SPX

Alert: funding

Alert: spread

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

Price spread now: BloFin against SunX0.000%7-day average +0.190% · you sell dearer than you buy

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$281as in the Price arb table

costs, in and out, $10k−$2622.616% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.350%+$35 on $10k

Price spread, last 3 days (all we have)+0.184%+$18 · spread now 0.000%, 7d avg +0.190%

Together, before fees+0.533%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.190% cheaper against SunX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.190%). If the spread goes back, that is −$19 on $10k: about 2.6 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPX-USDT	0.5041	0.0100	pay 0.0050% / 4h	22m 22s	$8K	$1.7M	20x
Short	BloFin SPX-USDT	0.5041	0.0340	get 0.0170% / 4h	22m 22s	$248K	$992K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $50.4
Price spread: 0.000% → +0.190%: −$19.01
Slippage, 4 orders: −$241.63
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$230.24
Costs to cover: 2.616%
Break-even: 39.0 days

Slippage from SunX: live order book, 3 min ago; BloFin: live order book, 55 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 SunX live order book, 3 min ago	34.73 bp	110.1 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 55 min ago	5.03 bp	20.8 bp −$21	41.1 bp −$411	145.2 bp −$14.5K	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
Kraken Futures PF_SPXUSD	−0.1179%	1h	0.5054	+0.258%	$240K	$559K	20x	as long as short
Variational Omni SPX	+0.0012%	4h	0.5049	+0.157%	$837K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.230%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5055	+0.270%	$116K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5074	+0.647%	$9.9M	$7.7M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5050	+0.182%	$128K	$110K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5065	+0.481%	$5.0M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5060	+0.377%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5063	+0.436%	$963K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5055	+0.278%	$1.0M	$504K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5053	+0.238%	$11.2M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5058	+0.337%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5068	+0.536%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5058	+0.337%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5052	+0.218%	$45K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5067	+0.516%	$20K	$711	10x	as long as short
SunX SPX-USDTlong	+0.0100%	4h	0.5041	long leg	$8K	$1.7M	20x
Extended SPX-USD	+0.0104%	1h	0.5060	+0.370%	$34K	$228K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5041	0.000%	$248K	$992K	75x