SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.9% APRnext payment −$0.54 per $10,000 · paid last 24h −0.006%

Price spread now: Gate against Orderly−0.174%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 Gate

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 −$3 a day on $10k at the current rate, and Gate is 0.174% cheaper against Orderly than usual: you would sell low and buy high (−$17 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	0.5173	0.0208	pay 0.0104% / 4h	3h 33m	$21K	$599	10x
Short	Gate SPX_USDT	0.5164	0.0100	get 0.0050% / 4h	3h 33m	$1.0M	$583K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.174%Rate

Funding earned: −$22.73
Price spread: −0.174% → 0.000%: −$17.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$61.12
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	7.72 bp	92.1 bp −$92	doesn't fit	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	−3.750%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5175	+0.037%	$141K	$359K	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5168	−0.097%	$5.2M	$22.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5161	−0.232%	$11.8M	$16.9M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5164	−0.174%	$942K	$3.1M	20x	as long as short
Gate SPX_USDTshort	+0.0100%	4h	0.5164	−0.174%	$1.0M	$583K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5173	0.000%	$11.9M	$5.0M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5171	−0.039%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5176	+0.058%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5164	−0.174%	—	$6.9M	—	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPX	+0.0100%	4h	0.5168	−0.104%	$964K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5201	+0.541%	$26K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5165	−0.155%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5169	−0.077%	$36K	$250K	10x	as long as short
Orderly PERP_SPX_USDClong	+0.0208%	4h	0.5173	long leg	$21K	$599	10x
Aster SPXUSDT	+0.0259%	4h	0.5169	−0.068%	$138K	$129K	10x	as long as short
Hyperliquid SPX	+0.0324%	1h	0.5179	+0.110%	$10.6M	$7.8M	5x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5166	−0.135%	$252K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1214%	1h	0.5183	+0.187%	$253K	$558K	20x	as long as short