Funding arb · Price arb /

SPX

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Gate−0.079%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$2352.347% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days+0.225%+$22 · spread now −0.079%, 7d avg +0.048%

Together, before fees+0.251%+$25 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: Bitget is 0.127% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5039	0.0100	pay 0.0050% / 4h	1h 24m	$1.0M	$478K	50x
Short	Bitget SPXUSDT	0.5035	0.0100	get 0.0050% / 4h	1h 24m	$2.6M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → +0.048%: −$12.71
Slippage, 4 orders: −$207.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$247.38
Costs to cover: 2.347%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	8.95 bp	80.4 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	8.94 bp	36.3 bp −$36	102.2 bp −$1,022	doesn't fit	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
Kraken Futures PF_SPXUSD	−0.1242%	1h	0.5048	+0.174%	$234K	$552K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.191%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0056%	4h	0.5024	−0.300%	$848K	$1.3M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5042	+0.056%	$116K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5034	−0.095%	$9.8M	$7.4M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5048	+0.179%	$127K	$104K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5040	+0.025%	$5.1M	$20.0M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5023	−0.318%	$11.7M	$15.5M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5034	−0.099%	$989K	$2.7M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5039	long leg	$1.0M	$478K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5037	−0.040%	$11.3M	$4.6M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5040	+0.020%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDTshort	+0.0100%	4h	0.5035	−0.079%	$2.6M	$1.4M	50x
BingX SPX-USDT	+0.0100%	4h	0.5031	−0.159%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5035	−0.079%	$45K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5039	0.000%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5028	−0.218%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5034	−0.108%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5049	+0.198%	$256K	$953K	75x	as long as short