SPX

Alert

Funding spread now, next payment 19:00 UTC−0.0356%/8h

paid, last 24h−0.083%paid, last 7 days−0.149%to open and close $10k−$259

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.7% 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	Hyperliquid SPX	0.5023	0.0456	pay 0.0057% / 1h	42m 13s	$9.4M	$5.8M	5x
Short	SunX SPX-USDT	0.5006	0.0100	get 0.0050% / 4h	1h 42m	$8K	$1.5M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee SunXbpOrdersRate

Funding earned: −$74.85
Slippage, 4 orders: −$240.34
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 5 bp × 2 orders: −$10
Net: −$334.19
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; SunX: live order book, 9 min ago.

Price risk

price view

Price gap now: −0.332%
Avg gap 7d: −0.295%

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 Hyperliquid live order book, 12 min ago	2.90 bp	23.1 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	31.03 bp	113.9 bp −$114	doesn't fit	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
Variational Omni SPX	−0.0161%	4h	$830K	$1.2M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	$119K	$295K	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	$131K	$81K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	$4.8M	$17.3M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	$11.4M	$14.4M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	$973K	$2.3M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	$1.0M	$413K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	$10.5M	$4.4M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	$3.7M	$5.1M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	$2.6M	$1.3M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	$45K	$245K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	$19K	$200	10x	as long as short
SunX SPX-USDTshort	+0.0100%	4h	$8K	$1.5M	20x
Extended SPX-USD	+0.0104%	1h	$34K	$218K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	$249K	$920K	75x	as long as short
Hyperliquid SPXlong	+0.0456%	1h	$9.4M	$5.8M	5x
Kraken Futures PF_SPXUSD	+0.0957%	1h	$242K	$363K	20x	as long as short