Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: SunX against ApeX Omni+0.455%7-day average −0.172% · you sell dearer than you buy

Net, funding: paid 7d − costs−$250as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$2492.489% of the position

Long on ApeX Omni Short on SunX

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)−0.766%−$77 · spread now +0.455%, 7d avg −0.172%

Together, before fees−0.775%−$78 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: SunX is 0.627% dearer against ApeX Omni than usual: you sell high and buy low, +$63 on $10k if it goes back to its 7-day average of −0.172%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SPXUSDT	0.5052	0.0100	pay 0.0013% / 1h	20m 32s	$26K	$255K	25x
Short	SunX SPX-USDT	0.5075	0.0100	get 0.0050% / 4h	2h 20m	$8K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.455%Rate

Funding earned: $0
Price spread: +0.455% → −0.172%: $62.7
Slippage, 4 orders: −$230.91
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$186.21
Costs to cover: 2.489%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 26 min ago; SunX: live order book, 5 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, 26 min ago	7.84 bp	15.7 bp −$16	109.3 bp −$1,093	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	30.66 bp	113.1 bp −$113	doesn't fit	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.445%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5116	+1.263%	$139K	$380K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5112	+1.194%	$10.4M	$7.9M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5118	+1.299%	$136K	$130K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5131	+1.557%	$5.1M	$22.5M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5133	+1.603%	$11.7M	$17.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5138	+1.702%	$945K	$3.2M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5113	+1.207%	$1.0M	$606K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5114	+1.227%	$11.9M	$5.2M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5125	+1.445%	$3.7M	$5.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5132	+1.584%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5124	+1.425%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5076	+0.477%	$935K	$1.5M	—	as long as short
ApeX Omni SPXUSDTlong	+0.0100%	1h	0.5052	long leg	$26K	$255K	25x
SunX SPX-USDTshort	+0.0100%	4h	0.5075	+0.455%	$8K	$1.7M	20x
Extended SPX-USD	+0.0104%	1h	0.5138	+1.694%	$34K	$253K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0173%	4h	0.5092	+0.792%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5084	+0.633%	$248K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1443%	1h	0.5095	+0.855%	$249K	$538K	20x	as long as short