SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against SunX+0.274%55s7-day average +0.174% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2642.644% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.387%+$39 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.274%, 7d avg +0.174%

Together, before fees+0.292%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.100% dearer against SunX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.174%. The two prices were read 55 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	SunX SPX-USDT	0.5113	0.0100	pay 0.0050% / 4h	3h 37m	$8K	$1.8M	20x
Short	BloFin SPX-USDT	0.5127	0.0340	get 0.0170% / 4h	3h 37m	$250K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now +0.274%Rate

Funding earned: $50.4
Price spread: +0.274% → +0.174%: $9.97
Slippage, 4 orders: −$244.41
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$204.04
Costs to cover: 2.644%
Break-even: 35.3 days

Slippage from SunX: live order book, 8 min ago; BloFin: live order book, 4 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 SunX live order book, 8 min ago	31.12 bp	107.8 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	2.92 bp	20.9 bp −$21	47.3 bp −$473	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−2.621%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0079%	4h	0.5119	+0.111%	$954K	$1.6M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5131	+0.356%	$141K	$406K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5134	+0.411%	$10.4M	$8.4M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5124	+0.207%	$137K	$93K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5130	+0.326%	$5.1M	$23.9M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5128	+0.293%	$11.8M	$17.9M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5129	+0.313%	$979K	$3.4M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5119	+0.117%	$1.0M	$646K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5128	+0.293%	$11.7M	$5.0M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5122	+0.176%	$3.7M	$5.5M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5138	+0.489%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5129	+0.313%	—	$7.0M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5135	+0.430%	$26K	$249K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5130	+0.332%	$20K	$599	10x	as long as short
SunX SPX-USDTlong	+0.0100%	4h	0.5113	long leg	$8K	$1.8M	20x
Extended SPX-USD	+0.0104%	1h	0.5132	+0.375%	$46K	$314K	10x	as long as short
BloFin SPX-USDTshort	+0.0340%	4h	0.5127	+0.274%	$250K	$1.0M	75x
Kraken Futures PF_SPXUSD	+0.1468%	1h	0.5144	+0.611%	$260K	$553K	20x	as long as short