Settings8H · net · $10k
Funding arb · Price arb /

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: BingX against ApeX Omni−0.099%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$740.740% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.009%−$1 on $10k
Price spread, last 4 days (all we have)−1.137%−$114 · spread now −0.099%, 7d avg −0.095%
Together, before fees−1.146%−$115 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SPXUSDT0.50590.0100pay 0.0013% / 1h15m 35s$25K$254K25x
ShortBingX SPX-USDT0.50540.0100get 0.0050% / 4h1h 15m$6.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: −0.099% → −0.095%
−$0.34
Slippage, 4 orders
−$54.01
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$74.35
Costs to cover
0.740%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 46 min ago; BingX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 46 min ago5.83 bp13.6 bp −$1493.0 bp −$930doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago7.92 bp22.3 bp −$2248.0 bp −$480210.9 bp −$21.1K1165.2 bp −$582.6K

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SPX/USDC PERP+0.0033%1h0.4979−1.581%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5059+0.004%$136K$359K5xas long as short
Hyperliquid SPX+0.0100%1h0.5052−0.134%$10.1M$7.4M5xas long as short
Binance SPXUSDT+0.0100%4h0.5054−0.099%$5.1M$21.1M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5051−0.158%$11.5M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5050−0.178%$942K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5048−0.217%$1.0M$559K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5053−0.119%$11.9M$4.8M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5053−0.119%$3.7M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5057−0.040%$2.6M$1.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDTshort+0.0100%4h0.5054−0.099%$6.9M
Variational Omni SPX+0.0100%4h0.5060+0.020%$881K$1.4Mas long as short
ApeX Omni SPXUSDTlong+0.0100%1h0.5059long leg$25K$254K25x
SunX SPX-USDT+0.0100%4h0.5053−0.119%$8K$1.6M20xas long as short
Extended SPX-USD+0.0104%1h0.5054−0.106%$33K$250K10xas long as short
Aster SPXUSDT+0.0140%4h0.5058−0.010%$128K$111K10xas long as short
Orderly PERP_SPX_USDC+0.0144%4h0.5070+0.217%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5055−0.079%$254K$988K75xas long as short
Kraken Futures PF_SPXUSD+0.1423%1h0.5070+0.221%$251K$544K20xas long as short