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

SPX

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotSPXUSDT
0.3453spotno funding——$1.5M1xBuy Bybit Spot
SHORT
BybitSPXUSDT
0.3448+0.0100get 0.0050% / 4h3h 44m$9.8M$3.5M50xShort Bybit
Price gap−0.145%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.022% under its 7d average: −$2 if it goes back, about 17 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$20+0.0100% /8h now · paid +0.196% over the last 7D
Price−$2spread −0.145% now, avg −0.123% → −0.022% if it goes back
Costs−$1641.636% of $10k · taker + slippage, in and out
Result−$146−1.46%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.145%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SPX on 20 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size55.8 / 21.3 bp
    At $10k entering Bybit Spot costs 55.8 bp, fee and slippage, 2.6× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; Bybit runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Bybit settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.145% vs −0.123%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$9.8M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0093%/8h × 21 periods+$19.57
Price spread−0.145% → −0.123% (7d avg)−$2.16
Slippage, 4 orderslive order books−$132.60
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$146.20
Costs to cover1.636%Break-even59.3 days
Slippage: Bybit Spot: live order book, 1 min ago; Bybit: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot2.8955.8 bp−$56doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit4.3521.3 bp−$2177.5 bp−$775doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

SPX news

posts that mention SPX, from every exchange
10-29 01:05MEXCListingSPX_USDC no longer reported ($SPX) seen by our collector
10-12 18:49Aftermath PerpsListingnew market SPXUSD ($SPX) seen by our collector
09-24 09:32ApeX OmniListing5 up, 81 down on the ApeX board. Median name -6.6%. litecoin:native +9.2% is the only real bid, riding the old-coin rotation that took bitcoin-cash:native up 30% this week after CME said it will list Bitcoin Cash futures on 19 Oct. $SPX -14.1% is the extreme. @OfficialApeXdex on X ↗