SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against OKX+0.195%7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1341.343% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.364%+$36 on $10k

Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.195%, 7d avg +0.158%

Together, before fees+0.194%+$19 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 0.037% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPX-USDT-SWAP	0.5133	0.0100	pay 0.0050% / 4h	3h 05m	$972K	$2.9M	20x
Short	BloFin SPX-USDT	0.5143	0.0340	get 0.0170% / 4h	3h 05m	$254K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.195%Rate

Funding earned: $50.4
Price spread: +0.195% → +0.158%: $3.68
Slippage, 4 orders: −$112.29
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$80.21
Costs to cover: 1.343%
Break-even: 18.1 days

Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 2 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 OKX live order book, 2 min ago	2.92 bp	50.5 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	8.76 bp	21.4 bp −$21	66.5 bp −$665	doesn't fit	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−3.000%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0060%	4h	0.5108	−0.486%	$854K	$1.3M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5139	+0.121%	$128K	$334K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5141	+0.158%	$10.1M	$7.6M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5123	−0.202%	$129K	$110K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5138	+0.097%	$5.1M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5128	−0.097%	$11.6M	$16.0M	50x	as long as short
OKX SPX-USDT-SWAPlong	+0.0100%	4h	0.5133	long leg	$972K	$2.9M	20x
Gate SPX_USDT	+0.0100%	4h	0.5134	+0.019%	$1.1M	$521K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5138	+0.097%	$11.4M	$4.8M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5132	−0.019%	$3.8M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5142	+0.175%	$2.7M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5134	+0.019%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5119	−0.273%	$46K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5147	+0.273%	$20K	$599	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5132	−0.019%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5137	+0.072%	$33K	$264K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5143	+0.195%	$254K	$1.1M	75x
Kraken Futures PF_SPXUSD	+0.0951%	1h	0.5150	+0.340%	$250K	$550K	20x	as long as short