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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against ApeX Omni−0.098%81s7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$254as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2512.507% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 4 days (all we have)−2.316%−$232 · spread now −0.098%, 7d avg −0.094%
Together, before fees−2.345%−$234 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SPXUSDT0.51280.0100pay 0.0013% / 1h0m 17s$46K$244K25x
ShortGate SPX_USDT0.51230.0100get 0.0050% / 4h2h 00m$1.0M$558K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: −0.098% → −0.094%
−$0.32
Slippage, 4 orders
−$225.66
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$250.98
Costs to cover
2.507%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 1 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 1 min ago5.83 bp13.6 bp −$1493.0 bp −$930doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago6.81 bp107.3 bp −$107doesn't fitdoesn't fitdoesn't fit

SPX on 18 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%1h0.4979−2.906%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5129+0.021%$138K$358K5xas long as short
Hyperliquid SPX+0.0100%1h0.5144+0.306%$10.3M$7.5M5xas long as short
Binance SPXUSDT+0.0100%4h0.5132+0.070%$5.2M$21.1M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5124−0.078%$11.7M$16.0M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5122−0.117%$956K$2.9M20xas long as short
Gate SPX_USDTshort+0.0100%4h0.5123−0.098%$1.0M$558K50x
MEXC SPX_USDT+0.0100%4h0.5129+0.020%$11.7M$5.0M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5126−0.039%$3.8M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5130+0.039%$2.7M$1.4M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.5125−0.059%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5139+0.216%$890K$1.4Mas long as short
ApeX Omni SPXUSDTlong+0.0100%1h0.5128long leg$46K$244K25x
SunX SPX-USDT+0.0100%4h0.5116−0.234%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5122−0.112%$35K$258K10xas long as short
Aster SPXUSDT+0.0133%4h0.5138+0.199%$130K$111K10xas long as short
Orderly PERP_SPX_USDC+0.0149%4h0.5136+0.156%$20K$59910xas long as short
Kraken Futures PF_SPXUSD+0.1164%1h0.5130+0.043%$254K$541K20xas long as short