Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

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 0.000%

Price spread now: Binance against SunX+0.590%56s7-day average +0.185% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.284%−$28 · spread now +0.590%, 7d avg +0.185%

Together, before fees−0.284%−$28 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: Binance is 0.405% dearer against SunX than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.185%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPX-USDT	0.5066	0.0100	pay 0.0050% / 4h	3h 43m	$8K	$1.7M	20x
Short	Binance SPXUSDT	0.5096	0.0100	get 0.0050% / 4h	3h 43m	$5.0M	$21.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee SunXbpFee BinancebpOrdersPrice spread, now +0.590%Rate

Funding earned: $0
Price spread: +0.590% → +0.185%: $40.5
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $22.5
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SunX: live order book, 12 min ago; Binance: live order book, 13 min ago. Net counts fees only.

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 SunX live order book, 12 min ago	500.89 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.98 bp	15.3 bp −$15	46.2 bp −$462	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
Variational Omni SPX	+0.0033%	4h	0.5072	+0.113%	$839K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.717%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5093	+0.543%	$127K	$314K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5107	+0.811%	$10.0M	$7.9M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5073	+0.135%	$128K	$110K	10x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.5096	+0.590%	$5.0M	$21.2M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5092	+0.513%	$11.6M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5102	+0.711%	$969K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5086	+0.395%	$1.1M	$509K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5099	+0.651%	$11.2M	$4.7M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5090	+0.474%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5092	+0.513%	$2.6M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5094	+0.553%	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5084	+0.355%	$46K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5099	+0.651%	$20K	$711	10x	as long as short
SunX SPX-USDTlong	+0.0100%	4h	0.5066	long leg	$8K	$1.7M	20x
Extended SPX-USD	+0.0104%	1h	0.5095	+0.581%	$33K	$270K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5081	+0.296%	$250K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.0963%	1h	0.5086	+0.399%	$247K	$556K	20x	as long as short