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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%
Price spread now: KuCoin against OKX+0.060%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2002.003% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 7 days−0.012%−$1 · spread now +0.060%, 7d avg +0.063%
Together, before fees−0.030%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SPX-USDT-SWAP0.50040.0100pay 0.0050% / 4h44m 17s$935K$2.9M20x
ShortKuCoin SPXUSDTM0.50070.0100get 0.0050% / 4h44m 17s$3.7M$5.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.060% → +0.063%
−$0.32
Slippage, 4 orders
−$178.31
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$200.63
Costs to cover
2.003%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 4 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, 3 min ago2.01 bp25.9 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago4.01 bp61.7 bp −$62275.4 bp −$2,754doesn'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%1h0.4979−0.500%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5011+0.134%$134K$357K5xas long as short
Hyperliquid SPX+0.0100%1h0.5008+0.074%$10.1M$7.4M5xas long as short
Binance SPXUSDT+0.0100%4h0.5008+0.078%$5.0M$21.3M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5005+0.020%$11.3M$16.4M50xas long as short
OKX SPX-USDT-SWAPlong+0.0100%4h0.5004long leg$935K$2.9M20x
Gate SPX_USDT+0.0100%4h0.4998−0.120%$996K$558K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5007+0.060%$12.0M$4.8M100xas long as short
KuCoin SPXUSDTMshort+0.0100%4h0.5007+0.060%$3.7M$5.2M50x
Bitget SPXUSDT+0.0100%4h0.5007+0.060%$2.6M$1.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.5010+0.120%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.4979−0.498%$837K$1.4Mas long as short
SunX SPX-USDT+0.0100%4h0.4993−0.220%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5001−0.056%$33K$249K10xas long as short
Aster SPXUSDT+0.0119%4h0.4991−0.258%$133K$122K10xas long as short
Orderly PERP_SPX_USDC+0.0152%4h0.5013+0.180%$20K$59910xas long as short
ApeX Omni SPXUSDT+0.0284%1h0.4982−0.440%$25K$254K25xas long as short
BloFin SPX-USDT+0.0340%4h0.4993−0.220%$251K$989K75xas long as short
Kraken Futures PF_SPXUSD+0.1286%1h0.5018+0.273%$244K$549K20xas long as short