Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended−0.026%7-day average +0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1041.042% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.026%, 7d avg +0.106%
=Together, before fees+0.089%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.132% cheaper against Extended than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.106%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SPX-USD | 0.5136 | 0.0104 | pay 0.0013% / 1h | 8m 02s | $33K | $264K | 10x |
| Short | Binance SPXUSDT | 0.5135 | 0.0100 | get 0.0050% / 4h | 3h 08m | $5.1M | $21.1M | 75x |
Extended SPX-USD
Binance SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$0.84
- Price spread: −0.026% → +0.106%
- −$13.18
- Slippage, 4 orders
- −$89.21
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$118.23
- Costs to cover
- 1.042%
- Break-even
- never at this rate
Slippage from Extended: live order book, 64 min ago; Binance: live order book, 3 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 Extended live order book, 64 min ago | 4.06 bp | 29.0 bp −$29 | 203.0 bp −$2,030 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.98 bp | 20.8 bp −$21 | 58.6 bp −$586 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SPX | +0.0022% | 4h | 0.5086 | −0.977% | $851K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −3.063% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5133 | −0.059% | $118K | $324K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5138 | +0.034% | $10.1M | $7.6M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5122 | −0.280% | $129K | $110K | 10x | as long as short |
| Binance SPXUSDTshort | +0.0100% | 4h | 0.5135 | −0.026% | $5.1M | $21.1M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5130 | −0.124% | $11.7M | $16.0M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5133 | −0.065% | $972K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5122 | −0.279% | $1.1M | $520K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5140 | +0.071% | $11.3M | $4.8M | 100x | as long as short |
Variational Omni SPX
Injective SPX/USDC PERP
Lighter SPX
Hyperliquid SPX
Aster SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5127 | −0.182% | $3.8M | $5.4M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5133 | −0.065% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5132 | −0.085% | — | $6.8M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5097 | −0.766% | $46K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5136 | −0.007% | $20K | $599 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5123 | −0.260% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USDlong | +0.0104% | 1h | 0.5136 | long leg | $33K | $264K | 10x | |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5116 | −0.396% | $253K | $1.1M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.0953% | 1h | 0.5138 | +0.031% | $249K | $550K | 20x | as long as short |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
BloFin SPX-USDT
Kraken Futures PF_SPXUSD