SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.090%

Price spread now: BloFin against KuCoin+0.177%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1971.966% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.368%+$37 on $10k

Price spread, last 3 days (all we have)−0.281%−$28 · spread now +0.177%, 7d avg +0.065%

Together, before fees+0.087%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.112% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPXUSDTM	0.5074	0.0100	pay 0.0050% / 4h	38m 50s	$3.8M	$5.3M	50x
Short	BloFin SPX-USDT	0.5083	0.0340	get 0.0170% / 4h	38m 50s	$247K	$990K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now +0.177%Rate

Funding earned: $50.4
Price spread: +0.177% → +0.065%: $11.21
Slippage, 4 orders: −$172.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$134.95
Costs to cover: 1.966%
Break-even: 25.7 days

Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 38 min ago.

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 KuCoin live order book, 4 min ago	2.96 bp	75.8 bp −$76	445.0 bp −$4,450	doesn't fit	doesn't fit
Sell BloFin live order book, 38 min ago	5.03 bp	20.8 bp −$21	41.1 bp −$411	145.2 bp −$14.5K	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
Kraken Futures PF_SPXUSD	−0.1170%	1h	0.5093	+0.367%	$242K	$560K	20x	as long as short
Variational Omni SPX	−0.0003%	4h	0.5073	−0.012%	$854K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.872%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5080	+0.124%	$117K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5080	+0.126%	$9.9M	$7.7M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5080	+0.109%	$129K	$109K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5074	+0.005%	$5.0M	$21.0M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5065	−0.177%	$11.6M	$16.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5076	+0.039%	$968K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5078	+0.079%	$1.0M	$499K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5076	+0.039%	$11.3M	$4.7M	100x	as long as short
KuCoin SPXUSDTMlong	+0.0100%	4h	0.5074	long leg	$3.8M	$5.3M	50x
Bitget SPXUSDT	+0.0100%	4h	0.5081	+0.138%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5071	−0.059%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5092	+0.355%	$46K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5086	+0.236%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5070	−0.079%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5076	+0.032%	$35K	$228K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5083	+0.177%	$247K	$990K	75x