Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against Bitget+0.413%63s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$940.944% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+1.938%+$194 · spread now +0.413%, 7d avg +0.044%

Together, before fees+1.948%+$195 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: ApeX Omni is 0.368% dearer against Bitget than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPXUSDT	0.5087	0.0100	pay 0.0050% / 4h	2h 08m	$2.7M	$1.4M	50x
Short	ApeX Omni SPXUSDT	0.5108	0.0100	get 0.0013% / 1h	8m 38s	$46K	$244K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.413%Rate

Funding earned: $0
Price spread: +0.413% → +0.044%: $36.84
Slippage, 4 orders: −$72.38
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.54
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; ApeX Omni: live order book, 58 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 Bitget live order book, 4 min ago	9.77 bp	28.9 bp −$29	79.1 bp −$791	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 58 min ago	8.78 bp	17.5 bp −$18	107.4 bp −$1,074	doesn't fit	doesn't fit

SPX on 18 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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−2.123%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5083	−0.073%	$137K	$358K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5083	−0.085%	$10.2M	$7.5M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5082	−0.089%	$129K	$111K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5079	−0.166%	$5.1M	$21.2M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5080	−0.138%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5084	−0.059%	$948K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5074	−0.256%	$1.0M	$557K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5078	−0.177%	$11.5M	$4.9M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5080	−0.138%	$3.7M	$5.3M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDTlong	+0.0100%	4h	0.5087	long leg	$2.7M	$1.4M	50x
BingX SPX-USDT	+0.0100%	4h	0.5082	−0.098%	—	$6.8M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5092	+0.100%	$881K	$1.4M	—	as long as short
ApeX Omni SPXUSDTshort	+0.0100%	1h	0.5108	+0.413%	$46K	$244K	25x
SunX SPX-USDT	+0.0100%	4h	0.5071	−0.315%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5075	−0.231%	$34K	$259K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0131%	4h	0.5085	−0.039%	$20K	$599	10x	as long as short
Kraken Futures PF_SPXUSD	+0.1174%	1h	0.5086	−0.020%	$252K	$545K	20x	as long as short