Funding you earn now, next payment 07:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.006%
Price spread now: Orderly against ApeX Omni−0.367%70s7-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
=Together, before fees—needs both histories
Funding pays, the price is against you. Orderly is 0.367% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.367% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 16 days of funding at the current rate (+$2 a day). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPXUSDT | 0.5173 | 0.0100 | pay 0.0013% / 1h | 1m 47s | $26K | $254K | 25x |
| Short | Orderly PERP_SPX_USDC | 0.5154 | 0.0175 | get 0.0087% / 4h | 1h 01m | $20K | $599 | 10x |
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against ApeX Omni. 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
- $15.7
- Price spread: −0.367% → 0.000%
- −$36.73
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$37.03
- Costs to cover
- 0.160%
- Break-even
- 23.5 days
Slippage unknown: ApeX Omni: live order book, 40 min ago; Orderly: no order-book sample. 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 ApeX Omni live order book, 40 min ago | 7.74 bp | 15.7 bp −$16 | 90.7 bp −$907 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | 0.5153 | −0.389% | $140K | $405K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5151 | −0.427% | $10.4M | $8.3M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5148 | −0.482% | $137K | $93K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5148 | −0.483% | $5.2M | $23.7M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5143 | −0.580% | $11.8M | $17.7M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5140 | −0.638% | $970K | $3.4M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5145 | −0.541% | $1.0M | $653K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5151 | −0.425% | $11.9M | $5.4M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5148 | −0.483% | $3.7M | $5.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5152 | −0.406% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5145 | −0.541% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5176 | +0.050% | $1.0M | $1.6M | — | as long as short |
| ApeX Omni SPXUSDTlong | +0.0100% | 1h | 0.5173 | long leg | $26K | $254K | 25x | |
| SunX SPX-USDT | +0.0100% | 4h | 0.5133 | −0.773% | $8K | $1.8M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5145 | −0.550% | $33K | $243K | 10x | as long as short |
| Orderly PERP_SPX_USDCshort | +0.0175% | 4h | 0.5154 | −0.367% | $20K | $599 | 10x | |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5153 | −0.387% | $257K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1605% | 1h | 0.5160 | −0.253% | $256K | $555K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT
Kraken Futures PF_SPXUSD