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: OKX against Bybit+0.040%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1061.064% 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+0.079%+$8 · spread now +0.040%, 7d avg +0.051%
Together, before fees+0.137%+$14 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SPXUSDT0.50040.0100pay 0.0050% / 4h15m 17s$11.3M$16.4M50x
ShortOKX SPX-USDT-SWAP0.50060.0100get 0.0050% / 4h15m 17s$930K$2.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.040% → +0.051%
−$1.11
Slippage, 4 orders
−$85.4
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$107.51
Costs to cover
1.064%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 2 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, 3 min ago3.00 bp19.2 bp −$1969.2 bp −$692doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago2.99 bp37.3 bp −$37doesn't fitdoesn't fitdoesn'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%1h0.4979−0.500%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5013+0.172%$134K$357K5xas long as short
Hyperliquid SPX+0.0100%1h0.5016+0.236%$10.1M$7.5M5xas long as short
Binance SPXUSDT+0.0100%4h0.5008+0.080%$5.0M$21.5M75xas long as short
Bybit SPXUSDTlong+0.0100%4h0.5004long leg$11.3M$16.4M50x
OKX SPX-USDT-SWAPshort+0.0100%4h0.5006+0.040%$930K$2.9M20x
Gate SPX_USDT+0.0100%4h0.5003−0.020%$998K$563K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5010+0.120%$11.7M$4.9M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5007+0.060%$3.7M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5010+0.120%$2.6M$1.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.5007+0.060%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5003−0.027%$843K$1.4Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5017+0.260%$26K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5000−0.080%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5008+0.083%$33K$247K10xas long as short
Aster SPXUSDT+0.0125%4h0.5008+0.085%$134K$122K10xas long as short
Orderly PERP_SPX_USDC+0.0163%4h0.5014+0.200%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5014+0.200%$251K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1287%1h0.5016+0.246%$245K$550K20xas long as short