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: SunX against Extended−0.384%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$312as in the Price arb table
costs, in and out, $10k−$2822.817% 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 3 days (all we have)+0.095%+$10 · spread now −0.384%, 7d avg −0.077%
Together, before fees+0.087%+ Points / potential airdropExtended: Active · farm board+$9 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: SunX is 0.308% cheaper against Extended than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of −0.077%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX-USD0.50990.0104pay 0.0013% / 1h42m 16s$35K$227K10x
ShortSunX SPX-USDT0.50790.0100get 0.0050% / 4h1h 42m$8K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.384% → −0.077%
−$30.78
Slippage, 4 orders
−$268.72
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$313.34
Costs to cover
2.817%
Break-even
never at this rate
Slippage from Extended: live order book, 40 min ago; SunX: live order book, 3 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, 40 min ago3.28 bp32.2 bp −$32217.2 bp −$2,172doesn't fitdoesn't fit
Sell SunX live order book, 3 min ago30.58 bp112.9 bp −$113doesn'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−0.1230%1h0.5097−0.034%$236K$552K20xas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−2.346%$9$4K5.5xas long as short
Variational Omni SPX+0.0085%4h0.5058−0.796%$881K$1.3Mas long as short
Lighter SPX+0.0096%1h0.5090−0.178%$117K$319K5xas long as short
Hyperliquid SPX+0.0100%1h0.5103+0.084%$9.9M$7.3M5xas long as short
Aster SPXUSDT+0.0100%4h0.5099+0.013%$128K$103K10xas long as short
Binance SPXUSDT+0.0100%4h0.5100+0.026%$5.2M$19.9M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5096−0.051%$11.9M$15.4M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5103+0.086%$998K$2.7M20xas long as short
Gate SPX_USDT+0.0100%4h0.5096−0.051%$1.1M$476K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5100+0.028%$11.5M$4.6M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5097−0.031%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5100+0.028%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5102+0.067%$6.9Mas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5107+0.165%$20K$71110xas long as short
SunX SPX-USDTshort+0.0100%4h0.5079−0.384%$8K$1.6M20x
Extended SPX-USDlong+0.0104%1h0.5099long leg$35K$227K10x
ApeX Omni SPXUSDT+0.0173%1h0.5075−0.463%$46K$248K25xas long as short
BloFin SPX-USDT+0.0340%4h0.5089−0.188%$256K$940K75xas long as short