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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.019%
Price spread now: KuCoin against Extended−0.018%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$2032.028% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.018%, 7d avg +0.047%
Together, before fees+0.106%+ Points / potential airdropExtended: Active · farm board+$11 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: KuCoin is 0.065% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX-USD0.50320.0104pay 0.0013% / 1h27m 09s$34K$226K10x
ShortKuCoin SPXUSDTM0.50310.0100get 0.0050% / 4h2h 27m$3.8M$5.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.018% → +0.047%
−$6.53
Slippage, 4 orders
−$185.79
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$210.15
Costs to cover
2.028%
Break-even
never at this rate
Slippage from Extended: live order book, 60 min ago; KuCoin: live order book, 1 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 ago3.32 bp35.2 bp −$35219.0 bp −$2,190doesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago0.99 bp54.2 bp −$54295.4 bp −$2,954doesn'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−0.0413%1h0.5033+0.014%$233K$560K20xas long as short
Variational Omni SPX+0.0030%4h0.5009−0.460%$842K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−1.052%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5032+0.012%$116K$319K5xas long as short
Hyperliquid SPX+0.0100%1h0.5031−0.012%$9.8M$7.2M5xas long as short
Aster SPXUSDT+0.0100%4h0.5026−0.124%$124K$97K10xas long as short
Binance SPXUSDT+0.0100%4h0.5031−0.018%$5.0M$19.5M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5027−0.098%$11.6M$15.4M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5026−0.118%$978K$2.6M20xas long as short
Gate SPX_USDT+0.0100%4h0.5026−0.118%$1.0M$476K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5030−0.038%$11.5M$4.5M100xas long as short
KuCoin SPXUSDTMshort+0.0100%4h0.5031−0.018%$3.8M$5.2M50x
Bitget SPXUSDT+0.0100%4h0.5032+0.002%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5036+0.081%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5013−0.376%$45K$248K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5041+0.180%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5026−0.118%$8K$1.6M20xas long as short
Extended SPX-USDlong+0.0104%1h0.5032long leg$34K$226K10x
BloFin SPX-USDT+0.0340%4h0.5038+0.121%$252K$914K75xas long as short