SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.2% APRnext payment +$0.28 per $10,000 · paid last 24h +0.019%

Price spread now: Orderly against KuCoin+0.201%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.201% dearer against KuCoin than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPXUSDTM	0.4979	0.0100	pay 0.0050% / 4h	37m 50s	$3.6M	$5.2M	50x
Short	Orderly PERP_SPX_USDC	0.4989	0.0156	get 0.0078% / 4h	37m 50s	$20K	$599	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.201%Rate

Funding earned: $11.8
Price spread: +0.201% → 0.000%: $20.08
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $13.89
Costs to cover: 0.180%
Break-even: from the start

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

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, 5 min ago	3.01 bp	77.2 bp −$77	470.8 bp −$4,708	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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: 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	0.000%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.4983	+0.078%	$134K	$357K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.4987	+0.157%	$10.1M	$7.4M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.4983	+0.072%	$5.0M	$21.4M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.4979	0.000%	$11.3M	$16.3M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.4982	+0.060%	$930K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.4974	−0.100%	$991K	$558K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.4982	+0.060%	$11.9M	$4.9M	100x	as long as short
KuCoin SPXUSDTMlong	+0.0100%	4h	0.4979	long leg	$3.6M	$5.2M	50x
Bitget SPXUSDT	+0.0100%	4h	0.4985	+0.121%	$2.6M	$1.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.4983	+0.080%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.4980	+0.022%	$839K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.4988	+0.181%	$25K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.4973	−0.121%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.4983	+0.085%	$32K	$249K	10x	as long as short
Aster SPXUSDT	+0.0124%	4h	0.4978	−0.018%	$133K	$122K	10x	as long as short
Orderly PERP_SPX_USDCshort	+0.0156%	4h	0.4989	+0.201%	$20K	$599	10x
BloFin SPX-USDT	+0.0340%	4h	0.4986	+0.141%	$249K	$988K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1295%	1h	0.4985	+0.127%	$243K	$550K	20x	as long as short