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% APRpaid last 24h −0.001%
Price spread now: OKX against Extended−0.030%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1321.316% 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)+0.035%+$3 · spread now −0.030%, 7d avg −0.041%
Together, before fees+0.026%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX-USD0.50440.0104pay 0.0013% / 1h22m 11s$34K$228K10x
ShortOKX SPX-USDT-SWAP0.50420.0100get 0.0050% / 4h1h 22m$987K$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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% → −0.041%
$1.1
Slippage, 4 orders
−$116.56
Fee Extended: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$131.3
Costs to cover
1.316%
Break-even
never at this rate
Slippage from Extended: live order book, 60 min ago; OKX: live order book, 5 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 OKX live order book, 5 min ago3.97 bp33.4 bp −$33doesn't fitdoesn'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-SWAPshort+0.0100%4h0.5042−0.030%$987K$2.7M20x
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 SPXUSDT+0.0100%1h0.5042−0.030%$45K$248K25xas long as short
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