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 +0.008%

Price spread now: Bitget against Bybit+0.079%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1201.202% of the position

Long on Bybit Short on Bitget

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+0.297%+$30 · spread now +0.079%, 7d avg +0.119%

Together, before fees+0.354%+$35 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: Bitget is 0.041% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPXUSDT	0.5072	0.0100	pay 0.0050% / 4h	3h 46m	$11.5M	$16.1M	50x
Short	Bitget SPXUSDT	0.5076	0.0100	get 0.0050% / 4h	3h 46m	$2.6M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.119%: −$4.05
Slippage, 4 orders: −$97.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$124.25
Costs to cover: 1.202%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 1 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 Bybit live order book, 2 min ago	3.96 bp	18.7 bp −$19	66.4 bp −$664	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	10.85 bp	44.2 bp −$44	120.0 bp −$1,200	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
Variational Omni SPX	+0.0033%	4h	0.5072	−0.006%	$839K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.834%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5089	+0.335%	$127K	$314K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5078	+0.124%	$9.9M	$7.8M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5076	+0.077%	$128K	$110K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5080	+0.154%	$5.0M	$21.2M	75x	as long as short
Bybit SPXUSDTlong	+0.0100%	4h	0.5072	long leg	$11.5M	$16.1M	50x
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5075	+0.059%	$963K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5075	+0.059%	$1.1M	$509K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5075	+0.059%	$11.2M	$4.7M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5080	+0.158%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDTshort	+0.0100%	4h	0.5076	+0.079%	$2.6M	$1.5M	50x
BingX SPX-USDT	+0.0100%	4h	0.5073	+0.020%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5065	−0.138%	$45K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5089	+0.335%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5056	−0.315%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5077	+0.098%	$33K	$258K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5062	−0.197%	$249K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.0965%	1h	0.5074	+0.042%	$246K	$555K	20x	as long as short