SPX

Alert

Funding spread now, next payment 19:00 UTC+0.0227%/8h

paid, last 24h+0.090%paid, last 7 days+0.149%to open and close $10k−$81

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPXUSDT	0.4956	0.0100	pay 0.0050% / 4h	1h 59m	$2.5M	$1.2M	50x
Short	Hyperliquid SPX	0.4967	0.0327	get 0.0041% / 1h	59m 55s	$9.1M	$5.7M	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee HyperliquidbpOrdersRate

Funding earned: $47.61
Slippage, 4 orders: −$59.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$33.19
Break-even: 11.9 days

Slippage from Bitget: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.230%
Avg gap 7d: +0.124%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Bitget live order book, 4 min ago	9.14 bp	27.8 bp −$28	90.6 bp −$906	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.93 bp	14.8 bp −$15	doesn't fit	doesn't fit	doesn't fit

SPX on 19 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni SPX	−0.0187%	4h	$816K	$1.2M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	$118K	$294K	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	$129K	$81K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	$4.7M	$17.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	$11.3M	$14.3M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	$975K	$2.3M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	$988K	$409K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	$10.1M	$4.5M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	$3.7M	$5.1M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget SPXUSDTlong	+0.0100%	4h	$2.5M	$1.2M	50x
BingX SPX-USDT	+0.0100%	4h	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	$44K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	$19K	$200	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	$8K	$1.5M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	$34K	$218K	10x	as long as short
Hyperliquid SPXshort	+0.0327%	1h	$9.1M	$5.7M	5x
BloFin SPX-USDT	+0.0340%	4h	$255K	$932K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1654%	1h	$238K	$355K	20x	as long as short