Funding arb · Price arb /

SPX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Gate against Binance−0.024%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$2102.099% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.024%, 7d avg −0.075%

Together, before fees−0.035%−$3 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: Gate is 0.050% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPXUSDT	0.5035	0.0100	pay 0.0050% / 4h	2h 17m	$5.0M	$19.5M	75x
Short	Gate SPX_USDT	0.5034	0.0100	get 0.0050% / 4h	2h 17m	$1.0M	$477K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.075%: $5.03
Slippage, 4 orders: −$184.89
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$204.86
Costs to cover: 2.099%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Gate: 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 Binance live order book, 9 min ago	0.99 bp	18.0 bp −$18	53.6 bp −$536	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	8.93 bp	85.8 bp −$86	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
Kraken Futures PF_SPXUSD	−0.0413%	1h	0.5033	−0.035%	$233K	$560K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.117%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5038	+0.063%	$116K	$319K	5x	as long as short
Variational Omni SPX	+0.0100%	4h	0.5039	+0.070%	$877K	$1.3M	—	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5036	+0.021%	$9.8M	$7.2M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5037	+0.039%	$124K	$97K	10x	as long as short
Binance SPXUSDTlong	+0.0100%	4h	0.5035	long leg	$5.0M	$19.5M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5032	−0.064%	$11.7M	$15.5M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5035	−0.004%	$977K	$2.6M	20x	as long as short
Gate SPX_USDTshort	+0.0100%	4h	0.5034	−0.024%	$1.0M	$477K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5035	−0.004%	$11.6M	$4.5M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5036	+0.015%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5040	+0.095%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5033	−0.044%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5043	+0.154%	$45K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5043	+0.154%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5026	−0.183%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5033	−0.046%	$34K	$226K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5037	+0.035%	$250K	$915K	75x	as long as short