SPX funding rates and arbitrage
Updated 2026-11-11 22:52 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 | 0.0035% | 1 h | +30.3% | +1.5% | $183.5K | 2026-11-11 23:00 |
| Extended | SPX-USD | 0.0013% | 1 h | +11.4% | +11.4% | $29.8K | 2026-11-11 23:00 |
| KuCoin | SPXUSDTM | 0.0050% | 4 h | +10.9% | −3.2% | $3.4M | 2026-11-12 00:00 |
| MEXC | SPX_USDT | 0.0050% | 4 h | +10.9% | +11.0% | $5.5M | 2026-11-12 00:00 |
| ApeX | SPX-USDT | 0.0013% | 1 h | +10.9% | +8.1% | $5.4K | 2026-11-11 23:00 |
| Bitget | SPXUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $1.8M | 2026-11-12 00:00 |
| OKX | SPX-USDT-SWAP | 0.0050% | 4 h | +10.9% | +7.6% | $589.1K | 2026-11-12 00:00 |
| LBank | SPXUSDT | 0.0050% | 4 h | +10.9% | +12.0% | — | 2026-11-12 00:00 |
| WOO X | PERP_SPX_USDT | 0.0050% | 4 h | +10.9% | +11.0% | $17 | 2026-11-12 00:00 |
| Bitunix | SPXUSDT | 0.0050% | 4 h | +10.9% | +10.8% | — | 2026-11-12 00:00 |
| BingX | SPX-USDT | 0.0050% | 4 h | +10.9% | +11.0% | $481.5K | 2026-11-12 00:00 |
| Binance | SPXUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $3.2M | 2026-11-12 00:00 |
| Aster | SPXUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $33.1K | 2026-11-12 00:00 |
| Hyperliquid | SPX | 0.0013% | 1 h | +10.9% | +11.0% | $3.6M | 2026-11-11 23:00 |
| BloFin | SPX-USDT | 0.0049% | 4 h | +10.7% | +11.1% | $145.4K | 2026-11-12 00:00 |
| Lighter | SPX | 0.0012% | 1 h | +10.5% | +1.4% | $157.4K | 2026-11-11 23:00 |
| Gate | SPX_USDT | 0.0032% | 4 h | +7.0% | +5.1% | $366K | 2026-11-12 00:00 |
| Variational | SPX-PERP | 0.0009% | 4 h | +2.1% | +8.9% | $194.9K | 2026-11-12 00:00 |
| Bybit | SPXUSDT | -0.0045% | 4 h | −10.0% | +10.0% | $10.5M | 2026-11-12 00:00 |
| Crypto.com | SPXUSD-PERP | -0.0087% | 1 h | −76.2% | −95.6% | $1.1K | 2026-11-11 23:00 |
Borrow SPX to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bybit | 6.21% | — |
| Gate | 6.74% | $30K |
Cost to enter $10,000 of SPX
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| BloFin | SPX-USDT | 17.6 bp | order-book snapshot, 49 min old |
| MEXC | SPX_USDT | 1.4 bp | top of book only |
| Lighter | SPX | 4.3 bp | top of book only |
| Extended | SPX-USD | 5.4 bp | top of book only |
| Variational | SPX-PERP | 5.5 bp | top of book only |
| Binance | SPXUSDT | 6.4 bp | top of book only |
| BingX | SPX-USDT | 6.4 bp | top of book only |
| Bybit | SPXUSDT | 6.9 bp | top of book only |
| OKX | SPX-USDT-SWAP | 9.1 bp | top of book only |
| Bitget | SPXUSDT | 10.1 bp | top of book only |
| Gate | SPX_USDT | 10.3 bp | top of book only |
| KuCoin | SPXUSDTM | 11.5 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 +30.3% a year (0.0035% every 1 h); the lowest is Crypto.com at −76.2%. 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.