SPX funding rates and arbitrage
Updated 2026-10-29 14:12 UTC
Best SPX arbitrage after every cost
No SPX pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
SPX funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Kraken | PF_SPXUSD | 0.0137% | 1 h | +120.3% | +77.4% | $208.9K | 2026-10-29 15:00 |
| Crypto.com | SPXUSD-PERP | 0.0057% | 1 h | +50.4% | −54.3% | $741 | 2026-10-29 15:00 |
| Extended | SPX-USD | 0.0013% | 1 h | +11.4% | +10.9% | $30.5K | 2026-10-29 15:00 |
| KuCoin | SPXUSDTM | 0.0050% | 4 h | +10.9% | +1.5% | $3.5M | 2026-10-29 16:00 |
| Bitunix | SPXUSDT | 0.0050% | 4 h | +10.9% | +10.2% | — | 2026-10-29 16:00 |
| MEXC | SPX_USDT | 0.0050% | 4 h | +10.9% | +10.2% | $6.7M | 2026-10-29 16:00 |
| ApeX | SPX-USDT | 0.0013% | 1 h | +10.9% | +9.0% | $15.9K | 2026-10-29 15:00 |
| OKX | SPX-USDT-SWAP | 0.0050% | 4 h | +10.9% | +10.8% | $495.6K | 2026-10-29 16:00 |
| Bitget | SPXUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $2.1M | 2026-10-29 16:00 |
| WOO X | PERP_SPX_USDT | 0.0050% | 4 h | +10.9% | +10.2% | $19 | 2026-10-29 16:00 |
| LBank | SPXUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-29 16:00 |
| BingX | SPX-USDT | 0.0050% | 4 h | +10.9% | +11.1% | $904K | 2026-10-29 16:00 |
| Bybit | SPXUSDT | 0.0050% | 4 h | +10.9% | +8.9% | $11.4M | 2026-10-29 16:00 |
| Aster | SPXUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $75.6K | 2026-10-29 16:00 |
| Variational | SPX-PERP | 0.0050% | 4 h | +10.9% | — | $245.8K | 2026-10-29 16:00 |
| Binance | SPXUSDT | 0.0050% | 4 h | +10.9% | +10.2% | $3.9M | 2026-10-29 16:00 |
| Hyperliquid | SPX | 0.0013% | 1 h | +10.9% | +10.5% | $5.3M | 2026-10-29 15:00 |
| Lighter | SPX | 0.0012% | 1 h | +10.5% | +10.4% | $202.2K | 2026-10-29 15:00 |
| BloFin | SPX-USDT | 0.0040% | 4 h | +8.7% | +21.7% | $167K | 2026-10-29 16:00 |
| Gate | SPX_USDT | 0.0026% | 4 h | +5.7% | +0.1% | $384.5K | 2026-10-29 16:00 |
Borrow SPX to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bybit | 6.47% | — |
| Gate | 7.99% | $30K |
Cost to enter $10,000 of SPX
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | SPX_USDT | 2.5 bp | top of book only |
| Lighter | SPX | 4.4 bp | top of book only |
| Variational | SPX-PERP | 5.1 bp | top of book only |
| Extended | SPX-USD | 5.2 bp | top of book only |
| Binance | SPXUSDT | 6.3 bp | top of book only |
| BingX | SPX-USDT | 6.3 bp | top of book only |
| OKX | SPX-USDT-SWAP | 7.5 bp | top of book only |
| Bybit | SPXUSDT | 9.3 bp | top of book only |
| Gate | SPX_USDT | 10.0 bp | top of book only |
| Bybit | SPXUSDT (spot) | 12.5 bp | top of book only |
| Bitget | SPXUSDT | 13.6 bp | top of book only |
| KuCoin | SPXUSDTM | 13.6 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on SPX
Questions
Is SPX funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no SPX pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest SPX funding rate?
Kraken at +120.3% a year (0.0137% every 1 h); the lowest is Gate at +5.7%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.