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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bitget against Extended−0.009%7-day average +0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1361.358% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.009%, 7d avg +0.085%
Together, before fees+0.076%+ Points / potential airdropExtended: Active · farm board+$8 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 0.094% cheaper against Extended than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.085%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX-USD0.50840.0104pay 0.0013% / 1h46m 52s$33K$258K10x
ShortBitget SPXUSDT0.50840.0100get 0.0050% / 4h3h 46m$2.6M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.009% → +0.085%
−$9.42
Slippage, 4 orders
−$118.79
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$146.04
Costs to cover
1.358%
Break-even
never at this rate
Slippage from Extended: live order book, 25 min ago; Bitget: live order book, 6 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, 25 min ago4.06 bp29.0 bp −$29203.0 bp −$2,030doesn't fitdoesn't fit
Sell Bitget live order book, 6 min ago10.86 bp33.6 bp −$3477.3 bp −$773doesn'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
Variational Omni SPX+0.0015%4h0.5070−0.290%$840K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−2.074%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5069−0.298%$126K$314K5xas long as short
Hyperliquid SPX+0.0100%1h0.5073−0.219%$9.9M$7.8M5xas long as short
Aster SPXUSDT+0.0100%4h0.5066−0.363%$128K$110K10xas long as short
Binance SPXUSDT+0.0100%4h0.5084−0.007%$5.0M$21.2M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5082−0.048%$11.6M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5084−0.009%$965K$2.8M20xas long as short
Gate SPX_USDT+0.0100%4h0.5080−0.088%$1.1M$508K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5086+0.030%$11.2M$4.7M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTM+0.0100%4h0.5076−0.166%$3.7M$5.4M50xas long as short
Bitget SPXUSDTshort+0.0100%4h0.5084−0.009%$2.6M$1.5M50x
BingX SPX-USDT+0.0100%4h0.5086+0.030%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5065−0.383%$45K$246K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5073−0.225%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5056−0.560%$8K$1.7M20xas long as short
Extended SPX-USDlong+0.0104%1h0.5084long leg$33K$258K10x
BloFin SPX-USDT+0.0340%4h0.5062−0.442%$249K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.0965%1h0.5074−0.203%$246K$555K20xas long as short