SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.021%

Price spread now: KuCoin against Orderly−0.176%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 KuCoin

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 KuCoin is 0.176% cheaper against Orderly than usual: you would sell low and buy high (−$18 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	0.5109	0.0156	pay 0.0078% / 4h	36m 00s	$20K	$599	10x
Short	KuCoin SPXUSDTM	0.5100	0.0100	get 0.0050% / 4h	36m 00s	$3.6M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.176%Rate

Funding earned: −$11.67
Price spread: −0.176% → 0.000%: −$17.62
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$47.28
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	0.98 bp	66.5 bp −$67	267.0 bp −$2,670	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	−2.545%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5105	−0.078%	$139K	$405K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5103	−0.108%	$10.3M	$8.3M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5105	−0.081%	$136K	$93K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5103	−0.117%	$5.1M	$23.8M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5095	−0.274%	$11.7M	$17.9M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5099	−0.196%	$970K	$3.4M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5099	−0.196%	$1.0M	$658K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5102	−0.137%	$11.6M	$5.1M	100x	as long as short
KuCoin SPXUSDTMshort	+0.0100%	4h	0.5100	−0.176%	$3.6M	$5.5M	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5109	0.000%	$2.6M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5098	−0.215%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5144	+0.695%	$997K	$1.6M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5156	+0.920%	$26K	$248K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5096	−0.254%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5103	−0.116%	$33K	$278K	10x	as long as short
Orderly PERP_SPX_USDClong	+0.0156%	4h	0.5109	long leg	$20K	$599	10x
BloFin SPX-USDT	+0.0340%	4h	0.5097	−0.235%	$254K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1265%	1h	0.5126	+0.331%	$255K	$553K	20x	as long as short