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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against SunX+0.158%73s7-day average +0.169% · you sell dearer than you buy
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2542.544% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 3 days (all we have)+0.111%+$11 · spread now +0.158%, 7d avg +0.169%
Together, before fees+0.120%+$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPX-USDT0.50640.0100pay 0.0050% / 4h3h 15m$8K$1.7M20x
ShortApeX Omni SPXUSDT0.50720.0100get 0.0013% / 1h15m 49s$46K$247K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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: +0.158% → +0.169%
−$1.08
Slippage, 4 orders
−$236.39
Fee SunX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$255.47
Costs to cover
2.544%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; ApeX Omni: 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 SunX live order book, 9 min ago31.45 bp107.6 bp −$108doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 56 min ago6.94 bp18.3 bp −$18109.0 bp −$1,090doesn'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+0.073%$847K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−1.679%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5091+0.531%$117K$323K5xas long as short
Hyperliquid SPX+0.0100%1h0.5092+0.549%$9.9M$7.8M5xas long as short
Aster SPXUSDT+0.0100%4h0.5079+0.305%$128K$110K10xas long as short
Binance SPXUSDT+0.0100%4h0.5088+0.474%$5.1M$21.3M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5085+0.415%$11.6M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5087+0.454%$963K$2.8M20xas long as short
Gate SPX_USDT+0.0100%4h0.5081+0.336%$1.1M$518K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5088+0.474%$11.2M$4.8M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTM+0.0100%4h0.5085+0.415%$3.7M$5.4M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5083+0.375%$2.7M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5092+0.553%$6.9Mas long as short
ApeX Omni SPXUSDTshort+0.0100%1h0.5072+0.158%$46K$247K25x
Orderly PERP_SPX_USDC+0.0100%4h0.5085+0.415%$20K$59910xas long as short
SunX SPX-USDTlong+0.0100%4h0.5064long leg$8K$1.7M20x
Extended SPX-USD+0.0104%1h0.5089+0.492%$36K$265K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5069+0.099%$253K$1.1M75xas long as short
Kraken Futures PF_SPXUSD+0.0960%1h0.5101+0.721%$247K$553K20xas long as short