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 −0.017%

Price spread now: KuCoin against Gate+0.020%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$330as in the Funding arb table

Net, price: spread back to 7d avg − costs−$333as in the Price arb table

costs, in and out, $10k−$3313.309% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.020%, 7d avg +0.046%

Together, before fees−0.046%−$5 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: KuCoin is 0.026% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5044	0.0100	pay 0.0050% / 4h	55m 06s	$1.0M	$493K	50x
Short	KuCoin SPXUSDTM	0.5045	0.0100	get 0.0050% / 4h	55m 06s	$3.8M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.046%: −$2.57
Slippage, 4 orders: −$303.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$333.43
Costs to cover: 3.309%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; KuCoin: 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, 2 min ago	7.93 bp	73.3 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.99 bp	87.3 bp −$87	319.2 bp −$3,192	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	−0.1179%	1h	0.5057	+0.266%	$240K	$560K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.289%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0062%	4h	0.5034	−0.192%	$847K	$1.3M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5051	+0.139%	$116K	$318K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5053	+0.180%	$9.7M	$7.5M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5041	−0.055%	$127K	$108K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5054	+0.189%	$4.9M	$20.8M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5045	+0.020%	$11.6M	$15.9M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5051	+0.139%	$967K	$2.8M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5044	long leg	$1.0M	$493K	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	0.5052	+0.159%	$11.3M	$4.7M	100x	as long as short
KuCoin SPXUSDTMshort	+0.0100%	4h	0.5045	+0.020%	$3.8M	$5.3M	50x
Bitget SPXUSDT	+0.0100%	4h	0.5046	+0.040%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5050	+0.119%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5032	−0.238%	$45K	$247K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5058	+0.278%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5043	−0.020%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5049	+0.091%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5052	+0.159%	$244K	$962K	75x	as long as short