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 +0.007%

Price spread now: Gate against Bybit+0.315%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$263as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2672.672% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.298%−$30 · spread now +0.315%, 7d avg +0.065%

Together, before fees−0.258%−$26 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 0.250% dearer against Bybit than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPXUSDT	0.5081	0.0100	pay 0.0050% / 4h	2h 43m	$11.6M	$17.0M	50x
Short	Gate SPX_USDT	0.5097	0.0100	get 0.0050% / 4h	2h 43m	$1.0M	$597K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.315%Rate

Funding earned: $0
Price spread: +0.315% → +0.065%: $25
Slippage, 4 orders: −$241.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$242.18
Costs to cover: 2.672%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; 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 Bybit live order book, just now	2.95 bp	22.5 bp −$22	84.7 bp −$847	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.91 bp	121.7 bp −$122	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	−2.007%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5092	+0.222%	$139K	$380K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5096	+0.297%	$10.3M	$7.9M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5097	+0.318%	$136K	$130K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5088	+0.138%	$5.1M	$22.4M	75x	as long as short
Bybit SPXUSDTlong	+0.0100%	4h	0.5081	long leg	$11.6M	$17.0M	50x
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5079	−0.039%	$928K	$3.1M	20x	as long as short
Gate SPX_USDTshort	+0.0100%	4h	0.5097	+0.315%	$1.0M	$597K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5095	+0.276%	$11.8M	$5.1M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5092	+0.216%	$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 SPXUSDT	+0.0100%	4h	0.5089	+0.157%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5089	+0.157%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5096	+0.288%	$938K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5105	+0.472%	$26K	$255K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5078	−0.059%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5083	+0.044%	$34K	$253K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0183%	4h	0.5092	+0.216%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5090	+0.177%	$252K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1443%	1h	0.5094	+0.247%	$249K	$545K	20x	as long as short