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

SPX

all SPX markets
SwapBacktest
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 +0.008%
Price spread now: Binance against Bybit+0.160%7-day average +0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$810.813% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.058%+$6 on $10k
Price spread, last 7 days+0.021%+$2 · spread now +0.160%, 7d avg +0.141%
Together, before fees+0.079%+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SPXUSDT0.50140.0100pay 0.0050% / 4h22m 16s$11.3M$16.3M50x
ShortBinance SPXUSDT0.50220.0100get 0.0050% / 4h22m 16s$5.0M$21.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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: +0.160% → +0.141%
$1.87
Slippage, 4 orders
−$60.27
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$79.39
Costs to cover
0.813%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 4 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 Bybit live order book, 1 min ago2.99 bp18.7 bp −$1961.4 bp −$614doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago3.97 bp25.3 bp −$2562.8 bp −$628517.3 bp −$51.7Kdoesn't fit

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 PERP+0.0033%1h0.4979−0.698%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5027+0.253%$135K$357K5xas long as short
Hyperliquid SPX+0.0100%1h0.5027+0.263%$10.2M$7.5M5xas long as short
Binance SPXUSDTshort+0.0100%4h0.5022+0.160%$5.0M$21.4M75x
Bybit SPXUSDTlong+0.0100%4h0.5014long leg$11.3M$16.3M50x
OKX SPX-USDT-SWAP+0.0100%4h0.5018+0.080%$933K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5021+0.140%$1.0M$563K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5021+0.140%$11.7M$4.9M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5023+0.179%$3.7M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5026+0.239%$2.6M$1.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.5015+0.020%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5028+0.271%$846K$1.4Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5041+0.538%$25K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5016+0.040%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5022+0.154%$33K$245K10xas long as short
Aster SPXUSDT+0.0160%4h0.5028+0.271%$134K$122K10xas long as short
Orderly PERP_SPX_USDC+0.0167%4h0.5032+0.359%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5032+0.359%$247K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1283%1h0.5030+0.316%$245K$550K20xas long as short