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 17:00 UTC−0.0415%/8h
paid, last 24h−0.184%paid, last 3 days−0.428%to open and closeno order book
Long on HyperliquidShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SPX0.52810.0100pay 0.0013% / 1h33m 32s$9.8M$5.4M5x
ShortVariational Omni SPX0.5221−0.0315pay 0.0157% / 4h3h 33m$925K$491K—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$87.12
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$96.12
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Variational Omni: RFQ quote, 12 min ago. Net counts fees only.

Price risk

price view
Price gap now
−1.132%
Avg gap 7d
−0.267%
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 Hyperliquid live order book, 10 min ago3.87 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 12 min ago4.91 bpdoesn't fit46.1 bp −$461doesn't fitdoesn't fit

SPX on 19 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Variational Omni SPXshort−0.0315%4h$925K$491K—
KuCoin SPXUSDTM+0.0006%4h$3.9M$5.0M50xas long as short
Injective SPX/USDC PERP+0.0033%1h$9$4K5.5xas long as short
Lighter SPX+0.0096%1h$144K$254K5xas long as short
Hyperliquid SPXlong+0.0100%1h$9.8M$5.4M5x
Aster SPXUSDT+0.0100%4h$139K$82K10xas long as short
Binance SPXUSDT+0.0100%4h$5.2M$15.5M75xas long as short
Bybit SPXUSDT+0.0100%4h$12.6M$12.6M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h$1.0M$2.2M20xas long as short
Gate SPX_USDT+0.0100%4h$1.0M$375K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h$10.0M$4.2M100xas long as short
Bitget SPXUSDT+0.0100%4h$2.8M$1.1M50xas long as short
BingX SPX-USDT+0.0100%4h—$6.7M—as long as short
ApeX Omni SPXUSDT+0.0100%1h$50K$247K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h$20K$20010xas long as short
SunX SPX-USDT+0.0100%4h$8K$1.4M20xas long as short
Extended SPX-USD+0.0104%1h$36K$218K10xas long as short
BloFin SPX-USDT+0.0340%4h$264K$921K75xas long as short
Kraken Futures PF_SPXUSD+0.1251%1h$265K$320K20xas long as short