Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Gate against OKX−0.099%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2142.142% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days+0.180%+$18 · spread now −0.099%, 7d avg +0.021%

Together, before fees+0.155%+$15 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: Gate is 0.120% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPX-USDT-SWAP	0.5051	0.0100	pay 0.0050% / 4h	33m 35s	$962K	$2.8M	20x
Short	Gate SPX_USDT	0.5046	0.0100	get 0.0050% / 4h	33m 35s	$1.0M	$500K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → +0.021%: −$11.96
Slippage, 4 orders: −$189.22
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$226.18
Costs to cover: 2.142%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 3 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 OKX live order book, 4 min ago	3.95 bp	43.3 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	7.91 bp	72.1 bp −$72	doesn't fit	doesn't fit	doesn't fit

SPX on 19 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
Kraken Futures PF_SPXUSD	−0.1179%	1h	0.5057	+0.116%	$240K	$559K	20x	as long as short
Variational Omni SPX	−0.0019%	4h	0.5052	+0.018%	$845K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.425%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5050	−0.028%	$116K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5054	+0.057%	$9.9M	$7.7M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5046	−0.107%	$129K	$109K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5050	−0.020%	$5.0M	$21.0M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5041	−0.198%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAPlong	+0.0100%	4h	0.5051	long leg	$962K	$2.8M	20x
Gate SPX_USDTshort	+0.0100%	4h	0.5046	−0.099%	$1.0M	$500K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5051	0.000%	$11.2M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5047	−0.079%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5056	+0.099%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5047	−0.079%	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5060	+0.178%	$45K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5053	+0.040%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5040	−0.218%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5054	+0.052%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5046	−0.099%	$247K	$983K	75x	as long as short