SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.21 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against Orderly−0.085%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Binance

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.085% cheaper against Orderly than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPX_USDC	0.5062	0.0143	pay 0.0072% / 4h	1h 17m	$20K	$599	10x
Short	Binance SPXUSDT	0.5058	0.0100	get 0.0050% / 4h	1h 17m	$5.1M	$21.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now −0.085%Rate

Funding earned: −$9.03
Price spread: −0.085% → 0.000%: −$8.49
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.52
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 9 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.99 bp	21.0 bp −$21	62.4 bp −$624	445.9 bp −$44.6K	doesn't fit

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	−1.640%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5061	−0.022%	$136K	$359K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5065	+0.051%	$10.2M	$7.4M	5x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.5058	−0.085%	$5.1M	$21.1M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5057	−0.099%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5060	−0.040%	$943K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5050	−0.237%	$1.0M	$559K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5056	−0.119%	$11.9M	$4.8M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5056	−0.119%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5061	−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	0.5058	−0.079%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5071	+0.169%	$885K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5082	+0.395%	$25K	$253K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5044	−0.356%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5055	−0.135%	$33K	$250K	10x	as long as short
Aster SPXUSDT	+0.0140%	4h	0.5051	−0.208%	$128K	$111K	10x	as long as short
Orderly PERP_SPX_USDClong	+0.0143%	4h	0.5062	long leg	$20K	$599	10x
BloFin SPX-USDT	+0.0340%	4h	0.5055	−0.138%	$254K	$988K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1424%	1h	0.5064	+0.048%	$251K	$544K	20x	as long as short