Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against Gate+0.186%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$287as in the Funding arb table

Net, price: spread back to 7d avg − costs−$278as in the Price arb table

costs, in and out, $10k−$2892.889% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.039%−$4 · spread now +0.186%, 7d avg +0.075%

Together, before fees−0.019%−$2 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: Binance is 0.112% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5067	0.0100	pay 0.0050% / 4h	1h 45m	$1.0M	$553K	50x
Short	Binance SPXUSDT	0.5076	0.0100	get 0.0050% / 4h	1h 45m	$5.1M	$21.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now +0.186%Rate

Funding earned: $0
Price spread: +0.186% → +0.075%: $11.16
Slippage, 4 orders: −$263.85
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$277.69
Costs to cover: 2.889%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Binance: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	6.93 bp	109.3 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	3.90 bp	22.6 bp −$23	56.5 bp −$565	457.3 bp −$45.7K	doesn't fit

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.737%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5070	+0.065%	$136K	$359K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5080	+0.257%	$10.2M	$7.4M	5x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.5076	+0.186%	$5.1M	$21.0M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5085	+0.355%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5088	+0.414%	$948K	$2.9M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5067	long leg	$1.0M	$553K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5075	+0.158%	$11.6M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5067	0.000%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5088	+0.414%	$2.7M	$1.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.5087	+0.395%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5062	−0.106%	$875K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5073	+0.118%	$45K	$243K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5069	+0.039%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5085	+0.349%	$34K	$251K	10x	as long as short
Aster SPXUSDT	+0.0124%	4h	0.5064	−0.057%	$129K	$111K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0141%	4h	0.5086	+0.375%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5061	−0.118%	$257K	$1.1M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1414%	1h	0.5102	+0.691%	$253K	$544K	20x	as long as short