SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.019%

Price spread now: KuCoin against Orderly−0.220%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 KuCoin

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 −$2 a day on $10k at the current rate, and KuCoin is 0.220% cheaper against Orderly than usual: you would sell low and buy high (−$22 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	0.4995	0.0153	pay 0.0076% / 4h	46m 20s	$20K	$599	10x
Short	KuCoin SPXUSDTM	0.4984	0.0100	get 0.0050% / 4h	46m 20s	$3.7M	$5.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.220%Rate

Funding earned: −$11.08
Price spread: −0.220% → 0.000%: −$22.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$51.11
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago	4.01 bp	61.7 bp −$62	275.4 bp −$2,754	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	−0.320%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.4986	−0.178%	$134K	$357K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.4985	−0.200%	$10.1M	$7.4M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.4985	−0.200%	$5.0M	$21.3M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.4975	−0.400%	$11.3M	$16.3M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.4991	−0.080%	$933K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.4979	−0.320%	$991K	$558K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.4986	−0.180%	$11.9M	$4.8M	100x	as long as short
KuCoin SPXUSDTMshort	+0.0100%	4h	0.4984	−0.220%	$3.7M	$5.2M	50x
Bitget SPXUSDT	+0.0100%	4h	0.4989	−0.120%	$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	0.4977	−0.360%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.4985	−0.198%	$840K	$1.4M	—	as long as short
SunX SPX-USDT	+0.0100%	4h	0.4978	−0.340%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.4992	−0.057%	$32K	$249K	10x	as long as short
Aster SPXUSDT	+0.0120%	4h	0.4985	−0.195%	$133K	$122K	10x	as long as short
Orderly PERP_SPX_USDClong	+0.0153%	4h	0.4995	long leg	$20K	$599	10x
BloFin SPX-USDT	+0.0340%	4h	0.4982	−0.260%	$250K	$987K	75x	as long as short
ApeX Omni SPXUSDT	+0.0400%	1h	0.4987	−0.160%	$25K	$254K	25x	as long as short
Kraken Futures PF_SPXUSD	+0.1292%	1h	0.4998	+0.056%	$243K	$549K	20x	as long as short