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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.002%
Price spread now: ApeX Omni against Extended−0.030%72s7-day average +0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$880.878% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 3 days (all we have)+0.715%+$71 · spread now −0.030%, 7d avg +0.130%
Together, before fees+0.715%+ Points / potential airdropExtended: Active · farm board+$72 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: ApeX Omni is 0.160% cheaper against Extended than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.130%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX-USD0.50440.0104pay 0.0013% / 1h22m 12s$34K$228K10x
ShortApeX Omni SPXUSDT0.50420.0100get 0.0013% / 1h22m 12s$45K$248K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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
−$0.84
Price spread: −0.030% → +0.130%
−$16
Slippage, 4 orders
−$72.81
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$104.65
Costs to cover
0.878%
Break-even
never at this rate
Slippage from Extended: live order book, 60 min ago; ApeX Omni: live order book, 59 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 Extended live order book, 60 min ago3.28 bp32.2 bp −$32217.2 bp −$2,172doesn't fitdoesn't fit
Sell ApeX Omni live order book, 59 min ago6.94 bp14.6 bp −$1598.8 bp −$988doesn'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
Kraken Futures PF_SPXUSD−0.1242%1h0.5046+0.041%$234K$551K20xas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−1.279%$9$4K5.5xas long as short
Variational Omni SPX+0.0056%4h0.5024−0.389%$848K$1.3Mas long as short
Lighter SPX+0.0096%1h0.5051+0.152%$116K$319K5xas long as short
Hyperliquid SPX+0.0100%1h0.5040−0.062%$9.8M$7.4M5xas long as short
Aster SPXUSDT+0.0100%4h0.5039−0.093%$127K$104K10xas long as short
Binance SPXUSDT+0.0100%4h0.5045+0.037%$5.1M$20.0M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5037−0.129%$11.7M$15.5M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5042−0.030%$987K$2.7M20xas long as short
Gate SPX_USDT+0.0100%4h0.5029−0.288%$1.0M$478K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5045+0.029%$11.3M$4.6M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5035−0.169%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5044+0.010%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5045+0.029%$6.9Mas long as short
ApeX Omni SPXUSDTshort+0.0100%1h0.5042−0.030%$45K$248K25x
Orderly PERP_SPX_USDC+0.0100%4h0.5048+0.089%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5031−0.248%$8K$1.6M20xas long as short
Extended SPX-USDlong+0.0104%1h0.5044long leg$34K$228K10x
BloFin SPX-USDT+0.0340%4h0.5037−0.129%$256K$951K75xas long as short