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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: SunX against Injective+1.506%61s7-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 feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 1.506% dearer against Injective than usual: you sell high and buy low: +$151 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SPX/USDC PERP0.49790.0033pay 0.0004% / 1h29m 43s$9$4K5.5x
ShortSunX SPX-USDT0.50540.0100get 0.0050% / 4h2h 29m$8K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
Price spread: +1.506% → 0.000%
$150.63
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SunX: 4 bp × 2 orders
−$8
Net
$156.61
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago31.51 bp113.8 bp −$114doesn't fitdoesn'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%1h0.5065+1.727%$138K$380K5xas long as short
Hyperliquid SPX+0.0100%1h0.5067+1.757%$10.3M$7.9M5xas long as short
Aster SPXUSDT+0.0100%4h0.5066+1.739%$135K$130K10xas long as short
Binance SPXUSDT+0.0100%4h0.5064+1.716%$5.0M$22.4M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5055+1.526%$11.5M$17.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5056+1.546%$930K$3.1M20xas long as short
Gate SPX_USDT+0.0100%4h0.5057+1.567%$1.0M$600K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5063+1.687%$11.9M$5.1M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5064+1.707%$3.7M$5.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5065+1.727%$2.6M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5060+1.627%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5046+1.350%$930K$1.5Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5046+1.346%$26K$255K25xas long as short
SunX SPX-USDTshort+0.0100%4h0.5054+1.506%$8K$1.7M20x
Extended SPX-USD+0.0104%1h0.5064+1.700%$33K$257K10xas long as short
Orderly PERP_SPX_USDC+0.0168%4h0.5067+1.767%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5059+1.607%$249K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1449%1h0.5072+1.867%$248K$544K20xas long as short