Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Binance against ApeX Omni+0.122%49s7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as 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−$690.695% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−1.275%−$127 · spread now +0.122%, 7d avg −0.019%

Together, before fees−1.284%−$128 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.140% dearer against ApeX Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 49 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	ApeX Omni SPXUSDT	0.5009	0.0100	pay 0.0013% / 1h	48m 43s	$45K	$248K	25x
Short	Binance SPXUSDT	0.5015	0.0100	get 0.0050% / 4h	2h 48m	$5.0M	$19.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → −0.019%: $14.05
Slippage, 4 orders: −$49.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.4
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 37 min ago; Binance: live order book, 7 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 ApeX Omni live order book, 37 min ago	7.82 bp	18.8 bp −$19	114.1 bp −$1,141	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.99 bp	17.4 bp −$17	62.1 bp −$621	381.2 bp −$38.1K	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
Kraken Futures PF_SPXUSD	−0.0415%	1h	0.5010	+0.023%	$230K	$560K	20x	as long as short
Variational Omni SPX	−0.0022%	4h	0.5000	−0.179%	$844K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.599%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5019	+0.194%	$116K	$318K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5021	+0.240%	$9.8M	$7.1M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5017	+0.155%	$123K	$97K	10x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.5015	+0.122%	$5.0M	$19.5M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5011	+0.040%	$11.6M	$15.4M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5013	+0.080%	$976K	$2.6M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5010	+0.020%	$1.0M	$476K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5013	+0.080%	$11.5M	$4.5M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5012	+0.060%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5017	+0.160%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5013	+0.080%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDTlong	+0.0100%	1h	0.5009	long leg	$45K	$248K	25x
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5020	+0.220%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5004	−0.100%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5012	+0.051%	$34K	$227K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5013	+0.080%	$254K	$907K	75x	as long as short