SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0123%/8h= −13.5% APRnext payment −$0.62 per $10,000 · paid last 24h −0.005%

Price spread now: SunX against Orderly−0.329%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 SunX

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 −$4 a day on $10k at the current rate, and SunX is 0.329% cheaper against Orderly than usual: you would sell low and buy high (−$33 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	0.5165	0.0223	pay 0.0112% / 4h	3h 10m	$20K	$599	10x
Short	SunX SPX-USDT	0.5148	0.0100	get 0.0050% / 4h	3h 10m	$8K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.329%Rate

Funding earned: −$25.92
Price spread: −0.329% → 0.000%: −$32.91
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$72.83
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago	31.94 bp	114.7 bp −$115	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	−3.601%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5160	−0.106%	$151K	$370K	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5155	−0.194%	$5.2M	$22.3M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5145	−0.387%	$11.7M	$17.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5145	−0.387%	$935K	$3.1M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5150	−0.290%	$1.0M	$592K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5155	−0.194%	$12.0M	$5.1M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5156	−0.174%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5157	−0.155%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5162	−0.058%	—	$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	0.5148	−0.328%	$950K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5179	+0.271%	$26K	$254K	25x	as long as short
SunX SPX-USDTshort	+0.0100%	4h	0.5148	−0.329%	$8K	$1.7M	20x
Extended SPX-USD	+0.0104%	1h	0.5144	−0.405%	$34K	$252K	10x	as long as short
Hyperliquid SPX	+0.0140%	1h	0.5159	−0.110%	$10.5M	$7.8M	5x	as long as short
Aster SPXUSDT	+0.0166%	4h	0.5165	+0.010%	$138K	$130K	10x	as long as short
Orderly PERP_SPX_USDClong	+0.0223%	4h	0.5165	long leg	$20K	$599	10x
BloFin SPX-USDT	+0.0340%	4h	0.5158	−0.136%	$252K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1218%	1h	0.5165	+0.005%	$252K	$546K	20x	as long as short