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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against SunX+0.078%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$2872.874% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 3 days (all we have)+0.673%+$67 · spread now +0.078%, 7d avg +0.077%
Together, before fees+0.681%+ Points / potential airdropExtended: Active · farm board+$68 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPX-USDT0.50400.0100pay 0.0050% / 4h2h 58m$8K$1.6M20x
ShortExtended SPX-USD0.50440.0104get 0.0013% / 1h58m 45s$35K$227K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.078% → +0.077%
$0.08
Slippage, 4 orders
−$274.44
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$286.52
Costs to cover
2.874%
Break-even
2394.7 days
Slippage from SunX: live order book, 6 min ago; Extended: live order book, 28 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, 6 min ago30.75 bp106.0 bp −$106doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 28 min ago3.32 bp33.3 bp −$33223.9 bp −$2,239doesn'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
Kraken Futures PF_SPXUSD−0.0411%1h0.5053+0.254%$231K$563K20xas long as short
Variational Omni SPX+0.0009%4h0.5059+0.378%$850K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−1.210%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5051+0.216%$116K$318K5xas long as short
Hyperliquid SPX+0.0100%1h0.5052+0.232%$9.9M$7.1M5xas long as short
Aster SPXUSDT+0.0100%4h0.5056+0.323%$123K$96K10xas long as short
Binance SPXUSDT+0.0100%4h0.5048+0.159%$5.0M$19.6M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5041+0.020%$11.7M$15.5M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5045+0.099%$990K$2.6M20xas long as short
Gate SPX_USDT+0.0100%4h0.5049+0.179%$1.0M$475K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5048+0.159%$11.6M$4.5M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5048+0.159%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5050+0.198%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5049+0.179%$6.8Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5053+0.258%$45K$248K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5062+0.437%$20K$71110xas long as short
SunX SPX-USDTlong+0.0100%4h0.5040long leg$8K$1.6M20x
Extended SPX-USDshort+0.0104%1h0.5044+0.078%$35K$227K10x
BloFin SPX-USDT+0.0340%4h0.5054+0.278%$257K$970K75xas long as short