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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0347%/8h= +38.0% APRnext payment +$1.74 per $10,000 · paid last 24h +0.164%
Price spread now: BloFin against Variational Omni+0.030%7-day average +0.193% · 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 3 days (all we have)+0.397%+$40 on $10k
Price spread, last 3 days (all we have)−0.457%−$46 · spread now +0.030%, 7d avg +0.193%
Together, before fees−0.060%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.163% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.030% now, against its 7-day average of +0.193%). If the spread goes back, that is −$16 on $10k: about 38 hours of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SPX0.5025−0.0007get 0.0004% / 4h2h 52m$847K$1.3M
ShortBloFin SPX-USDT0.50270.0340get 0.0170% / 4h2h 52m$254K$912K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$72.89
Price spread: +0.030% → +0.193%
−$16.28
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$44.61
Costs to cover
0.120%
Break-even
2.7 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; BloFin: live order book, 34 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, 1 min ago4.99 bpdoesn't fit58.8 bp −$588doesn't fitdoesn't fit
Sell BloFin live order book, 34 min ago2.93 bp16.6 bp −$1741.8 bp −$418doesn'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−0.0414%1h0.5018−0.157%$230K$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%1h0.5023−0.049%$116K$318K5xas long as short
Hyperliquid SPX+0.0100%1h0.5024−0.033%$9.8M$7.1M5xas long as short
Aster SPXUSDT+0.0100%4h0.5012−0.268%$122K$97K10xas long as short
Binance SPXUSDT+0.0100%4h0.5016−0.189%$5.0M$19.6M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5012−0.268%$11.6M$15.4M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5024−0.029%$980K$2.6M20xas long as short
Gate SPX_USDT+0.0100%4h0.5017−0.169%$1.0M$476K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5019−0.129%$11.5M$4.5M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5018−0.149%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5019−0.129%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5017−0.169%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5031+0.110%$45K$248K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5024−0.029%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5017−0.169%$8K$1.6M20xas long as short
Extended SPX-USD+0.0104%1h0.5017−0.178%$34K$227K10xas long as short
BloFin SPX-USDTshort+0.0340%4h0.5027+0.030%$254K$912K75x