Funding arb · Price arb /

SPX

all SPX markets

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 0.000%

Price spread now: Bitget against BingX+0.080%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1211.212% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.134%+$13 · spread now +0.080%, 7d avg +0.038%

Together, before fees+0.134%+$13 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: Bitget is 0.042% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPX-USDT	0.4977	0.0100	pay 0.0050% / 4h	1h 01m	—	$6.9M	—
Short	Bitget SPXUSDT	0.4981	0.0100	get 0.0050% / 4h	1h 01m	$2.6M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.038%: $4.21
Slippage, 4 orders: −$99.23
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$117.02
Costs to cover: 1.212%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Bitget: live order book, 11 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 BingX live order book, 1 min ago	11.04 bp	22.8 bp −$23	50.6 bp −$506	316.7 bp −$31.7K	doesn't fit
Sell Bitget live order book, 11 min ago	12.04 bp	31.8 bp −$32	123.9 bp −$1,239	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	−0.1257%	1h	0.4987	+0.208%	$237K	$560K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	+0.040%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0035%	4h	0.4975	−0.044%	$838K	$1.3M	—	as long as short
Lighter SPX	+0.0096%	1h	0.4982	+0.096%	$114K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.4980	+0.062%	$9.6M	$7.5M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.4990	+0.269%	$126K	$108K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.4983	+0.115%	$4.9M	$20.7M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.4977	0.000%	$11.4M	$15.9M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.4983	+0.121%	$964K	$2.7M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.4980	+0.060%	$1.0M	$495K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.4980	+0.060%	$11.2M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.4980	+0.060%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDTshort	+0.0100%	4h	0.4981	+0.080%	$2.6M	$1.4M	50x
BingX SPX-USDTlong	+0.0100%	4h	0.4977	long leg	—	$6.9M	—
ApeX Omni SPXUSDT	+0.0100%	1h	0.4976	−0.020%	$45K	$247K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.4990	+0.261%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.4978	+0.020%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.4976	−0.030%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.4997	+0.402%	$247K	$948K	75x	as long as short