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: BingX against Gate−0.138%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$308as in the Funding arb table

Net, price: spread back to 7d avg − costs−$325as in the Price arb table

costs, in and out, $10k−$3103.098% of the position

Long on Gate Short on BingX

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+0.217%+$22 · spread now −0.138%, 7d avg +0.015%

Together, before fees+0.237%+$24 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: BingX is 0.153% cheaper against Gate than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5062	0.0100	pay 0.0050% / 4h	1h 20m	$1.0M	$558K	50x
Short	BingX SPX-USDT	0.5055	0.0100	get 0.0050% / 4h	1h 20m	—	$6.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.138%Rate

Funding earned: $0
Price spread: −0.138% → +0.015%: −$15.32
Slippage, 4 orders: −$284.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$325.14
Costs to cover: 3.098%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; BingX: live order book, 8 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	6.90 bp	165.6 bp −$166	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	6.95 bp	21.3 bp −$21	41.4 bp −$414	214.1 bp −$21.4K	1147.2 bp −$573.6K

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	−1.640%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5068	+0.115%	$136K	$359K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5059	−0.051%	$10.1M	$7.4M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5055	−0.138%	$5.1M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5053	−0.178%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5053	−0.178%	$943K	$2.9M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5062	long leg	$1.0M	$558K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5058	−0.079%	$11.9M	$4.8M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5063	+0.020%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5058	−0.079%	$2.6M	$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-USDTshort	+0.0100%	4h	0.5055	−0.138%	—	$6.9M	—
Variational Omni SPX	+0.0100%	4h	0.5071	+0.169%	$885K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5059	−0.059%	$25K	$253K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5057	−0.099%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5057	−0.104%	$33K	$250K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0143%	4h	0.5072	+0.198%	$20K	$599	10x	as long as short
Aster SPXUSDT	+0.0151%	4h	0.5080	+0.350%	$129K	$111K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5085	+0.454%	$254K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1425%	1h	0.5064	+0.031%	$251K	$544K	20x	as long as short