Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Binance against Injective+0.482%87s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.482% dearer against Injective than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 87 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 | Injective SPX/USDC PERP | 0.4979 | 0.0033 | pay 0.0004% / 1h | 43m 49s | $9 | $4K | 5.5x |
| Short | Binance SPXUSDT | 0.5003 | 0.0100 | get 0.0050% / 4h | 43m 49s | $5.0M | $21.3M | 75x |
Injective SPX/USDC PERP
Binance SPXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- $14
- Price spread: +0.482% → 0.000%
- $48.2
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $52.18
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 12 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 12 min ago | 3.99 bp | 19.7 bp −$20 | 57.3 bp −$573 | 447.3 bp −$44.7K | doesn't fit |
Injective: 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 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 PERPlong | +0.0033% | 1h | 0.4979 | long leg | $9 | $4K | 5.5x | |
| Lighter SPX | +0.0096% | 1h | 0.5011 | +0.637% | $134K | $357K | 5x | as long as short |
| Hyperliquid SPX | +0.0100% | 1h | 0.5004 | +0.496% | $10.1M | $7.4M | 5x | as long as short |
| Binance SPXUSDTshort | +0.0100% | 4h | 0.5003 | +0.482% | $5.0M | $21.3M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5001 | +0.442% | $11.3M | $16.4M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5001 | +0.442% | $935K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5004 | +0.502% | $997K | $558K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5005 | +0.522% | $12.0M | $4.8M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5004 | +0.502% | $3.7M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5002 | +0.462% | $2.6M | $1.4M | 50x | as long as short |
Lighter SPX
Hyperliquid SPX
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5003 | +0.482% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.4979 | +0.002% | $837K | $1.4M | — | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.4993 | +0.281% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5000 | +0.415% | $33K | $249K | 10x | as long as short |
| Aster SPXUSDT | +0.0119% | 4h | 0.4994 | +0.309% | $133K | $122K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0152% | 4h | 0.5013 | +0.683% | $20K | $599 | 10x | as long as short |
| ApeX Omni SPXUSDT | +0.0284% | 1h | 0.4982 | +0.060% | $25K | $254K | 25x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.4993 | +0.281% | $251K | $989K | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1286% | 1h | 0.5018 | +0.776% | $244K | $549K | 20x | as long as short |
BingX SPX-USDT
Variational Omni SPX
SunX SPX-USDT
Extended SPX-USD
Aster SPXUSDT
Orderly PERP_SPX_USDC
ApeX Omni SPXUSDT
BloFin SPX-USDT
Kraken Futures PF_SPXUSD