Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against ApeX Omni−0.099%103s7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as 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−$1041.036% of the position

Long on ApeX Omni Short on Bitget

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)−0.367%−$37 · spread now −0.099%, 7d avg −0.040%

Together, before fees−0.376%−$38 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: Bitget is 0.059% cheaper against ApeX Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.040%. The two prices were read 103 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	0.5060	0.0100	pay 0.0013% / 1h	33m 54s	$45K	$246K	25x
Short	Bitget SPXUSDT	0.5055	0.0100	get 0.0050% / 4h	33m 54s	$2.6M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → −0.040%: −$5.89
Slippage, 4 orders: −$81.58
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$109.47
Costs to cover: 1.036%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 43 min ago; Bitget: live order book, 3 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, 43 min ago	9.04 bp	17.6 bp −$18	97.2 bp −$972	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	12.83 bp	32.8 bp −$33	114.7 bp −$1,147	doesn't fit	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	−0.1179%	1h	0.5057	−0.062%	$240K	$559K	20x	as long as short
Variational Omni SPX	−0.0019%	4h	0.5052	−0.160%	$845K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.601%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5049	−0.223%	$116K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5054	−0.121%	$9.9M	$7.7M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5046	−0.284%	$129K	$109K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5049	−0.217%	$4.9M	$21.0M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5038	−0.435%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5051	−0.178%	$962K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5046	−0.277%	$1.0M	$500K	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	0.5050	−0.198%	$11.2M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5047	−0.257%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDTshort	+0.0100%	4h	0.5055	−0.099%	$2.6M	$1.4M	50x
BingX SPX-USDT	+0.0100%	4h	0.5045	−0.296%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDTlong	+0.0100%	1h	0.5060	long leg	$45K	$246K	25x
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5053	−0.138%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5040	−0.395%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5048	−0.245%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5046	−0.277%	$247K	$983K	75x	as long as short