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+0.0107%/8h= +11.7% APRpaid last 24h +0.091%
Price spread now: ApeX Omni against Variational Omni−0.189%7-day average +0.182% · you buy dearer than you sell
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 3 days (all we have)+0.168%+$17 on $10k
Price spread, last 3 days (all we have)+0.398%+$40 · spread now −0.189%, 7d avg +0.182%
Together, before fees+0.566%+ Points / potential airdropVariational Omni: Active · farm board+$57 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.371% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.189% now, against its 7-day average of +0.182%). If the spread goes back, that is −$37 on $10k: about 12 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SPX0.5025−0.0007get 0.0004% / 4h2h 50m$847K$1.3M
ShortApeX Omni SPXUSDT0.50160.0100get 0.0013% / 1h50m 58s$45K$248K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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
$22.49
Price spread: −0.189% → +0.182%
−$37.07
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$24.58
Costs to cover
0.100%
Break-even
14.7 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; ApeX Omni: live order book, 35 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 Variational Omni RFQ quote, 3 min ago4.99 bpdoesn't fit58.8 bp −$588doesn't fitdoesn't fit
Sell ApeX Omni live order book, 35 min ago7.82 bp16.4 bp −$1693.7 bp −$937doesn'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−0.0415%1h0.5004−0.427%$229K$560K20xas long as short
Variational Omni SPXlong−0.0007%4h0.5025long leg$847K$1.3M
Injective SPX/USDC PERP+0.0033%1h0.4979−0.925%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5012−0.264%$116K$318K5xas long as short
Hyperliquid SPX+0.0100%1h0.5013−0.240%$9.8M$7.1M5xas long as short
Aster SPXUSDT+0.0100%4h0.5012−0.276%$123K$97K10xas long as short
Binance SPXUSDT+0.0100%4h0.5012−0.268%$5.0M$19.6M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5005−0.407%$11.6M$15.4M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5009−0.328%$975K$2.6M20xas long as short
Gate SPX_USDT+0.0100%4h0.5006−0.388%$1.0M$476K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5012−0.268%$11.5M$4.5M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5009−0.328%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5012−0.268%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5007−0.368%$6.9Mas long as short
ApeX Omni SPXUSDTshort+0.0100%1h0.5016−0.189%$45K$248K25x
Orderly PERP_SPX_USDC+0.0100%4h0.5017−0.169%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5000−0.507%$8K$1.6M20xas long as short
Extended SPX-USD+0.0104%1h0.5009−0.335%$34K$227K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5012−0.268%$253K$910K75xas long as short