Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

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: Binance against Bitget−0.059%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1091.090% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.006%−$1 · spread now −0.059%, 7d avg +0.027%

Together, before fees−0.006%−$1 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: Binance is 0.086% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPXUSDT	0.5067	0.0100	pay 0.0050% / 4h	1h 45m	$2.7M	$1.4M	50x
Short	Binance SPXUSDT	0.5064	0.0100	get 0.0050% / 4h	1h 45m	$5.1M	$21.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → +0.027%: −$8.57
Slippage, 4 orders: −$87.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$117.6
Costs to cover: 1.090%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 10 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, 1 min ago	8.89 bp	37.7 bp −$38	123.2 bp −$1,232	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	3.90 bp	22.6 bp −$23	56.5 bp −$565	457.3 bp −$45.7K	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.737%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5068	+0.020%	$136K	$359K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5068	+0.018%	$10.2M	$7.4M	5x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.5064	−0.059%	$5.1M	$21.0M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5058	−0.178%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5059	−0.158%	$946K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5053	−0.276%	$1.0M	$553K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5066	−0.020%	$11.6M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5060	−0.138%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDTlong	+0.0100%	4h	0.5067	long leg	$2.7M	$1.4M	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.5060	−0.138%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5062	−0.106%	$875K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5073	+0.118%	$45K	$243K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5054	−0.257%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5062	−0.092%	$34K	$251K	10x	as long as short
Aster SPXUSDT	+0.0124%	4h	0.5060	−0.132%	$129K	$111K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0141%	4h	0.5069	+0.039%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5069	+0.039%	—	$1.1M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1421%	1h	0.5076	+0.185%	$251K	$541K	20x	as long as short