Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Binance+0.306%51s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$770.773% of the position
Funding, last 7 days+0.364%+$36 on $10k
+Price spread, last 3 days (all we have)−0.445%−$44 · spread now +0.306%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.301% dearer against Binance than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 51 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 | Binance SPXUSDT | 0.5094 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $5.1M | $21.3M | 75x |
| Short | BloFin SPX-USDT | 0.5110 | 0.0340 | get 0.0170% / 4h | 3h 30m | $252K | $1.1M | 75x |
Binance SPXUSDT
BloFin SPX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $50.4
- Price spread: +0.306% → +0.005%
- $30.14
- Slippage, 4 orders
- −$55.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $3.28
- Costs to cover
- 0.773%
- Break-even
- 6.5 days
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 2 min ago.
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 Binance live order book, 11 min ago | 1.96 bp | 19.3 bp −$19 | 55.4 bp −$554 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 4.89 bp | 14.3 bp −$14 | 46.2 bp −$462 | doesn't fit | doesn't fit |
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 | −2.265% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0036% | 4h | 0.5092 | −0.043% | $847K | $1.3M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5099 | +0.086% | $127K | $314K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5093 | −0.026% | $10.0M | $7.8M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5095 | +0.005% | $129K | $110K | 10x | as long as short |
| Binance SPXUSDTlong | +0.0100% | 4h | 0.5094 | long leg | $5.1M | $21.3M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5085 | −0.185% | $11.6M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5084 | −0.204% | $964K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5089 | −0.106% | $1.1M | $513K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5092 | −0.047% | $11.2M | $4.7M | 100x | as long as short |
Injective SPX/USDC PERP
Variational Omni SPX
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5093 | −0.028% | $3.8M | $5.4M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5093 | −0.028% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5091 | −0.067% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5101 | +0.129% | $46K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5099 | +0.090% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5082 | −0.244% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5089 | −0.098% | $33K | $264K | 10x | as long as short |
| BloFin SPX-USDTshort | +0.0340% | 4h | 0.5110 | +0.306% | $252K | $1.1M | 75x | |
| Kraken Futures PF_SPXUSD | +0.0960% | 1h | 0.5103 | +0.171% | $248K | $554K | 20x | as long as short |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
Kraken Futures PF_SPXUSD