SPX

Alert

Funding spread now, next payment 20:00 UTC−0.0554%/8h

next payment, per $10,000−$2.77paid, last 24h+0.017%paid, last 7 days−0.008%to open and close $10k−$352

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.77 per $10,000. 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	KuCoin SPXUSDTM	0.5052	−0.0036	get 0.0018% / 4h	3h 50m	$3.8M	$5.0M	50x
Short	Gate SPX_USDT	0.5050	−0.0590	pay 0.0295% / 4h	3h 50m	$1.0M	$362K	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersRate

Funding earned: −$116.34
Slippage, 4 orders: −$324.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$468.2
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.040%
Avg gap 7d: −0.044%

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 KuCoin live order book, 4 min ago	1.96 bp	80.7 bp −$81	441.9 bp −$4,419	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.88 bp	121.0 bp −$121	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
ApeX Omni SPXUSDT	−0.0725%	1h	$49K	$247K	25x	as long as short
Gate SPX_USDTshort	−0.0590%	4h	$1.0M	$362K	50x
Variational Omni SPX	−0.0397%	4h	$829K	$420K	—	as long as short
Bybit SPXUSDT	−0.0371%	4h	$11.5M	$11.8M	50x	as long as short
KuCoin SPXUSDTMlong	−0.0036%	4h	$3.8M	$5.0M	50x
Injective SPX/USDC PERP	+0.0033%	1h	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	$137K	$251K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	$8.8M	$5.0M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	$133K	$79K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	$4.9M	$14.5M	75x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX SPX-USDT-SWAP	+0.0100%	4h	$991K	$2.0M	20x	as long as short
MEXC SPX_USDT	+0.0100%	4h	$9.4M	$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
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	$211K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	$265K	$882K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1292%	1h	$258K	$314K	20x	as long as short