Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.009%
Price spread now: Bybit against Extended+0.133%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1241.242% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.133%, 7d avg −0.041%
=Together, before fees−0.241%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.175% dearer against Extended than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX-USD | 0.5189 | 0.0104 | pay 0.0013% / 1h | 13m 12s | $34K | $258K | 10x |
| Short | Bybit SPXUSDT | 0.5196 | 0.0100 | get 0.0050% / 4h | 2h 13m | $11.8M | $17.4M | 50x |
Extended SPX-USD
Bybit SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$0.84
- Price spread: +0.133% → −0.041%
- $17.46
- Slippage, 4 orders
- −$108.22
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$107.59
- Costs to cover
- 1.242%
- Break-even
- never at this rate
Slippage from Extended: live order book, 34 min ago; Bybit: live order book, just now.
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 Extended live order book, 34 min ago | 3.53 bp | 42.0 bp −$42 | 246.1 bp −$2,461 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 3.85 bp | 29.9 bp −$30 | 85.3 bp −$853 | 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 | −4.049% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5197 | +0.156% | $151K | $389K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5191 | +0.041% | $10.6M | $8.0M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5197 | +0.160% | $139K | $92K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5197 | +0.158% | $5.1M | $22.9M | 75x | as long as short |
| Bybit SPXUSDTshort | +0.0100% | 4h | 0.5196 | +0.133% | $11.8M | $17.4M | 50x | |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5206 | +0.326% | $978K | $3.3M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5187 | −0.040% | $1.0M | $640K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5177 | −0.233% | $11.9M | $5.2M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5180 | −0.175% | $3.8M | $5.4M | 50x | as long as short |
Injective SPX/USDC PERP
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 | 0.5180 | −0.175% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5180 | −0.175% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5145 | −0.847% | $947K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5209 | +0.384% | $27K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5187 | −0.040% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USDlong | +0.0104% | 1h | 0.5189 | long leg | $34K | $258K | 10x | |
| Orderly PERP_SPX_USDC | +0.0194% | 4h | 0.5201 | +0.230% | $21K | $599 | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5200 | +0.210% | $245K | $1.1M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1412% | 1h | 0.5208 | +0.360% | $254K | $553K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Orderly PERP_SPX_USDC
BloFin SPX-USDT
Kraken Futures PF_SPXUSD