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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.071%
Price spread now: BloFin against Extended+0.156%94s7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$980.977% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.356%+$36 on $10k
Price spread, last 4 days (all we have)−0.729%−$73 · spread now +0.156%, 7d avg +0.113%
Together, before fees−0.373%+ Points / potential airdropExtended: Active · farm board−$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.043% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.113%. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX-USD0.50510.0104pay 0.0013% / 1h7m 28s$33K$250K10x
ShortBloFin SPX-USDT0.50590.0340get 0.0170% / 4h1h 07m$254K$988K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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
$49.56
Price spread: +0.156% → +0.113%
$4.29
Slippage, 4 orders
−$80.73
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$43.89
Costs to cover
0.977%
Break-even
13.2 days
Slippage from Extended: live order book, 55 min ago; BloFin: live order book, 10 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 Extended live order book, 55 min ago3.89 bp26.7 bp −$27192.7 bp −$1,927doesn't fitdoesn't fit
Sell BloFin live order book, 10 min ago5.93 bp22.7 bp −$2345.3 bp −$453doesn'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%1h0.4979−1.428%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5074+0.447%$136K$359K5xas long as short
Hyperliquid SPX+0.0100%1h0.5071+0.400%$10.2M$7.4M5xas long as short
Binance SPXUSDT+0.0100%4h0.5063+0.230%$5.1M$21.1M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5036−0.299%$11.4M$16.2M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5034−0.339%$943K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5068+0.334%$1.0M$561K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5071+0.394%$12.0M$4.8M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5068+0.334%$3.7M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5043−0.161%$2.6M$1.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.5055+0.077%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5031−0.408%$882K$1.4Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5056+0.097%$25K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5055+0.077%$8K$1.6M20xas long as short
Extended SPX-USDlong+0.0104%1h0.5051long leg$33K$250K10x
Aster SPXUSDT+0.0143%4h0.5075+0.473%$129K$117K10xas long as short
Orderly PERP_SPX_USDC+0.0151%4h0.5070+0.374%$20K$59910xas long as short
BloFin SPX-USDTshort+0.0340%4h0.5059+0.156%$254K$988K75x
Kraken Futures PF_SPXUSD+0.1423%1h0.5070+0.381%$251K$544K20xas long as short