Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%
Price spread now: Extended against Orderly−0.041%7-day average — · you buy dearer than you sell
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
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.041% cheaper against Orderly than usual: you would sell low and buy high, −$4 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 | 0.4997 | 0.0100 | pay 0.0050% / 4h | 2h 04m | $20K | $711 | 10x |
| Short | Extended SPX-USD | 0.4995 | 0.0104 | get 0.0013% / 1h | 4m 05s | $34K | $226K | 10x |
Orderly PERP_SPX_USDC
Extended SPX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.041% → 0.000%
- −$4.1
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$14.26
- Costs to cover
- 0.110%
- Break-even
- 125.8 days
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 18 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 Extended live order book, 18 min ago | 3.28 bp | 26.4 bp −$26 | 199.5 bp −$1,995 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.0416% | 1h | 0.4992 | −0.097% | $231K | $560K | 20x | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −0.360% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.4997 | +0.008% | $115K | $319K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.4996 | −0.012% | $9.7M | $7.3M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.4991 | −0.120% | $124K | $99K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.4994 | −0.065% | $4.9M | $19.6M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.4990 | −0.140% | $11.6M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.4990 | −0.140% | $967K | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.4985 | −0.240% | $1.0M | $479K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.4994 | −0.060% | $11.4M | $4.6M | 100x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Binance 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 | 0.4991 | −0.120% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.4997 | 0.000% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.4994 | −0.060% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.4978 | −0.375% | $869K | $1.3M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.4998 | +0.020% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDClong | +0.0100% | 4h | 0.4997 | long leg | $20K | $711 | 10x | |
| SunX SPX-USDT | +0.0100% | 4h | 0.4987 | −0.200% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USDshort | +0.0104% | 1h | 0.4995 | −0.041% | $34K | $226K | 10x | |
| BloFin SPX-USDT | +0.0340% | 4h | 0.4987 | −0.200% | $250K | $906K | 75x | as long as short |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
BloFin SPX-USDT