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: OKX against Gate+0.059%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3283.278% of the position

Long on Gate Short on OKX

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−0.004%$0 · spread now +0.059%, 7d avg −0.017%

Together, before fees+0.016%+$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: OKX is 0.076% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5086	0.0100	pay 0.0050% / 4h	2h 07m	$1.0M	$557K	50x
Short	OKX SPX-USDT-SWAP	0.5089	0.0100	get 0.0050% / 4h	2h 07m	$952K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.017%: $7.58
Slippage, 4 orders: −$302.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$320.24
Costs to cover: 3.278%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	6.86 bp	123.2 bp −$123	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.92 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit

SPX on 18 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	−2.104%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5094	+0.157%	$137K	$358K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5102	+0.309%	$10.2M	$7.5M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5081	−0.094%	$129K	$111K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5093	+0.132%	$5.2M	$21.2M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5091	+0.098%	$11.6M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAPshort	+0.0100%	4h	0.5089	+0.059%	$952K	$2.9M	20x
Gate SPX_USDTlong	+0.0100%	4h	0.5086	long leg	$1.0M	$557K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5092	+0.118%	$11.5M	$4.9M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5090	+0.079%	$3.7M	$5.3M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5095	+0.177%	$2.7M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5095	+0.177%	—	$6.8M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5092	+0.120%	$881K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5108	+0.433%	$46K	$244K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5081	−0.098%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5091	+0.095%	$34K	$258K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0132%	4h	0.5094	+0.157%	$20K	$599	10x	as long as short
Kraken Futures PF_SPXUSD	+0.1171%	1h	0.5100	+0.266%	$252K	$545K	20x	as long as short