SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against Orderly−0.239%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Bybit

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.239% cheaper against Orderly than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPX_USDC	0.5013	0.0152	pay 0.0076% / 4h	43m 36s	$20K	$599	10x
Short	Bybit SPXUSDT	0.5001	0.0100	get 0.0050% / 4h	43m 36s	$11.3M	$16.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now −0.239%Rate

Funding earned: −$10.96
Price spread: −0.239% → 0.000%: −$23.94
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$51.9
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 5 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	4.02 bp	18.7 bp −$19	57.1 bp −$571	doesn't fit	doesn't fit

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 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	−0.678%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5010	−0.066%	$134K	$357K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5004	−0.186%	$10.1M	$7.4M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5006	−0.140%	$5.0M	$21.3M	75x	as long as short
Bybit SPXUSDTshort	+0.0100%	4h	0.5001	−0.239%	$11.3M	$16.4M	50x
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5001	−0.239%	$935K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5002	−0.219%	$996K	$558K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5004	−0.180%	$12.0M	$4.8M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5005	−0.160%	$3.7M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5003	−0.199%	$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	0.5003	−0.199%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.4979	−0.677%	$837K	$1.4M	—	as long as short
SunX SPX-USDT	+0.0100%	4h	0.4993	−0.399%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5000	−0.255%	$33K	$249K	10x	as long as short
Aster SPXUSDT	+0.0119%	4h	0.4998	−0.293%	$134K	$122K	10x	as long as short
Orderly PERP_SPX_USDClong	+0.0152%	4h	0.5013	long leg	$20K	$599	10x
ApeX Omni SPXUSDT	+0.0284%	1h	0.4982	−0.618%	$25K	$254K	25x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.4993	−0.399%	$251K	$989K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1286%	1h	0.5018	+0.093%	$244K	$549K	20x	as long as short