SPX

Alert: funding

Alert: spread

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 BingX+0.078%7-day average +0.055% · 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−$80as in the Price arb table

costs, in and out, $10k−$830.828% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.387%+$39 on $10k

Price spread, last 4 days (all we have)−0.572%−$57 · spread now +0.078%, 7d avg +0.055%

Together, before fees−0.185%−$18 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 0.023% dearer against BingX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPX-USDT	0.5146	0.0100	pay 0.0050% / 4h	3h 47m	—	$7.0M	—
Short	BloFin SPX-USDT	0.5150	0.0340	get 0.0170% / 4h	3h 47m	$252K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.078%Rate

Funding earned: $50.4
Price spread: +0.078% → +0.055%: $2.31
Slippage, 4 orders: −$60.76
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$30.05
Costs to cover: 0.828%
Break-even: 11.2 days

Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 5 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 BingX live order book, 5 min ago	7.82 bp	23.6 bp −$24	55.7 bp −$557	577.7 bp −$57.8K	1309.4 bp −$654.7K
Sell BloFin live order book, 5 min ago	5.87 bp	17.2 bp −$17	45.2 bp −$452	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	−3.245%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0086%	4h	0.5116	−0.580%	$950K	$1.6M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5144	−0.039%	$141K	$406K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5143	−0.049%	$10.4M	$8.4M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5144	−0.033%	$137K	$93K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5143	−0.058%	$5.2M	$23.8M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5139	−0.136%	$11.9M	$17.8M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5138	−0.155%	$982K	$3.4M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5142	−0.078%	$1.0M	$643K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5144	−0.039%	$11.7M	$5.0M	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	0.5142	−0.078%	$3.7M	$5.5M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5142	−0.078%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDTlong	+0.0100%	4h	0.5146	long leg	—	$7.0M	—
ApeX Omni SPXUSDT	+0.0100%	1h	0.5135	−0.214%	$26K	$249K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5152	+0.117%	$20K	$599	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5135	−0.214%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5138	−0.162%	$44K	$309K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5150	+0.078%	$252K	$1.0M	75x
Kraken Futures PF_SPXUSD	+0.1466%	1h	0.5151	+0.092%	$260K	$553K	20x	as long as short