SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: Binance against BloFin+0.139%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.364%−$36 on $10k

Price spread, last 4 days (all we have)+0.526%+$53 · spread now +0.139%, 7d avg −0.009%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.148% dearer against BloFin than usual: you sell high and buy low (spread +0.139% now, against its 7-day average of −0.009%): +$15 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPX-USDT	0.5042	0.0340	pay 0.0170% / 4h	1h 11m	$254K	$985K	75x
Short	Binance SPXUSDT	0.5049	0.0100	get 0.0050% / 4h	1h 11m	$5.1M	$21.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.139%Rate

Funding earned: −$50.4
Price spread: +0.139% → −0.009%: $14.76
Slippage, 4 orders: −$57.89
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$115.53
Costs to cover: 0.799%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Binance: live order book, 15 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 BloFin live order book, 6 min ago	5.93 bp	17.2 bp −$17	38.0 bp −$380	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.99 bp	21.0 bp −$21	62.4 bp −$624	445.9 bp −$44.6K	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	−1.250%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5059	+0.339%	$136K	$359K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5049	+0.145%	$10.1M	$7.4M	5x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.5049	+0.139%	$5.1M	$21.1M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5048	+0.119%	$11.5M	$16.2M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5050	+0.159%	$942K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5035	−0.139%	$1.0M	$560K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5056	+0.278%	$11.9M	$4.8M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5043	+0.020%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5055	+0.258%	$2.6M	$1.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.5046	+0.079%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5060	+0.357%	$881K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5037	−0.099%	$25K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5037	−0.099%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5052	+0.202%	$33K	$250K	10x	as long as short
Aster SPXUSDT	+0.0123%	4h	0.5038	−0.073%	$128K	$111K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0145%	4h	0.5054	+0.238%	$20K	$599	10x	as long as short
BloFin SPX-USDTlong	+0.0340%	4h	0.5042	long leg	$254K	$985K	75x
Kraken Futures PF_SPXUSD	+0.1425%	1h	0.5061	+0.373%	$251K	$544K	20x	as long as short