Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Binance against Orderly+0.117%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.117% dearer against Orderly than usual: you sell high and buy low, +$12 on $10k if it 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 | Orderly PERP_SPX_USDC | 0.5130 | 0.0100 | pay 0.0050% / 4h | 3h 37m | $20K | $599 | 10x |
| Short | Binance SPXUSDT | 0.5136 | 0.0100 | get 0.0050% / 4h | 3h 37m | $5.1M | $23.9M | 75x |
Orderly PERP_SPX_USDC
Binance SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.117% → 0.000%
- $11.7
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$4.3
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 4 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 3.90 bp | 18.3 bp −$18 | 62.8 bp −$628 | doesn't fit | doesn't fit |
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 | −2.943% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0079% | 4h | 0.5119 | −0.221% | $954K | $1.6M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5135 | +0.094% | $141K | $406K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5136 | +0.111% | $10.4M | $8.4M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5131 | +0.022% | $137K | $93K | 10x | as long as short |
| Binance SPXUSDTshort | +0.0100% | 4h | 0.5136 | +0.117% | $5.1M | $23.9M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5124 | −0.117% | $11.8M | $17.9M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5128 | −0.039% | $980K | $3.4M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5125 | −0.097% | $1.0M | $646K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5133 | +0.058% | $11.7M | $5.0M | 100x | as long as short |
Injective SPX/USDC PERP
Variational Omni SPX
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5127 | −0.058% | $3.7M | $5.5M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5138 | +0.156% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5129 | −0.019% | — | $7.0M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5135 | +0.097% | $26K | $249K | 25x | as long as short |
| Orderly PERP_SPX_USDClong | +0.0100% | 4h | 0.5130 | long leg | $20K | $599 | 10x | |
| SunX SPX-USDT | +0.0100% | 4h | 0.5113 | −0.331% | $8K | $1.8M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5131 | +0.022% | $46K | $314K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5127 | −0.058% | $250K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1468% | 1h | 0.5144 | +0.278% | $260K | $553K | 20x | as long as short |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT
Kraken Futures PF_SPXUSD