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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.062%
Price spread now: Extended against Variational Omni+0.426%7-day average +0.054% · 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)+0.180%+$18 on $10k
Price spread, last 4 days (all we have)−1.423%−$142 · spread now +0.426%, 7d avg +0.054%
Together, before fees−1.244%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$124 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: Extended is 0.372% dearer against Variational Omni than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SPX0.50620.0100pay 0.0050% / 4h1h 44m$875K$1.4M
ShortExtended SPX-USD0.50830.0104get 0.0013% / 1h44m 03s$34K$251K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.426% → +0.054%
$37.18
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$33.02
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, just now; Extended: live order book, 18 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, just now4.92 bpdoesn't fit71.9 bp −$719doesn't fitdoesn't fit
Sell Extended live order book, 18 min ago3.89 bp31.1 bp −$31209.4 bp −$2,094doesn'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
Injective SPX/USDC PERP+0.0033%1h0.4979−1.632%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5091+0.573%$136K$359K5xas long as short
Hyperliquid SPX+0.0100%1h0.5091+0.590%$10.2M$7.4M5xas long as short
Binance SPXUSDT+0.0100%4h0.5086+0.481%$5.1M$21.1M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5083+0.423%$11.5M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5089+0.541%$951K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5079+0.343%$1.0M$554K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5086+0.482%$11.9M$4.7M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5082+0.403%$3.7M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5085+0.462%$2.7M$1.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.5083+0.423%$6.9Mas long as short
Variational Omni SPXlong+0.0100%4h0.5062long leg$875K$1.4M
ApeX Omni SPXUSDT+0.0100%1h0.5073+0.225%$45K$243K25xas long as short
SunX SPX-USDT+0.0100%4h0.5079+0.343%$8K$1.6M20xas long as short
Extended SPX-USDshort+0.0104%1h0.5083+0.426%$34K$251K10x
Aster SPXUSDT+0.0125%4h0.5086+0.478%$129K$111K10xas long as short
Orderly PERP_SPX_USDC+0.0145%4h0.5094+0.640%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5061−0.012%$257K$1.1M75xas long as short
Kraken Futures PF_SPXUSD+0.1416%1h0.5095+0.655%$252K$544K20xas long as short