Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.012%
Price spread now: Injective against Bybit−1.269%78s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.269% cheaper against Bybit than usual: you would sell low and buy high (−$127 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 78 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 | 0.5043 | 0.0100 | pay 0.0050% / 4h | 2h 33m | $11.5M | $17.1M | 50x |
| Short | Injective SPX/USDC PERP | 0.4979 | 0.0033 | get 0.0004% / 1h | 33m 59s | $9 | $4K | 5.5x |
Bybit SPXUSDT
Injective SPX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −1.269% → 0.000%
- −$126.91
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$151.93
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 9 min ago; Injective: no order-book sample. Net counts fees only.
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, 9 min ago | 2.95 bp | 22.5 bp −$22 | 84.7 bp −$847 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | +0.0033% | 1h | 0.4979 | −1.269% | $9 | $4K | 5.5x | |
| Lighter SPX | +0.0096% | 1h | 0.5057 | +0.272% | $138K | $380K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5055 | +0.238% | $10.3M | $7.9M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5068 | +0.495% | $135K | $130K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5054 | +0.218% | $5.0M | $22.5M | 75x | as long as short |
| Bybit SPXUSDTlong | +0.0100% | 4h | 0.5043 | long leg | $11.5M | $17.1M | 50x | |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5043 | 0.000% | $928K | $3.1M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5060 | +0.337% | $1.0M | $600K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5052 | +0.178% | $11.9M | $5.1M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5067 | +0.476% | $3.7M | $5.4M | 50x | as long as short |
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5056 | +0.258% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5050 | +0.139% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5063 | +0.401% | $933K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5075 | +0.635% | $26K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5041 | −0.040% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5047 | +0.073% | $33K | $256K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0171% | 4h | 0.5061 | +0.357% | $20K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5083 | +0.793% | $250K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1453% | 1h | 0.5059 | +0.315% | $247K | $544K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
BloFin SPX-USDT
Kraken Futures PF_SPXUSD