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: BingX against Bitget+0.020%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.153%−$15 · spread now +0.020%, 7d avg −0.033%

Together, before fees−0.153%−$15 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: BingX is 0.053% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.033%.

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 20m	$2.6M	$1.4M	50x
Short	BingX SPX-USDT	0.5068	0.0100	get 0.0050% / 4h	1h 20m	—	$6.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.033%: $5.31
Slippage, 4 orders: −$73.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$90.54
Costs to cover: 0.959%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 7 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, 2 min ago	6.90 bp	28.5 bp −$28	64.0 bp −$640	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	6.95 bp	21.3 bp −$21	41.4 bp −$414	214.1 bp −$21.4K	1147.2 bp −$573.6K

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	+0.016%	$136K	$359K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5066	−0.024%	$10.2M	$7.4M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5064	−0.065%	$5.1M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5064	−0.059%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5060	−0.138%	$945K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5071	+0.079%	$1.0M	$558K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5070	+0.059%	$12.0M	$4.8M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5072	+0.099%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDTlong	+0.0100%	4h	0.5067	long leg	$2.6M	$1.4M	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDTshort	+0.0100%	4h	0.5068	+0.020%	—	$6.9M	—
Variational Omni SPX	+0.0100%	4h	0.5071	+0.070%	$885K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5059	−0.158%	$25K	$253K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5057	−0.197%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5062	−0.095%	$33K	$250K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0143%	4h	0.5072	+0.099%	$20K	$599	10x	as long as short
Aster SPXUSDT	+0.0151%	4h	0.5084	+0.326%	$129K	$111K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5085	+0.355%	$254K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1425%	1h	0.5064	−0.067%	$251K	$544K	20x	as long as short