Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: SunX against KuCoin−0.058%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$400as in the Funding arb table

Net, price: spread back to 7d avg − costs−$395as in the Price arb table

costs, in and out, $10k−$4024.016% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.278%−$28 · spread now −0.058%, 7d avg −0.125%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.068% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPXUSDTM	0.5183	0.0100	pay 0.0050% / 4h	3h 15m	$3.7M	$5.3M	50x
Short	SunX SPX-USDT	0.5180	0.0100	get 0.0050% / 4h	3h 15m	$8K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee KuCoinbpFee SunXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.125%: $6.75
Slippage, 4 orders: −$381.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$394.89
Costs to cover: 4.016%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; SunX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 2 min ago	4.83 bp	86.1 bp −$86	461.1 bp −$4,611	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	32.14 bp	114.4 bp −$114	doesn't fit	doesn't fit	doesn't fit

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−3.936%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5192	+0.170%	$152K	$370K	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5194	+0.211%	$5.2M	$22.3M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5191	+0.154%	$11.9M	$17.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5180	−0.058%	$942K	$3.1M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5195	+0.232%	$1.0M	$591K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5175	−0.154%	$12.0M	$5.1M	100x	as long as short
KuCoin SPXUSDTMlong	+0.0100%	4h	0.5183	long leg	$3.7M	$5.3M	50x
Bitget SPXUSDT	+0.0100%	4h	0.5182	−0.019%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5196	+0.251%	—	$6.9M	—	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPX	+0.0100%	4h	0.5180	−0.066%	$965K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5157	−0.502%	$26K	$254K	25x	as long as short
SunX SPX-USDTshort	+0.0100%	4h	0.5180	−0.058%	$8K	$1.7M	20x
Extended SPX-USD	+0.0104%	1h	0.5173	−0.202%	$34K	$252K	10x	as long as short
Aster SPXUSDT	+0.0184%	4h	0.5185	+0.036%	$138K	$130K	10x	as long as short
Hyperliquid SPX	+0.0191%	1h	0.5192	+0.168%	$10.6M	$7.8M	5x	as long as short
Orderly PERP_SPX_USDC	+0.0224%	4h	0.5197	+0.270%	$21K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5185	+0.039%	$255K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1210%	1h	0.5201	+0.351%	$254K	$548K	20x	as long as short