# SPX funding rates and arbitrage

Updated 2026-10-29 18:30 UTC · https://afterfees.xyz/coin/SPX

## 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](https://afterfees.xyz/venues/kraken) | PF_SPXUSD | 0.0217% | 1 h | +190.0% | +77.5% | $174.3K | 2026-10-29 19:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | SPX-USDT | 0.0170% | 4 h | +37.2% | +21.7% | $158.4K | 2026-10-29 20:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | SPXUSD-PERP | 0.0023% | 1 h | +20.0% | −54.9% | $743 | 2026-10-29 19:00 |
| [Extended](https://afterfees.xyz/venues/extended) | SPX-USD | 0.0013% | 1 h | +11.4% | +10.9% | $30.8K | 2026-10-29 19:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | SPXUSDTM | 0.0050% | 4 h | +10.9% | +1.5% | $3.4M | 2026-10-29 20:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | SPXUSDT | 0.0050% | 4 h | +10.9% | +10.2% | — | 2026-10-29 20:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | SPX_USDT | 0.0050% | 4 h | +10.9% | +10.2% | $6.9M | 2026-10-29 20:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | SPX-USDT | 0.0013% | 1 h | +10.9% | +9.0% | $15.7K | 2026-10-29 19:00 |
| [OKX](https://afterfees.xyz/venues/okx) | SPX-USDT-SWAP | 0.0050% | 4 h | +10.9% | +10.8% | $482.2K | 2026-10-29 20:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | SPXUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $2M | 2026-10-29 20:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_SPX_USDT | 0.0050% | 4 h | +10.9% | +10.2% | $18 | 2026-10-29 20:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | SPXUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-29 20:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | SPX-USDT | 0.0050% | 4 h | +10.9% | +11.0% | $863K | 2026-10-29 20:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | SPXUSDT | 0.0050% | 4 h | +10.9% | +9.4% | $11.1M | 2026-10-29 20:00 |
| [Aster](https://afterfees.xyz/venues/aster) | SPXUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $72.7K | 2026-10-29 20:00 |
| [Variational](https://afterfees.xyz/venues/variational) | SPX-PERP | 0.0050% | 4 h | +10.9% | — | $237.4K | 2026-10-29 20:00 |
| [Binance](https://afterfees.xyz/venues/binance) | SPXUSDT | 0.0050% | 4 h | +10.9% | +10.2% | $3.9M | 2026-10-29 20:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | SPX | 0.0013% | 1 h | +10.9% | +10.4% | $5M | 2026-10-29 19:00 |
| [Gate](https://afterfees.xyz/venues/gate) | SPX_USDT | 0.0049% | 4 h | +10.7% | +0.3% | $361.3K | 2026-10-29 20:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | SPX | 0.0012% | 1 h | +10.5% | +10.4% | $194.7K | 2026-10-29 19:00 |

## Borrow SPX to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bybit | 6.48% | — |
| Gate | 8.00% | $30K |

## Cost to enter $10,000 of SPX

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | SPX_USDT | 1.3 bp | top of book only |
| Lighter | SPX | 3.8 bp | top of book only |
| Hyperliquid | SPX | 4.9 bp | top of book only |
| Variational | SPX-PERP | 5.3 bp | top of book only |
| Extended | SPX-USD | 5.7 bp | top of book only |
| Binance | SPXUSDT | 6.3 bp | top of book only |
| BingX | SPX-USDT | 6.3 bp | top of book only |
| Bybit | SPXUSDT | 6.8 bp | top of book only |
| OKX | SPX-USDT-SWAP | 7.6 bp | top of book only |
| BloFin | SPX-USDT | 9.9 bp | top of book only |
| Gate | SPX_USDT | 10.1 bp | top of book only |
| Bitget | SPXUSDT | 12.6 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

- [Borrow SPX: rates on every exchange](https://afterfees.xyz/borrow/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 +190.0% a year (0.0217% every 1 h); the lowest is Lighter at +10.5%. 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._