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 +0.010%
Price spread now: Bybit against KuCoin−0.118%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1591.589% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.040%−$4 on $10k
Price spread, last 7 days−0.032%−$3 · spread now −0.118%, 7d avg −0.118%
Together, before fees−0.072%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SPXUSDTM0.50850.0100pay 0.0050% / 4h3h 25m$3.7M$5.4M50x
ShortBybit SPXUSDT0.50790.0100get 0.0050% / 4h3h 25m$11.5M$16.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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: −0.118% → −0.118%
−$0.04
Slippage, 4 orders
−$135.89
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$158.93
Costs to cover
1.589%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 2 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 KuCoin live order book, 2 min ago4.91 bp80.2 bp −$80453.9 bp −$4,539doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago1.97 bp16.1 bp −$1648.1 bp −$481doesn'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
Variational Omni SPX+0.0017%4h0.5078−0.134%$844K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−2.085%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5091+0.116%$127K$314K5xas long as short
Hyperliquid SPX+0.0100%1h0.5088+0.063%$10.0M$7.8M5xas long as short
Aster SPXUSDT+0.0100%4h0.5085+0.004%$129K$110K10xas long as short
Binance SPXUSDT+0.0100%4h0.5086+0.011%$5.1M$21.3M75xas long as short
Bybit SPXUSDTshort+0.0100%4h0.5079−0.118%$11.5M$16.1M50x
OKX SPX-USDT-SWAP+0.0100%4h0.5083−0.039%$965K$2.8M20xas long as short
Gate SPX_USDT+0.0100%4h0.5080−0.098%$1.1M$514K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5088+0.059%$11.2M$4.7M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTMlong+0.0100%4h0.5085long leg$3.7M$5.4M50x
Bitget SPXUSDT+0.0100%4h0.5089+0.079%$2.7M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5081−0.079%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5088+0.059%$46K$247K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5090+0.098%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5078−0.138%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5081−0.071%$33K$261K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5098+0.256%$252K$1.1M75xas long as short
Kraken Futures PF_SPXUSD+0.0962%1h0.5094+0.175%$247K$553K20xas long as short