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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against OKX+0.037%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1501.504% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.037%, 7d avg +0.041%
Together, before fees−0.013%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SPX-USDT-SWAP0.50870.0100pay 0.0050% / 4h3h 15m$963K$2.8M20x
ShortExtended SPX-USD0.50890.0104get 0.0013% / 1h15m 50s$36K$265K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.037% → +0.041%
−$0.39
Slippage, 4 orders
−$135.37
Fee OKX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$149.92
Costs to cover
1.504%
Break-even
1256.3 days
Slippage from OKX: live order book, 1 min ago; Extended: live order book, 56 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 ago4.93 bp46.7 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 56 min ago4.06 bp32.5 bp −$32215.3 bp −$2,153doesn'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
Variational Omni SPX+0.0018%4h0.5068−0.379%$847K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−2.123%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5091+0.077%$117K$323K5xas long as short
Hyperliquid SPX+0.0100%1h0.5092+0.094%$9.9M$7.8M5xas long as short
Aster SPXUSDT+0.0100%4h0.5079−0.149%$128K$110K10xas long as short
Binance SPXUSDT+0.0100%4h0.5088+0.020%$5.1M$21.3M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5085−0.039%$11.6M$16.1M50xas long as short
OKX SPX-USDT-SWAPlong+0.0100%4h0.5087long leg$963K$2.8M20x
Gate SPX_USDT+0.0100%4h0.5081−0.118%$1.1M$518K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5088+0.020%$11.2M$4.8M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTM+0.0100%4h0.5085−0.039%$3.7M$5.4M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5083−0.079%$2.7M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5092+0.098%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5072−0.295%$46K$247K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5085−0.039%$20K$59910xas long as short
SunX SPX-USDT+0.0100%4h0.5064−0.452%$8K$1.7M20xas long as short
Extended SPX-USDshort+0.0104%1h0.5089+0.037%$36K$265K10x
BloFin SPX-USDT+0.0340%4h0.5069−0.354%$253K$1.1M75xas long as short
Kraken Futures PF_SPXUSD+0.0960%1h0.5101+0.266%$247K$553K20xas long as short