10k
+Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.100%, 7d avg +0.155%
=Funding pays, the price is against you. BloFin is 0.255% cheaper against OKX than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of +0.155%). If the spread goes back, that is −$25 on $10k: about 3.5 days of funding at the current rate (+$7 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SPX-USDT-SWAP | 0.5018 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $977K | $2.6M | 20x |
| Short | BloFin SPX-USDT | 0.5013 | 0.0340 | get 0.0170% / 4h | 2h 30m | $251K | $910K | 75x |
OKX SPX-USDT-SWAP
BloFin SPX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $50.4
- Price spread: −0.100% → +0.155%
- −$25.47
- Slippage, 4 orders
- −$86.46
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$83.52
- Costs to cover
- 1.085%
- Break-even
- 18.6 days
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 56 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 OKX live order book, 2 min ago | 3.99 bp | 29.0 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 56 min ago | 2.93 bp | 16.6 bp −$17 | 41.8 bp −$418 | 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 | −0.0414% | 1h | 0.5014 | −0.073% | $232K | $560K | 20x | as long as short |
| Variational Omni SPX | +0.0030% | 4h | 0.5009 | −0.184% | $842K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −0.777% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5017 | −0.024% | $115K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5019 | +0.014% | $9.8M | $7.2M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5018 | +0.009% | $124K | $97K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5016 | −0.040% | $5.0M | $19.5M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5010 | −0.159% | $11.6M | $15.4M | 50x | as long as short |
| OKX SPX-USDT-SWAPlong | +0.0100% | 4h | 0.5018 | long leg | $977K | $2.6M | 20x | |
| Gate SPX_USDT | +0.0100% | 4h | 0.5012 | −0.120% | $1.0M | $476K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Variational Omni SPX
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
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 | 0.5015 | −0.060% | $11.5M | $4.5M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5016 | −0.040% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5019 | +0.020% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5015 | −0.060% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5009 | −0.179% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5024 | +0.120% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5009 | −0.179% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5014 | −0.072% | $34K | $226K | 10x | as long as short |
| BloFin SPX-USDTshort | +0.0340% | 4h | 0.5013 | −0.100% | $251K | $910K | 75x |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD