SPX

Alert

Funding spread now, next payment 17:00 UTC+0.3764%/8h

paid, last 24h+0.040%paid, last 5 days+0.019%to open and close $10k−$62

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.019% in total (about 1.4% 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	Bybit SPXUSDT	0.5123	−0.3668	get 0.1834% / 4h	3h 56m	$11.7M	$11.7M	50x
Short	Lighter SPX	0.5130	0.0096	get 0.0012% / 1h	56m 45s	$139K	$251K	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee LighterbpOrdersRate

Funding earned: $790.43
Slippage, 4 orders: −$50.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: $728.59
Break-even: 0.5 days

Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 35 min ago.

Price risk

price view

Price gap now: +0.137%
Avg gap 7d: +0.186%

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 Bybit live order book, 3 min ago	0.97 bp	21.7 bp −$22	58.6 bp −$586	doesn't fit	doesn't fit
Sell Lighter live order book, 35 min ago	5.01 bp	10.7 bp −$11	66.0 bp −$660	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
Bybit SPXUSDTlong	−0.3668%	4h	$11.7M	$11.7M	50x
Gate SPX_USDT	−0.1314%	4h	$1.0M	$360K	50x	as long as short
Variational Omni SPX	−0.0288%	4h	$833K	$408K	—	as long as short
KuCoin SPXUSDTM	−0.0022%	4h	$3.8M	$5.0M	50x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	$9	$4K	5.5x	as long as short
Lighter SPXshort	+0.0096%	1h	$139K	$251K	5x
Hyperliquid SPX	+0.0100%	1h	$9.0M	$5.0M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	$135K	$79K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	$5.0M	$14.3M	75x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	$1.0M	$2.0M	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	$9.6M	$4.0M	100x	as long as short
Bitget SPXUSDT	+0.0100%	4h	$2.7M	$1.1M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	—	$6.7M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	$50K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	$20K	$200	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	$8K	$1.3M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	$35K	$209K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	$263K	$888K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1278%	1h	$259K	$311K	20x	as long as short