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+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.021%
Price spread now: Extended against Injective+1.470%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 1.470% dearer against Injective than usual: you sell high and buy low: +$147 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SPX/USDC PERP0.49790.0033pay 0.0004% / 1h11m 18s$9$4K5.5x
ShortExtended SPX-USD0.50520.0104get 0.0013% / 1h11m 18s$33K$250K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Injective. 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
$14.84
Price spread: +1.470% → 0.000%
$147.01
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$156.83
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Extended: live order book, 51 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Extended live order book, 51 min ago3.89 bp31.1 bp −$31209.4 bp −$2,094doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPlong+0.0033%1h0.4979long leg$9$4K5.5x
Lighter SPX+0.0096%1h0.5059+1.609%$136K$359K5xas long as short
Hyperliquid SPX+0.0100%1h0.5049+1.412%$10.1M$7.4M5xas long as short
Binance SPXUSDT+0.0100%4h0.5049+1.406%$5.1M$21.1M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5048+1.386%$11.5M$16.2M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5050+1.426%$942K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5035+1.125%$1.0M$560K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5056+1.546%$11.9M$4.8M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5043+1.285%$3.7M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5055+1.526%$2.6M$1.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.5046+1.346%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5060+1.627%$881K$1.4Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5037+1.165%$25K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5037+1.165%$8K$1.6M20xas long as short
Extended SPX-USDshort+0.0104%1h0.5052+1.470%$33K$250K10x
Aster SPXUSDT+0.0123%4h0.5038+1.192%$128K$111K10xas long as short
Orderly PERP_SPX_USDC+0.0145%4h0.5054+1.506%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5042+1.265%$254K$985K75xas long as short
Kraken Futures PF_SPXUSD+0.1425%1h0.5061+1.643%$251K$544K20xas long as short