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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%
Price spread now: SunX against Lighter−0.227%7-day average −0.232% · you buy dearer than you sell
Net, funding: paid 7d − costs−$266as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2652.648% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 3 days (all we have)−0.332%−$33 · spread now −0.227%, 7d avg −0.232%
Together, before fees−0.346%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter SPX0.50140.0096pay 0.0012% / 1h32m 03s$115K$319K5x
ShortSunX SPX-USDT0.50030.0100get 0.0050% / 4h2h 32m$8K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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
$0.84
Price spread: −0.227% → −0.232%
$0.45
Slippage, 4 orders
−$256.8
Fee Lighter: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$263.5
Costs to cover
2.648%
Break-even
2202.9 days
Slippage from Lighter: live order book, 51 min ago; SunX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 51 min ago20.35 bp20.3 bp −$2067.1 bp −$671doesn't fitdoesn't fit
Sell SunX live order book, 3 min ago31.95 bp113.9 bp −$114doesn't fitdoesn't fitdoesn't fit

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
Kraken Futures PF_SPXUSD−0.0415%1h0.5009−0.111%$232K$560K20xas long as short
Variational Omni SPX−0.0001%4h0.5005−0.191%$843K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−0.706%$9$4K5.5xas long as short
Lighter SPXlong+0.0096%1h0.5014long leg$115K$319K5x
Hyperliquid SPX+0.0100%1h0.5014−0.010%$9.8M$7.2M5xas long as short
Aster SPXUSDT+0.0100%4h0.5018+0.073%$124K$97K10xas long as short
Binance SPXUSDT+0.0100%4h0.5012−0.043%$4.9M$19.5M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5003−0.227%$11.6M$15.4M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5011−0.068%$976K$2.6M20xas long as short
Gate SPX_USDT+0.0100%4h0.5012−0.048%$1.0M$476K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5010−0.088%$11.5M$4.5M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5015+0.012%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5015+0.012%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5008−0.128%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5010−0.088%$45K$248K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5019+0.092%$20K$71110xas long as short
SunX SPX-USDTshort+0.0100%4h0.5003−0.227%$8K$1.6M20x
Extended SPX-USD+0.0104%1h0.5010−0.079%$34K$226K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5010−0.088%$251K$912K75xas long as short