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 −0.017%
Price spread now: KuCoin against Gate+0.060%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$342as in the Funding arb table
Net, price: spread back to 7d avg − costs−$341as in the Price arb table
costs, in and out, $10k−$3423.422% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 7 days+0.080%+$8 · spread now +0.060%, 7d avg +0.047%
Together, before fees+0.082%+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SPX_USDT0.50080.0100pay 0.0050% / 4h16m 35s$999K$563K50x
ShortKuCoin SPXUSDTM0.50110.0100get 0.0050% / 4h16m 35s$3.7M$5.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.060% → +0.047%
$1.24
Slippage, 4 orders
−$315.23
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$340.98
Costs to cover
3.422%
Break-even
never at this rate
Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 1 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 Gate live order book, 5 min ago6.98 bp103.2 bp −$103doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago2.99 bp54.7 bp −$55279.2 bp −$2,792doesn'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%1h0.4979−0.579%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5015+0.132%$134K$357K5xas long as short
Hyperliquid SPX+0.0100%1h0.5016+0.162%$10.1M$7.5M5xas long as short
Binance SPXUSDT+0.0100%4h0.5012+0.075%$5.0M$21.4M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5003−0.100%$11.3M$16.4M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5009+0.020%$931K$2.9M20xas long as short
Gate SPX_USDTlong+0.0100%4h0.5008long leg$999K$563K50x
MEXC SPX_USDT+0.0100%4h0.5010+0.040%$11.7M$4.9M100xas long as short
KuCoin SPXUSDTMshort+0.0100%4h0.5011+0.060%$3.7M$5.3M50x
Bitget SPXUSDT+0.0100%4h0.5011+0.060%$2.6M$1.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.50080.000%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5009+0.021%$844K$1.4Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5019+0.220%$26K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5010+0.040%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5008+0.003%$33K$247K10xas long as short
Aster SPXUSDT+0.0130%4h0.5018+0.197%$134K$122K10xas long as short
Orderly PERP_SPX_USDC+0.0163%4h0.5023+0.300%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5019+0.220%$251K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1285%1h0.5024+0.315%$245K$550K20xas long as short