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: SunX against Bitget−0.118%7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$306as in the Funding arb table

Net, price: spread back to 7d avg − costs−$302as in the Price arb table

costs, in and out, $10k−$3063.057% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.613%−$61 · spread now −0.118%, 7d avg −0.159%

Together, before fees−0.613%−$61 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: SunX is 0.042% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPXUSDT	0.5099	0.0100	pay 0.0050% / 4h	1h 43m	$2.7M	$1.4M	50x
Short	SunX SPX-USDT	0.5093	0.0100	get 0.0050% / 4h	1h 43m	$8K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.159%: $4.17
Slippage, 4 orders: −$285.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$301.53
Costs to cover: 3.057%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; SunX: live order book, 12 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	8.89 bp	37.7 bp −$38	123.2 bp −$1,232	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	32.31 bp	130.0 bp −$130	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	−2.353%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5101	+0.043%	$137K	$359K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5097	−0.035%	$10.2M	$7.4M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5102	+0.057%	$5.2M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5097	−0.039%	$11.6M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5099	0.000%	$953K	$2.9M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5090	−0.177%	$1.0M	$555K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5092	−0.137%	$11.9M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5093	−0.118%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDTlong	+0.0100%	4h	0.5099	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	0.5097	−0.039%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5062	−0.733%	$875K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5081	−0.353%	$46K	$243K	25x	as long as short
SunX SPX-USDTshort	+0.0100%	4h	0.5093	−0.118%	$8K	$1.6M	20x
Extended SPX-USD	+0.0104%	1h	0.5102	+0.062%	$34K	$251K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0143%	4h	0.5107	+0.157%	$20K	$599	10x	as long as short
Aster SPXUSDT	+0.0146%	4h	0.5088	−0.219%	$129K	$111K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5061	−0.745%	$257K	$1.1M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1411%	1h	0.5114	+0.295%	$253K	$544K	20x	as long as short