Funding you earn now, next payment 04:00 UTC−0.0066%/8h= −7.3% APRpaid last 24h 0.000%
Price spread now: Extended against Orderly−0.627%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.627% cheaper against Orderly than usual: you would sell low and buy high (−$63 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 | 0.5066 | 0.0170 | pay 0.0085% / 4h | 28m 57s | $20K | $599 | 10x |
| Short | Extended SPX-USD | 0.5034 | 0.0104 | get 0.0013% / 1h | 28m 57s | $33K | $249K | 10x |
Orderly PERP_SPX_USDC
Extended SPX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Orderly. 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
- −$13.94
- Price spread: −0.627% → 0.000%
- −$62.74
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$87.68
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 28 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 Extended live order book, 28 min ago | 3.29 bp | 32.8 bp −$33 | 221.2 bp −$2,212 | doesn't fit | 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 | −1.717% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5060 | −0.124% | $136K | $357K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5051 | −0.300% | $10.3M | $7.5M | 5x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5047 | −0.376% | $5.1M | $21.4M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5038 | −0.553% | $11.4M | $16.4M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5036 | −0.592% | $938K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5051 | −0.296% | $1.0M | $562K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5042 | −0.474% | $12.0M | $4.9M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5051 | −0.296% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5043 | −0.454% | $2.6M | $1.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5040 | −0.513% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5033 | −0.659% | $847K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5001 | −1.283% | $25K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5052 | −0.276% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USDshort | +0.0104% | 1h | 0.5034 | −0.627% | $33K | $249K | 10x | |
| Orderly PERP_SPX_USDClong | +0.0170% | 4h | 0.5066 | long leg | $20K | $599 | 10x | |
| Aster SPXUSDT | +0.0186% | 4h | 0.5058 | −0.162% | $135K | $122K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5063 | −0.059% | $249K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1274% | 1h | 0.5065 | −0.020% | $247K | $550K | 20x | as long as short |
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Aster SPXUSDT
BloFin SPX-USDT
Kraken Futures PF_SPXUSD