Settings8H · net · $10k
Funding arb · Price arb /

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0206%/8h= −22.5% APRnext payment $1.03 per $10,000 · paid last 24h −0.066%
Price spread now: Orderly against BloFin+0.019%52s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SPX-USDT0.51500.0340pay 0.0170% / 4h1h 53m$261K$969K75x
ShortOrderly PERP_SPX_USDC0.51510.0134get 0.0067% / 4h1h 53m$20K$51110x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
−$43.2
Price spread: +0.019% → 0.000%
$1.94
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$59.26
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 41 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 41 min ago3.84 bp9.8 bp −$1044.2 bp −$442doesn't fitdoesn't fit
Sell Orderly no order-book sample
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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SPX/USDC PERP+0.0033%1h0.4979−3.320%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5143−0.132%$146K$354K5xas long as short
Aster SPXUSDT+0.0100%4h0.5141−0.179%$138K$92K10xas long as short
Binance SPXUSDT+0.0100%4h0.5143−0.137%$5.4M$23.8M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5124−0.505%$12.1M$17.7M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5124−0.505%$995K$3.5M20xas long as short
Gate SPX_USDT+0.0100%4h0.5138−0.233%$1.0M$680K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5132−0.350%$11.0M$4.9M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5139−0.214%$3.7M$5.5M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5147−0.058%$2.7M$1.4M50xas long as short
Show all 19 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.5142−0.155%$7.0Mas long as short
Variational Omni SPX+0.0100%4h0.5161+0.207%$979K$1.6Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5211+1.184%$27K$249K25xas long as short
SunX SPX-USDT+0.0100%4h0.5133−0.330%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5144−0.120%$44K$318K10xas long as short
Orderly PERP_SPX_USDCshort+0.0134%4h0.5151+0.019%$20K$51110x
Hyperliquid SPX+0.0203%1h0.5153+0.066%$10.8M$8.9M5xas long as short
BloFin SPX-USDTlong+0.0340%4h0.5150long leg$261K$969K75x
Kraken Futures PF_SPXUSD+0.2469%1h0.5154+0.085%$277K$548K20xas long as short