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−0.0236%/8h= −25.8% APRpaid last 24h −0.071%
Price spread now: Extended against BloFin+0.106%7-day average −0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$990.992% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.356%−$36 on $10k
Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.106%, 7d avg −0.114%
Together, before fees−0.397%+ Points / potential airdropExtended: Active · farm board−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.220% dearer against BloFin than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of −0.114%): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SPX-USDT0.50870.0340pay 0.0170% / 4h3h 14m$253K$1.1M75x
ShortExtended SPX-USD0.50920.0104get 0.0013% / 1h14m 59s$36K$265K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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
−$49.56
Price spread: +0.106% → −0.114%
$21.96
Slippage, 4 orders
−$82.16
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$126.76
Costs to cover
0.992%
Break-even
never at this rate
Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 57 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 BloFin live order book, 2 min ago11.82 bp18.8 bp −$1932.7 bp −$327doesn't fitdoesn't fit
Sell Extended live order book, 57 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+0.0018%4h0.5068−0.379%$847K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−2.123%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5093+0.122%$117K$323K5xas long as short
Hyperliquid SPX+0.0100%1h0.5098+0.214%$10.0M$7.8M5xas long as short
Aster SPXUSDT+0.0100%4h0.5080−0.144%$128K$110K10xas long as short
Binance SPXUSDT+0.0100%4h0.5094+0.138%$5.1M$21.3M75xas long as short
Bybit SPXUSDT+0.0100%4h0.50870.000%$11.6M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5089+0.039%$963K$2.8M20xas long as short
Gate SPX_USDT+0.0100%4h0.50870.000%$1.1M$519K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5093+0.118%$11.3M$4.8M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTM+0.0100%4h0.5092+0.098%$3.8M$5.4M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5098+0.216%$2.7M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5092+0.098%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5065−0.432%$45K$247K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5096+0.177%$20K$59910xas long as short
SunX SPX-USDT+0.0100%4h0.5084−0.059%$8K$1.7M20xas long as short
Extended SPX-USDshort+0.0104%1h0.5092+0.106%$36K$265K10x
BloFin SPX-USDTlong+0.0340%4h0.5087long leg$253K$1.1M75x
Kraken Futures PF_SPXUSD+0.0960%1h0.5100+0.255%$247K$553K20xas long as short