Settings8H · net · $10k
Funding arb · Price arb /

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.019%
Price spread now: Gate against Injective+3.876%84s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 3.876% dearer against Injective than usual: you sell high and buy low: +$388 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SPX/USDC PERP0.49790.0033pay 0.0004% / 1h7m 49s$9$4K5.5x
ShortGate SPX_USDT0.51720.0100get 0.0050% / 4h1h 07m$1.0M$653K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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

Funding earned
$14
Price spread: +3.876% → 0.000%
$387.63
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$386.61
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Gate: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Gate live order book, 4 min ago8.70 bp76.7 bp −$77doesn't fitdoesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SPX/USDC PERPlong+0.0033%1h0.4979long leg$9$4K5.5x
Lighter SPX+0.0096%1h0.5175+3.943%$141K$405K5xas long as short
Hyperliquid SPX+0.0100%1h0.5175+3.941%$10.5M$8.3M5xas long as short
Aster SPXUSDT+0.0100%4h0.5181+4.055%$138K$93K10xas long as short
Binance SPXUSDT+0.0100%4h0.5170+3.839%$5.2M$23.7M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5168+3.796%$11.9M$17.7M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5171+3.856%$976K$3.4M20xas long as short
Gate SPX_USDTshort+0.0100%4h0.5172+3.876%$1.0M$653K50x
MEXC SPX_USDT+0.0100%4h0.5174+3.916%$11.9M$5.3M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5174+3.916%$3.7M$5.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5177+3.977%$2.7M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5168+3.796%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5173+3.897%$979K$1.6Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5175+3.937%$26K$253K25xas long as short
SunX SPX-USDT+0.0100%4h0.5171+3.856%$8K$1.8M20xas long as short
Extended SPX-USD+0.0104%1h0.5169+3.817%$34K$243K10xas long as short
Orderly PERP_SPX_USDC+0.0180%4h0.5182+4.077%$21K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5178+3.997%$258K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1597%1h0.5187+4.173%$258K$555K20xas long as short