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

SPX500

all SPX500 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.092%
Price spread now: Orderly against SunX+0.701%7-day average −0.109% · 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 7 days−0.319%−$32 on $10k
Price spread, last 3 days (all we have)−2.826%−$283 · spread now +0.701%, 7d avg −0.109%
Together, before fees−3.145%−$315 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.810% dearer against SunX than usual: you sell high and buy low (spread +0.701% now, against its 7-day average of −0.109%): +$81 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPX500-USDT7,710.40.0050pay 0.0006% / 1h48m 44s$2K$2.6M20x
ShortOrderly PERP_SPX500_USDC7,764.5−0.0216pay 0.0216% / 8h6h 48m$361K$133K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
−$55.8
Price spread: +0.701% → −0.109%
$81.03
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
$11.23
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: SunX: live order book, 8 min ago; Orderly: no order-book sample. 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 SunX live order book, 8 min ago168.61 bp1838.3 bp −$1,8382068.6 bp −$20.7Kdoesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPX500 on 5 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
Orderly PERP_SPX500_USDCshort−0.0216%8h7,764.5+0.701%$361K$133K20x
MEXC SPX500_USDT−0.0084%8h7,766.3+0.725%$71.6M$48.8M200xas long as short
Gate SPX500_USDT−0.0047%8h7,743.3+0.427%$1.7M$138K100xas long as short
SunX SPX500-USDTlong+0.0050%1h7,710.4long leg$2K$2.6M20x
HTX SPX500-USDT+0.0050%1h7,757.1+0.606%$501K$224K30xas long as short