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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance−0.110%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1041.042% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)−0.170%−$17 · spread now −0.110%, 7d avg −0.110%
Together, before fees−0.162%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SPXUSDT0.50360.0100pay 0.0050% / 4h2h 56m$5.0M$19.6M75x
ShortExtended SPX-USD0.50300.0104get 0.0013% / 1h56m 46s$34K$227K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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
$0.84
Price spread: −0.110% → −0.110%
−$0.04
Slippage, 4 orders
−$89.25
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$103.44
Costs to cover
1.042%
Break-even
869.0 days
Slippage from Binance: live order book, 14 min ago; Extended: live order book, 30 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 Binance live order book, 14 min ago0.99 bp19.2 bp −$1967.8 bp −$678867.7 bp −$86.8Kdoesn't fit
Sell Extended live order book, 30 min ago3.32 bp33.3 bp −$33223.9 bp −$2,239doesn'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
Kraken Futures PF_SPXUSD−0.0413%1h0.5032−0.077%$231K$563K20xas long as short
Variational Omni SPX+0.0009%4h0.5059+0.458%$850K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−1.132%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5036−0.002%$116K$318K5xas long as short
Hyperliquid SPX+0.0100%1h0.5035−0.024%$9.9M$7.1M5xas long as short
Aster SPXUSDT+0.0100%4h0.5043+0.135%$123K$96K10xas long as short
Binance SPXUSDTlong+0.0100%4h0.5036long leg$5.0M$19.6M75x
Bybit SPXUSDT+0.0100%4h0.5026−0.199%$11.6M$15.5M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5031−0.099%$985K$2.6M20xas long as short
Gate SPX_USDT+0.0100%4h0.5034−0.040%$1.0M$475K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5033−0.060%$11.5M$4.5M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5033−0.060%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5034−0.040%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5029−0.139%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5051+0.298%$45K$248K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5038+0.040%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5026−0.199%$8K$1.6M20xas long as short
Extended SPX-USDshort+0.0104%1h0.5030−0.110%$34K$227K10x
BloFin SPX-USDT+0.0340%4h0.5032−0.079%$254K$923K75xas long as short