Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Binance+0.103%91s7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$830.831% of the position
Funding, last 7 days+0.387%+$39 on $10k
+Price spread, last 4 days (all we have)−0.768%−$77 · spread now +0.103%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.117% dearer against Binance than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPXUSDT | 0.5383 | 0.0100 | pay 0.0050% / 4h | 2h 59m | $5.6M | $24.0M | 75x |
| Short | BloFin SPX-USDT | 0.5389 | 0.0340 | get 0.0170% / 4h | 2h 59m | $259K | $1.0M | 75x |
Binance SPXUSDT
BloFin SPX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $50.4
- Price spread: +0.103% → −0.014%
- $11.71
- Slippage, 4 orders
- −$61.07
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$20.95
- Costs to cover
- 0.831%
- Break-even
- 9.9 days
Slippage from Binance: live order book, 11 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 Binance live order book, 11 min ago | 4.75 bp | 24.6 bp −$25 | 56.5 bp −$565 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 6.48 bp | 21.0 bp −$21 | 79.6 bp −$796 | 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 | −7.513% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0066% | 4h | 0.5382 | −0.027% | $993K | $1.6M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5364 | −0.356% | $147K | $398K | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5401 | +0.326% | $144K | $94K | 10x | as long as short |
| Binance SPXUSDTlong | +0.0100% | 4h | 0.5383 | long leg | $5.6M | $24.0M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5347 | −0.677% | $12.6M | $18.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5354 | −0.547% | $1.0M | $3.7M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5386 | +0.047% | $1.1M | $680K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5356 | −0.510% | $11.8M | $5.0M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5365 | −0.343% | $3.8M | $5.5M | 50x | as long as short |
Injective SPX/USDC PERP
Variational Omni SPX
Lighter SPX
Aster SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPXUSDT | +0.0100% | 4h | 0.5360 | −0.436% | $2.8M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5349 | −0.640% | — | $7.0M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5267 | −2.163% | $27K | $249K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5381 | −0.046% | $8K | $1.8M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5384 | +0.010% | $46K | $317K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0144% | 4h | 0.5407 | +0.437% | $21K | $540 | 10x | as long as short |
| BloFin SPX-USDTshort | +0.0340% | 4h | 0.5389 | +0.103% | $259K | $1.0M | 75x | |
| Hyperliquid SPX | +0.0730% | 1h | 0.5381 | −0.055% | $11.3M | $9.1M | 5x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1398% | 1h | 0.5400 | +0.312% | $276K | $553K | 20x | as long as short |
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
Hyperliquid SPX
Kraken Futures PF_SPXUSD