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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance−0.090%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1221.221% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.015%+$1 · spread now −0.090%, 7d avg −0.092%
Together, before fees+0.015%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SPXUSDT0.50990.0100pay 0.0050% / 4h2h 29m$5.1M$21.3M75x
ShortOKX SPX-USDT-SWAP0.50940.0100get 0.0050% / 4h2h 29m$957K$2.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
Price spread: −0.090% → −0.092%
$0.18
Slippage, 4 orders
−$102.15
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$121.97
Costs to cover
1.221%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; OKX: live order book, 2 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, 11 min ago5.97 bp29.6 bp −$3069.9 bp −$699doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago3.93 bp35.7 bp −$36doesn't fitdoesn't fitdoesn't fit

SPX on 18 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%1h0.4979−2.346%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5099+0.006%$137K$358K5xas long as short
Variational Omni SPX+0.0100%4h0.5084−0.282%$879K$1.4Mas long as short
Hyperliquid SPX+0.0100%1h0.5102+0.061%$10.2M$7.7M5xas long as short
Binance SPXUSDTlong+0.0100%4h0.5099long leg$5.1M$21.3M75x
Bybit SPXUSDT+0.0100%4h0.5091−0.149%$11.6M$16.1M50xas long as short
OKX SPX-USDT-SWAPshort+0.0100%4h0.5094−0.090%$957K$2.9M20x
Gate SPX_USDT+0.0100%4h0.5088−0.208%$1.0M$552K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5100+0.028%$11.2M$4.9M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5088−0.208%$3.7M$5.3M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5102+0.067%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5088−0.208%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5090−0.169%$46K$246K25xas long as short
SunX SPX-USDT+0.0100%4h0.5083−0.306%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5095−0.078%$37K$260K10xas long as short
Aster SPXUSDT+0.0118%4h0.5090−0.177%$129K$111K10xas long as short
Orderly PERP_SPX_USDC+0.0126%4h0.5095−0.070%$20K$59910xas long as short
Kraken Futures PF_SPXUSD+0.1169%1h0.5105+0.131%$253K$544K20xas long as short