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 +0.080%

Price spread now: BloFin against Bybit+0.735%462s7-day average +0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as 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−$920.922% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.422%+$42 on $10k

Price spread, last 3 days (all we have)−0.695%−$69 · spread now +0.735%, 7d avg +0.156%

Together, before fees−0.273%−$27 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 0.579% dearer against Bybit than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of +0.156%. The two prices were read 462 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	Bybit SPXUSDT	0.5034	0.0100	pay 0.0050% / 4h	2h 41m	$11.4M	$16.2M	50x
Short	BloFin SPX-USDT	0.5071	0.0340	get 0.0170% / 4h	2h 41m	$257K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.735%Rate

Funding earned: $50.4
Price spread: +0.735% → +0.156%: $57.94
Slippage, 4 orders: −$69.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $16.09
Costs to cover: 0.922%
Break-even: 4.8 days

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 11 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, 2 min ago	3.96 bp	21.7 bp −$22	77.0 bp −$770	doesn't fit	doesn't fit
Sell BloFin live order book, 11 min ago	3.95 bp	30.3 bp −$30	68.7 bp −$687	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	−1.093%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0081%	4h	0.5028	−0.125%	$841K	$1.3M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5039	+0.093%	$136K	$358K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5046	+0.244%	$10.0M	$7.7M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5054	+0.393%	$128K	$111K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5042	+0.158%	$5.1M	$21.4M	75x	as long as short
Bybit SPXUSDTlong	+0.0100%	4h	0.5034	long leg	$11.4M	$16.2M	50x
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5038	+0.079%	$949K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5034	0.000%	$1.0M	$549K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5037	+0.060%	$11.1M	$4.8M	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	0.5035	+0.020%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5038	+0.079%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5035	+0.020%	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5064	+0.596%	$45K	$246K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5036	+0.040%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5038	+0.075%	$37K	$261K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0109%	4h	0.5043	+0.179%	$20K	$599	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5071	+0.735%	$257K	$1.1M	75x
Kraken Futures PF_SPXUSD	+0.1181%	1h	0.5057	+0.452%	$247K	$553K	20x	as long as short