data as of
Settings8H · net · $10k
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Funding arb /

SPX

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC0.0000%/8h
paid, last 24h+0.123%paid, last 7 days+0.216%to open and close $10k−$62
Long on BybitShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SPXUSDT0.50510.0100pay 0.0050% / 4h1h 57m$11.8M$8.5M50x
ShortHyperliquid SPX0.50580.0100get 0.0013% / 1h57m 18s$8.2M$3.6M5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$42.38
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$62.38
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 6 min ago.

Price risk

price view
Price gap now
+0.129%
Avg gap 7d
+0.247%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

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, 2 min ago0.99 bp14.6 bp −$1542.9 bp −$429doesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago1.69 bp17.7 bp −$18doesn't fitdoesn't fitdoesn't fit

SPX on 19 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin SPXUSDTM−0.0056%4h$3.8M$4.9M50xas long as short
Variational Omni SPX−0.0028%4h$842K$273K—as long as short
Injective SPX/USDC PERP+0.0066%1h$9$4K5.5xas long as short
Lighter SPX+0.0096%1h$124K$185K5xas long as short
Hyperliquid SPXshort+0.0100%1h$8.2M$3.6M5x
Aster SPXUSDT+0.0100%4h$136K$77K10xas long as short
Binance SPXUSDT+0.0100%4h$4.9M$11.7M75xas long as short
Bybit SPXUSDTlong+0.0100%4h$11.8M$8.5M50x
OKX SPX-USDT-SWAP+0.0100%4h$1.0M$1.6M20xas long as short
Gate SPX_USDT+0.0100%4h$1.0M$348K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h$9.7M$4.1M100xas long as short
Bitget SPXUSDT+0.0100%4h$2.5M$898K50xas long as short
BingX SPX-USDT+0.0100%4h—$6.7M—as long as short
ApeX Omni SPXUSDT+0.0100%1h$42K$240K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h$20K$20010xas long as short
SunX SPX-USDT+0.0100%4h$8K$1.1M20xas long as short
Extended SPX-USD+0.0104%1h$34K$200K10xas long as short
BloFin SPX-USDT+0.0340%4h$264K$846K75xas long as short
Kraken Futures PF_SPXUSD+0.1052%1h$243K$242K20xas long as short