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: Binance against BloFin−0.242%81s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as 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−$840.840% of the position
Funding, last 7 days−0.364%−$36 on $10k
+Price spread, last 4 days (all we have)+0.535%+$53 · spread now −0.242%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.246% cheaper against BloFin than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 81 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 | BloFin SPX-USDT | 0.5029 | 0.0340 | pay 0.0170% / 4h | 19m 47s | $248K | $1.0M | 75x |
| Short | Binance SPXUSDT | 0.5017 | 0.0100 | get 0.0050% / 4h | 19m 47s | $5.0M | $21.4M | 75x |
BloFin SPX-USDT
Binance SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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: −0.242% → +0.003%
- −$24.56
- Slippage, 4 orders
- −$61.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$158.92
- Costs to cover
- 0.840%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Binance: live order book, 6 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 BloFin live order book, 2 min ago | 6.96 bp | 22.5 bp −$23 | 43.3 bp −$433 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.97 bp | 25.3 bp −$25 | 62.8 bp −$628 | 517.3 bp −$51.7K | 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 | −0.994% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5021 | −0.157% | $135K | $357K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5021 | −0.163% | $10.2M | $7.5M | 5x | as long as short |
| Binance SPXUSDTshort | +0.0100% | 4h | 0.5017 | −0.242% | $5.0M | $21.4M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5009 | −0.398% | $11.3M | $16.3M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5013 | −0.318% | $932K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5010 | −0.378% | $999K | $563K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5017 | −0.239% | $11.7M | $4.9M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5018 | −0.219% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5018 | −0.219% | $2.6M | $1.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5016 | −0.259% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5009 | −0.396% | $844K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5041 | +0.239% | $25K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5008 | −0.418% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5018 | −0.225% | $33K | $245K | 10x | as long as short |
| Aster SPXUSDT | +0.0148% | 4h | 0.5017 | −0.239% | $134K | $122K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0164% | 4h | 0.5025 | −0.080% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDTlong | +0.0340% | 4h | 0.5029 | long leg | $248K | $1.0M | 75x | |
| Kraken Futures PF_SPXUSD | +0.1285% | 1h | 0.5024 | −0.095% | $245K | $550K | 20x | as long as short |
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Aster SPXUSDT
Orderly PERP_SPX_USDC
Kraken Futures PF_SPXUSD