Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Binance against ApeX Omni+0.262%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$720.715% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.873%−$87 · spread now +0.262%, 7d avg −0.019%

Together, before fees−0.882%−$88 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: Binance is 0.281% dearer against ApeX Omni than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SPXUSDT	0.4967	0.0100	pay 0.0013% / 1h	13m 21s	$45K	$248K	25x
Short	Binance SPXUSDT	0.4980	0.0100	get 0.0050% / 4h	1h 13m	$4.9M	$20.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.262%Rate

Funding earned: $0
Price spread: +0.262% → −0.019%: $28.12
Slippage, 4 orders: −$51.53
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.41
Costs to cover: 0.715%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 3 min ago	9.04 bp	17.6 bp −$18	97.2 bp −$972	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.99 bp	13.3 bp −$13	44.3 bp −$443	403.9 bp −$40.4K	doesn't fit

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SPXUSD	−0.1259%	1h	0.4980	+0.264%	$232K	$554K	20x	as long as short
Variational Omni SPX	+0.0028%	4h	0.4958	−0.184%	$836K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	+0.242%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.4985	+0.352%	$115K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.4979	+0.248%	$9.6M	$7.5M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.4986	+0.381%	$125K	$107K	10x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.4980	+0.262%	$4.9M	$20.6M	75x
Bybit SPXUSDT	+0.0100%	4h	0.4973	+0.121%	$11.5M	$15.8M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.4979	+0.242%	$979K	$2.7M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.4981	+0.282%	$1.0M	$491K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.4983	+0.322%	$11.2M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.4981	+0.282%	$3.7M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.4980	+0.262%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.4979	+0.242%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDTlong	+0.0100%	1h	0.4967	long leg	$45K	$248K	25x
Orderly PERP_SPX_USDC	+0.0100%	4h	0.4987	+0.403%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.4973	+0.121%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.4977	+0.201%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.4978	+0.221%	$256K	$943K	75x	as long as short