SPX

Alert: funding

Alert: spread

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 BingX+0.373%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$880.882% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.364%+$36 on $10k

Price spread, last 3 days (all we have)−0.464%−$46 · spread now +0.373%, 7d avg +0.081%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.291% dearer against BingX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPX-USDT	0.5097	0.0100	pay 0.0050% / 4h	3h 33m	—	$6.8M	—
Short	BloFin SPX-USDT	0.5116	0.0340	get 0.0170% / 4h	3h 33m	$251K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.373%Rate

Funding earned: $50.4
Price spread: +0.373% → +0.081%: $29.13
Slippage, 4 orders: −$66.24
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8.71
Costs to cover: 0.882%
Break-even: 8.2 days

Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 4 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 BingX live order book, 5 min ago	9.80 bp	27.1 bp −$27	56.3 bp −$563	497.2 bp −$49.7K	1215.6 bp −$607.8K
Sell BloFin live order book, 4 min ago	5.87 bp	24.4 bp −$24	41.7 bp −$417	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	−2.315%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0045%	4h	0.5114	+0.338%	$851K	$1.3M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5109	+0.232%	$127K	$314K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5105	+0.155%	$10.0M	$7.8M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5109	+0.233%	$129K	$110K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5104	+0.146%	$5.1M	$21.3M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5094	−0.059%	$11.6M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5093	−0.078%	$966K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5104	+0.137%	$1.1M	$512K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5104	+0.137%	$11.2M	$4.7M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5108	+0.216%	$3.8M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5101	+0.078%	$2.7M	$1.4M	50x	as long as short
BingX SPX-USDTlong	+0.0100%	4h	0.5097	long leg	—	$6.8M	—
ApeX Omni SPXUSDT	+0.0100%	1h	0.5104	+0.137%	$46K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5111	+0.275%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5093	−0.078%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5100	+0.068%	$33K	$273K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5116	+0.373%	$251K	$1.1M	75x
Kraken Futures PF_SPXUSD	+0.0958%	1h	0.5111	+0.272%	$248K	$554K	20x	as long as short