Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Gate against Bitget−0.316%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$398as in the Funding arb table

Net, price: spread back to 7d avg − costs−$423as in the Price arb table

costs, in and out, $10k−$3963.958% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days+0.166%+$17 · spread now −0.316%, 7d avg −0.044%

Together, before fees+0.149%+$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: Gate is 0.272% cheaper against Bitget than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPXUSDT	0.5064	0.0100	pay 0.0050% / 4h	2h 32m	$2.6M	$1.5M	50x
Short	Gate SPX_USDT	0.5048	0.0100	get 0.0050% / 4h	2h 32m	$1.0M	$600K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.316%Rate

Funding earned: $0
Price spread: −0.316% → −0.044%: −$27.19
Slippage, 4 orders: −$368.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$422.99
Costs to cover: 3.958%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 4 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, 5 min ago	6.90 bp	32.1 bp −$32	103.7 bp −$1,037	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	7.89 bp	108.4 bp −$108	doesn't fit	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.679%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5055	−0.170%	$138K	$380K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5056	−0.156%	$10.3M	$7.9M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5053	−0.222%	$135K	$130K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5058	−0.109%	$5.0M	$22.5M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5053	−0.217%	$11.5M	$17.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5053	−0.217%	$930K	$3.1M	20x	as long as short
Gate SPX_USDTshort	+0.0100%	4h	0.5048	−0.316%	$1.0M	$600K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5060	−0.079%	$11.9M	$5.1M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5049	−0.296%	$3.7M	$5.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDTlong	+0.0100%	4h	0.5064	long leg	$2.6M	$1.5M	50x
BingX SPX-USDT	+0.0100%	4h	0.5057	−0.138%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5063	−0.015%	$933K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5088	+0.474%	$26K	$255K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5041	−0.454%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5062	−0.047%	$33K	$257K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0171%	4h	0.5055	−0.178%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5048	−0.316%	$249K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1453%	1h	0.5060	−0.086%	$247K	$544K	20x	as long as short