SPX

Alert

Funding spread now, next payment 16:00 UTC+0.0067%/8h

next payment, per $10,000+$0.08paid, last 24h+0.113%paid, last 4 days+0.322%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SPX/USDC PERP	0.4979	0.0033	pay 0.0004% / 1h	18m 26s	$9	$4K	5.5x
Short	Hyperliquid SPX	0.5046	0.0100	get 0.0013% / 1h	18m 26s	$8.7M	$4.9M	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee HyperliquidbpOrdersRate

Funding earned: $14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $4.98
Break-even: 4.5 days

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +1.346%
Avg gap 7d: —

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 Injective no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 5 min ago	2.57 bp	20.5 bp −$21	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni SPX	−0.0179%	4h	$820K	$400K	—	as long as short
KuCoin SPXUSDTM	−0.0086%	4h	$3.8M	$5.0M	50x	as long as short
Injective SPX/USDC PERPlong	+0.0033%	1h	$9	$4K	5.5x
Gate SPX_USDT	+0.0050%	4h	$1.0M	$379K	50x	as long as short
Bybit SPXUSDT	+0.0091%	4h	$11.7M	$11.4M	50x	as long as short
Lighter SPX	+0.0096%	1h	$116K	$241K	5x	as long as short
Hyperliquid SPXshort	+0.0100%	1h	$8.7M	$4.9M	5x
Aster SPXUSDT	+0.0100%	4h	$133K	$79K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	$4.8M	$13.8M	75x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	$995K	$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	$9.2M	$4.2M	100x	as long as short
Bitget SPXUSDT	+0.0100%	4h	$2.6M	$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	$49K	$247K	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	$34K	$208K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	$265K	$876K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.0857%	1h	$253K	$301K	20x	as long as short