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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Bybit against OKX−0.040%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$980.982% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 7 days−0.090%−$9 · spread now −0.040%, 7d avg −0.050%
Together, before fees−0.148%−$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SPX-USDT-SWAP0.50610.0100pay 0.0050% / 4h2h 41m$928K$3.1M20x
ShortBybit SPXUSDT0.50590.0100get 0.0050% / 4h2h 41m$11.5M$17.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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
Price spread: −0.040% → −0.050%
$1.06
Slippage, 4 orders
−$77.2
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$97.14
Costs to cover
0.982%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 2 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 OKX live order book, 1 min ago2.95 bp30.8 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago2.95 bp14.3 bp −$1445.0 bp −$450doesn'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
Injective SPX/USDC PERP+0.0033%1h0.4979−1.620%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5086+0.492%$138K$380K5xas long as short
Hyperliquid SPX+0.0100%1h0.5071+0.200%$10.3M$7.9M5xas long as short
Aster SPXUSDT+0.0100%4h0.5080+0.377%$135K$130K10xas long as short
Binance SPXUSDT+0.0100%4h0.5072+0.210%$5.0M$22.4M75xas long as short
Bybit SPXUSDTshort+0.0100%4h0.5059−0.040%$11.5M$17.0M50x
OKX SPX-USDT-SWAPlong+0.0100%4h0.5061long leg$928K$3.1M20x
Gate SPX_USDT+0.0100%4h0.5068+0.138%$1.0M$598K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5079+0.356%$11.8M$5.1M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5084+0.454%$3.7M$5.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5069+0.158%$2.6M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5067+0.119%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5074+0.260%$937K$1.5Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5086+0.494%$26K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5081+0.395%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5077+0.308%$34K$254K10xas long as short
Orderly PERP_SPX_USDC+0.0182%4h0.5090+0.573%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5094+0.652%$252K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1443%1h0.5094+0.643%$249K$545K20xas long as short