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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: ApeX Omni against Orderly+0.059%70s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.059% dearer against Orderly than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_SPX_USDC0.50900.0100pay 0.0050% / 4h1h 38m$20K$71110x
ShortApeX Omni SPXUSDT0.50930.0100get 0.0013% / 1h38m 11s$46K$247K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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: +0.059% → 0.000%
$5.89
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$10.11
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 43 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell ApeX Omni live order book, 43 min ago6.94 bp14.6 bp −$1598.8 bp −$988doesn't fitdoesn't fit
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1236%1h0.5073−0.331%$235K$552K20xas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−2.181%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5079−0.212%$117K$319K5xas long as short
Variational Omni SPX+0.0098%4h0.5088−0.031%$888K$1.3Mas long as short
Hyperliquid SPX+0.0100%1h0.5082−0.157%$9.9M$7.3M5xas long as short
Aster SPXUSDT+0.0100%4h0.5093+0.061%$128K$103K10xas long as short
Binance SPXUSDT+0.0100%4h0.5075−0.288%$5.1M$19.9M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5067−0.452%$11.8M$15.4M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5073−0.334%$993K$2.7M20xas long as short
Gate SPX_USDT+0.0100%4h0.5083−0.138%$1.1M$476K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5074−0.314%$11.5M$4.6M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5077−0.255%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5075−0.295%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5075−0.295%$6.9Mas long as short
ApeX Omni SPXUSDTshort+0.0100%1h0.5093+0.059%$46K$247K25x
Orderly PERP_SPX_USDClong+0.0100%4h0.5090long leg$20K$71110x
SunX SPX-USDT+0.0100%4h0.5072−0.354%$8K$1.6M20xas long as short
Extended SPX-USD+0.0104%1h0.5075−0.303%$35K$227K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5086−0.079%$254K$940K75xas long as short