Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Gate against BingX−0.080%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$309as in the Funding arb table

Net, price: spread back to 7d avg − costs−$314as in the Price arb table

costs, in and out, $10k−$3073.070% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.005%−$1 · spread now −0.080%, 7d avg −0.014%

Together, before fees−0.025%−$3 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: Gate is 0.066% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPX-USDT	0.4986	0.0100	pay 0.0050% / 4h	45m 18s	—	$6.9M	—
Short	Gate SPX_USDT	0.4982	0.0100	get 0.0050% / 4h	45m 18s	$992K	$558K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.014%: −$6.59
Slippage, 4 orders: −$281.98
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$313.57
Costs to cover: 3.070%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Gate: live order book, 17 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 BingX live order book, 7 min ago	8.00 bp	24.3 bp −$24	54.6 bp −$546	391.9 bp −$39.2K	1262.7 bp −$631.4K
Sell Gate live order book, 17 min ago	7.01 bp	152.5 bp −$153	doesn't fit	doesn't fit	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.140%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.4993	+0.132%	$134K	$357K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.4986	+0.010%	$10.1M	$7.4M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.4988	+0.040%	$5.0M	$21.3M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.4982	−0.080%	$11.3M	$16.3M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.4989	+0.060%	$933K	$2.8M	20x	as long as short
Gate SPX_USDTshort	+0.0100%	4h	0.4982	−0.080%	$992K	$558K	50x
MEXC SPX_USDT	+0.0100%	4h	0.4987	+0.020%	$11.9M	$4.8M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.4985	−0.020%	$3.7M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.4984	−0.040%	$2.6M	$1.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDTlong	+0.0100%	4h	0.4986	long leg	—	$6.9M	—
Variational Omni SPX	+0.0100%	4h	0.4979	−0.139%	$837K	$1.4M	—	as long as short
SunX SPX-USDT	+0.0100%	4h	0.4981	−0.100%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.4987	+0.024%	$32K	$249K	10x	as long as short
Aster SPXUSDT	+0.0120%	4h	0.4989	+0.060%	$133K	$122K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0151%	4h	0.4997	+0.221%	$20K	$599	10x	as long as short
ApeX Omni SPXUSDT	+0.0284%	1h	0.4982	−0.080%	$25K	$254K	25x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.4993	+0.140%	$251K	$989K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1293%	1h	0.4994	+0.162%	$242K	$549K	20x	as long as short