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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRnext payment $0.08 per $10,000 · paid last 24h −0.019%
Price spread now: Injective against ApeX Omni−2.162%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.162% cheaper against ApeX Omni than usual: you would sell low and buy high (−$216 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SPXUSDT0.50890.0100pay 0.0013% / 1h18m 11s$26K$248K25x
ShortInjective SPX/USDC PERP0.49790.0033get 0.0004% / 1h18m 11s$9$4K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: −2.162% → 0.000%
−$216.15
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$240.17
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 18 min ago; Injective: 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 ApeX Omni live order book, 18 min ago10.77 bp18.2 bp −$18103.0 bp −$1,030doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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.

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 PERPshort+0.0033%1h0.4979−2.162%$9$4K5.5x
Lighter SPX+0.0096%1h0.5101+0.240%$140K$407K5xas long as short
Hyperliquid SPX+0.0100%1h0.5099+0.204%$10.3M$8.3M5xas long as short
Aster SPXUSDT+0.0100%4h0.5097+0.163%$136K$93K10xas long as short
Binance SPXUSDT+0.0100%4h0.5095+0.123%$5.1M$23.8M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5091+0.039%$11.8M$17.8M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5093+0.079%$972K$3.4M20xas long as short
Gate SPX_USDT+0.0100%4h0.5094+0.098%$1.0M$659K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5095+0.118%$11.7M$5.1M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5096+0.138%$3.6M$5.5M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5098+0.177%$2.6M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5090+0.020%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5072−0.342%$945K$1.6Mas long as short
ApeX Omni SPXUSDTlong+0.0100%1h0.5089long leg$26K$248K25x
SunX SPX-USDT+0.0100%4h0.5086−0.059%$8K$1.8M20xas long as short
Extended SPX-USD+0.0104%1h0.5096+0.132%$33K$302K10xas long as short
Orderly PERP_SPX_USDC+0.0141%4h0.5102+0.255%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5099+0.197%$253K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1271%1h0.5103+0.277%$255K$552K20xas long as short