Funding arb · Price arb / RWA

SP500

RWAAll SP500 markets →

LONGMarkets by Kinetiq▾Aftermath Perps −0.0384%Orderly −0.0163%Pacifica −0.0005%OKX 0.0000%Gate 0.0000%Bullet 0.0000%tradeXYZ +0.0005%Variational Omni +0.0016%QFEX +0.0029%Lighter +0.0032%Extended +0.0032%Injective +0.0033%AZverse +0.0040%Markets by Kinetiq +0.0046%Vest Markets +0.0046%Popdex +0.0048%Paradex +0.0050%Polymarket Perps +0.0050%SunX +0.0050%SoDEX +0.0050%HTX +0.0050%Ondo Perps +0.0050%MEXC +0.0072%Bitget +0.0451%

⇄⇅

SHORTBingX▾Bitget +0.0451%BingX +0.0436%MEXC +0.0072%Ondo Perps +0.0050%Polymarket Perps +0.0050%SunX +0.0050%SoDEX +0.0050%HTX +0.0050%Paradex +0.0050%Popdex +0.0048%Vest Markets +0.0046%AZverse +0.0040%Injective +0.0033%Lighter +0.0032%Extended +0.0032%QFEX +0.0029%Variational Omni +0.0016%tradeXYZ +0.0005%OKX 0.0000%Gate 0.0000%Bullet 0.0000%Pacifica −0.0005%Orderly −0.0163%Aftermath Perps −0.0384%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Markets by Kinetiqmkts:US500	7,622.7	+0.0046	pay 0.0006% / 1h	50m 24s	$2.1M	$923K	25x	Long Markets by Kinetiq
SHORT	BingXNCSISP5002USD-USDT	7,644.7	+0.0436	get 0.0436% / 8h	2h 50m	$975K	$4.5M	—	Short BingX

Price gap+0.289%

Funding gap+0.0390% /8h

Funding trade: +$12 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.008% in total, about +0.0004%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.289%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

Markets by KinetiqBingX

SP500 on 25 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

• ✓
  OK: Fits both order books3.7 / 5.1 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  Note: Margin at max leverage$400 + —

  Markets by Kinetiq 25x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Markets by Kinetiq · 1h−$1.37

  Short BingX · 8h+$13.08

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$11.71Long Markets by Kinetiq: 24 payments, −$1.37; short BingX: 3 payments, +$13.08.
• i
  Note: Gap at its usual level+0.289% vs +0.275%

  The price leg adds little either way.
• !
  Watch: Short leg is thinner$975K vs $2.1M OI

  BingX sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCMarkets by Kinetiq No · BingX Yes

  Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0004%/8h × 21 periods+$0.84

Price spread+0.289% → +0.275% (7d avg)+$1.34

Slippage, 4 orderslive order books−$5.51

Fee Markets by Kinetiq bp × 2 orders−$1.80

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$15.13

Costs to cover0.173%Break-even133.0 days

Slippage: Markets by Kinetiq: live order book, 6 min ago; BingX: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGMarkets by Kinetiq0.853.7 bp−$410.5 bp−$105doesn’t fitdoesn’t fit

SELL · SHORTBingX0.135.1 bp−$55.8 bp−$588.7 bp−$87122.9 bp−$11.4K

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

SP500 news

posts that mention SP500 or S&P 500, from every exchangeSearch all news →

10-24 20:00	Kalshi	Other	JUST IN: Investment firm says S&P 500 could plunge 30% if AI stocks "go bust" @Kalshi on X ↗
10-23 12:00	Bybit	Other	@Bybit_Learn Recap of market action yesterday (Thur, Oct 22): - Bitcoin -4%, biggest 1-day drop since June - S&P 500 -1.2%, biggest 1-day drop since July - Gold -2.8%, now set for biggest weekly drop since June ICYMI: @Bybit_Learn shared a warning since Tue, Oct 20: @Bybit_Official on X ↗
10-21 18:18	Markets by Kinetiq	Other	Short tail HIP-3 offerings include US500, USTECH, TLT, IWM @Markets_xyz on X ↗
10-21 17:00	Kalshi	Other	BREAKING: Ed Yardeni says the AI bubble is real, but it isn't ready to burst yet 64% chance the S&P 500 closes 2027 above $8,000 @Kalshi on X ↗
10-21 03:30	Kalshi	Other	JUST IN: Corporate earnings growth is set to slow, per Bank of America • 10 of 11 S&P 500 sectors are estimated to post lower earnings growth in Q3 than in Q2 • Consumer Discretionary slows the most — from +91% to just +2% • Financials fall from +22.3% to +2.4% @Kalshi on X ↗
10-19 21:30	Kalshi	Other	JUST IN: Goldman Sachs warns markets face higher volatility as investor positioning turns defensive S&P 500 is expected to close 2026 at approximately $7,700 @Kalshi on X ↗