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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.060%
Price spread now: Variational Omni against ApeX Omni−0.715%7-day average −0.180% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.172%−$17 on $10k
Price spread, last 3 days (all we have)+0.563%+$56 · spread now −0.715%, 7d avg −0.180%
Together, before fees+0.391%+ Points / potential airdropVariational Omni: Active · farm board+$39 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: Variational Omni is 0.535% cheaper against ApeX Omni than usual: you would sell low and buy high, −$53 on $10k if it goes back to its 7-day average of −0.180%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SPXUSDT0.50770.0100pay 0.0013% / 1h53m 23s$46K$246K25x
ShortVariational Omni SPX0.50410.0099get 0.0049% / 4h2h 53m$843K$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$0.25
Price spread: −0.715% → −0.180%
−$53.5
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$63.75
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 13 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 13 min ago8.78 bp16.5 bp −$17112.2 bp −$1,122doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago7.97 bpdoesn't fit65.8 bp −$658doesn't fitdoesn't fit

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%1h0.4979−1.930%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5041−0.709%$116K$338K5xas long as short
Variational Omni SPXshort+0.0099%4h0.5041−0.715%$843K$1.3M
Hyperliquid SPX+0.0100%1h0.5058−0.380%$10.0M$7.6M5xas long as short
Aster SPXUSDT+0.0100%4h0.5035−0.829%$127K$111K10xas long as short
Binance SPXUSDT+0.0100%4h0.5050−0.536%$5.1M$21.3M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5050−0.532%$11.4M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5048−0.571%$951K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5049−0.552%$1.0M$507K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5051−0.512%$11.2M$4.8M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTM+0.0100%4h0.5052−0.492%$3.7M$5.4M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5051−0.512%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5050−0.532%$6.8Mas long as short
ApeX Omni SPXUSDTlong+0.0100%1h0.5077long leg$46K$246K25x
Orderly PERP_SPX_USDC+0.0100%4h0.5054−0.453%$20K$59910xas long as short
SunX SPX-USDT+0.0100%4h0.5009−1.339%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5040−0.732%$33K$261K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5046−0.611%$255K$1.1M75xas long as short
Kraken Futures PF_SPXUSD+0.1183%1h0.5045−0.621%$245K$551K20xas long as short