Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget−0.039%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$800.801% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.056%−$6 · spread now −0.039%, 7d avg +0.026%

Together, before fees−0.056%−$6 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 0.065% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPXUSDT	0.5029	0.0100	pay 0.0050% / 4h	2h 24m	$2.6M	$1.4M	50x
Short	Binance SPXUSDT	0.5027	0.0100	get 0.0050% / 4h	2h 24m	$5.0M	$19.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.026%: −$6.54
Slippage, 4 orders: −$58.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$86.64
Costs to cover: 0.801%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 1 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 Bitget live order book, 2 min ago	8.94 bp	21.9 bp −$22	57.7 bp −$577	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.99 bp	15.8 bp −$16	58.8 bp −$588	541.6 bp −$54.2K	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	−0.0413%	1h	0.5031	+0.042%	$233K	$560K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.994%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0070%	4h	0.5027	−0.043%	$845K	$1.3M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5033	+0.086%	$116K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5035	+0.115%	$9.9M	$7.2M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5028	−0.021%	$124K	$97K	10x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.5027	−0.039%	$5.0M	$19.5M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5020	−0.179%	$11.6M	$15.4M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5026	−0.060%	$979K	$2.6M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5029	0.000%	$1.0M	$476K	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	0.5031	+0.040%	$11.6M	$4.5M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5030	+0.020%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDTlong	+0.0100%	4h	0.5029	long leg	$2.6M	$1.4M	50x
BingX SPX-USDT	+0.0100%	4h	0.5032	+0.060%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5034	+0.099%	$45K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5039	+0.199%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5022	−0.139%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5028	−0.018%	$34K	$226K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5032	+0.060%	$251K	$914K	75x	as long as short