Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: Binance against Bybit+0.160%7-day average +0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$810.813% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days+0.021%+$2 · spread now +0.160%, 7d avg +0.141%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPXUSDT | 0.5014 | 0.0100 | pay 0.0050% / 4h | 22m 16s | $11.3M | $16.3M | 50x |
| Short | Binance SPXUSDT | 0.5022 | 0.0100 | get 0.0050% / 4h | 22m 16s | $5.0M | $21.4M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: +0.160% → +0.141%
- $1.87
- Slippage, 4 orders
- −$60.27
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$79.39
- Costs to cover
- 0.813%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: 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 Bybit live order book, 1 min ago | 2.99 bp | 18.7 bp −$19 | 61.4 bp −$614 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 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 | −0.698% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5027 | +0.253% | $135K | $357K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5027 | +0.263% | $10.2M | $7.5M | 5x | as long as short |
| Binance SPXUSDTshort | +0.0100% | 4h | 0.5022 | +0.160% | $5.0M | $21.4M | 75x | |
| Bybit SPXUSDTlong | +0.0100% | 4h | 0.5014 | long leg | $11.3M | $16.3M | 50x | |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5018 | +0.080% | $933K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5021 | +0.140% | $1.0M | $563K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5021 | +0.140% | $11.7M | $4.9M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5023 | +0.179% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5026 | +0.239% | $2.6M | $1.4M | 50x | as long as short |
Show all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5015 | +0.020% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5028 | +0.271% | $846K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5041 | +0.538% | $25K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5016 | +0.040% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5022 | +0.154% | $33K | $245K | 10x | as long as short |
| Aster SPXUSDT | +0.0160% | 4h | 0.5028 | +0.271% | $134K | $122K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0167% | 4h | 0.5032 | +0.359% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5032 | +0.359% | $247K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1283% | 1h | 0.5030 | +0.316% | $245K | $550K | 20x | as long as short |
Bybit SPXUSDT
Binance SPXUSDT
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Aster SPXUSDT
BloFin SPX-USDT
Kraken Futures PF_SPXUSD