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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bitget−0.230%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1141.143% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.230%, 7d avg −0.085%
Together, before fees+0.162%+ Points / potential airdropExtended: Active · farm board+$16 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: Extended is 0.145% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.085%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SPXUSDT0.50790.0100pay 0.0050% / 4h3h 21m$2.6M$1.4M50x
ShortExtended SPX-USD0.50670.0104get 0.0013% / 1h21m 15s$36K$265K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.230% → −0.085%
−$14.45
Slippage, 4 orders
−$97.3
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$127.91
Costs to cover
1.143%
Break-even
1072.9 days
Slippage from Bitget: live order book, 1 min ago; Extended: live order book, 51 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 Bitget live order book, 1 min ago10.83 bp30.9 bp −$3160.9 bp −$609doesn't fitdoesn't fit
Sell Extended live order book, 51 min ago4.06 bp32.5 bp −$32215.3 bp −$2,153doesn't fitdoesn't fit

SPX on 19 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
Variational Omni SPX−0.0032%4h0.5063−0.312%$844K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−1.969%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5075−0.073%$127K$314K5xas long as short
Hyperliquid SPX+0.0100%1h0.5071−0.165%$10.0M$7.7M5xas long as short
Aster SPXUSDT+0.0100%4h0.5078−0.029%$128K$110K10xas long as short
Binance SPXUSDT+0.0100%4h0.5069−0.197%$5.1M$21.3M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5068−0.217%$11.5M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5059−0.394%$960K$2.8M20xas long as short
Gate SPX_USDT+0.0100%4h0.5069−0.197%$1.0M$516K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5070−0.177%$11.4M$4.8M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTM+0.0100%4h0.5071−0.158%$3.7M$5.4M50xas long as short
Bitget SPXUSDTlong+0.0100%4h0.5079long leg$2.6M$1.4M50x
BingX SPX-USDT+0.0100%4h0.5082+0.059%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5091+0.236%$46K$247K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5077−0.039%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5060−0.374%$8K$1.7M20xas long as short
Extended SPX-USDshort+0.0104%1h0.5067−0.230%$36K$265K10x
BloFin SPX-USDT+0.0340%4h0.5069−0.197%$252K$1.1M75xas long as short
Kraken Futures PF_SPXUSD+0.0965%1h0.5076−0.058%$246K$552K20xas long as short