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 +0.001%

Price spread now: Binance against Gate+0.139%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1801.799% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.139%, 7d avg +0.074%

Together, before fees−0.086%−$9 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% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5055	0.0100	pay 0.0050% / 4h	49m 00s	$1.0M	$496K	50x
Short	Binance SPXUSDT	0.5062	0.0100	get 0.0050% / 4h	49m 00s	$5.0M	$20.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.074%: $6.51
Slippage, 4 orders: −$154.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$173.36
Costs to cover: 1.799%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Binance: live order book, 7 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 Gate live order book, 3 min ago	7.91 bp	78.1 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	2.97 bp	21.9 bp −$22	66.3 bp −$663	445.9 bp −$44.6K	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	−0.1178%	1h	0.5058	+0.054%	$240K	$560K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.503%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0050%	4h	0.5050	−0.102%	$848K	$1.3M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5056	+0.012%	$116K	$318K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5068	+0.259%	$9.8M	$7.6M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5059	+0.087%	$128K	$108K	10x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.5062	+0.139%	$5.0M	$20.9M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5068	+0.257%	$11.6M	$16.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5076	+0.415%	$968K	$2.8M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5055	long leg	$1.0M	$496K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5056	+0.020%	$11.3M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5058	+0.059%	$3.8M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5063	+0.158%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5068	+0.257%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5056	+0.020%	$45K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5060	+0.099%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5043	−0.237%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5050	−0.097%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5048	−0.138%	$243K	$989K	75x	as long as short