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

SPX

all SPX markets
SwapBacktest
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 +0.008%
Price spread now: BingX against Bybit+0.099%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$850.848% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.058%+$6 on $10k
Price spread, last 7 days+0.007%+$1 · spread now +0.099%, 7d avg +0.082%
Together, before fees+0.065%+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SPXUSDT0.50480.0100pay 0.0050% / 4h1h 17m$11.5M$16.1M50x
ShortBingX SPX-USDT0.50530.0100get 0.0050% / 4h1h 17m$6.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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
Price spread: +0.099% → +0.082%
$1.69
Slippage, 4 orders
−$63.78
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$83.09
Costs to cover
0.848%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 10 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 Bybit live order book, 1 min ago3.96 bp20.2 bp −$2072.6 bp −$726doesn't fitdoesn't fit
Sell BingX live order book, 10 min ago6.95 bp21.3 bp −$2141.4 bp −$414214.1 bp −$21.4K1147.2 bp −$573.6K

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SPX/USDC PERP+0.0033%1h0.4979−1.367%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5058+0.206%$136K$359K5xas long as short
Hyperliquid SPX+0.0100%1h0.5053+0.093%$10.1M$7.4M5xas long as short
Binance SPXUSDT+0.0100%4h0.5054+0.117%$5.1M$21.1M75xas long as short
Bybit SPXUSDTlong+0.0100%4h0.5048long leg$11.5M$16.1M50x
OKX SPX-USDT-SWAP+0.0100%4h0.50480.000%$942K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5047−0.020%$1.0M$559K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5052+0.079%$11.9M$4.8M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5054+0.119%$3.7M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5056+0.158%$2.6M$1.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDTshort+0.0100%4h0.5053+0.099%$6.9M
Variational Omni SPX+0.0100%4h0.5071+0.447%$885K$1.4Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5082+0.674%$25K$253K25xas long as short
SunX SPX-USDT+0.0100%4h0.50480.000%$8K$1.6M20xas long as short
Extended SPX-USD+0.0104%1h0.5053+0.103%$33K$250K10xas long as short
Aster SPXUSDT+0.0140%4h0.5053+0.103%$128K$111K10xas long as short
Orderly PERP_SPX_USDC+0.0143%4h0.5059+0.218%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5063+0.297%$253K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1426%1h0.5057+0.176%$250K$544K20xas long as short