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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against MEXC−0.136%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$570.571% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 7 days−0.040%−$4 · spread now −0.136%, 7d avg −0.135%
Together, before fees−0.098%−$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SPX_USDT0.51540.0100pay 0.0050% / 4h1h 55m$11.1M$4.9M100x
ShortBybit SPXUSDT0.51470.0100get 0.0050% / 4h1h 55m$12.2M$17.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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: −0.136% → −0.135%
−$0.11
Slippage, 4 orders
−$42.11
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$57.22
Costs to cover
0.571%
Break-even
never at this rate
Slippage from MEXC: live order book, 6 min ago; Bybit: live order book, 1 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 MEXC live order book, 6 min ago1.92 bp9.9 bp −$1030.8 bp −$308120.7 bp −$12.1Kdoesn't fit
Sell Bybit live order book, 1 min ago1.94 bp18.0 bp −$1855.8 bp −$558doesn't fitdoesn't fit

SPX on 19 exchanges

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 PERP+0.0033%1h0.4979−3.395%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5156+0.047%$146K$354K5xas long as short
Aster SPXUSDT+0.0100%4h0.5159+0.104%$139K$90K10xas long as short
Binance SPXUSDT+0.0100%4h0.5155+0.019%$5.4M$23.8M75xas long as short
Bybit SPXUSDTshort+0.0100%4h0.5147−0.136%$12.2M$17.7M50x
OKX SPX-USDT-SWAP+0.0100%4h0.5146−0.155%$1.0M$3.5M20xas long as short
Gate SPX_USDT+0.0100%4h0.5151−0.058%$1.0M$680K50xas long as short
MEXC SPX_USDTlong+0.0100%4h0.5154long leg$11.1M$4.9M100x
KuCoin SPXUSDTM+0.0100%4h0.5151−0.058%$3.7M$5.5M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5152−0.039%$2.7M$1.4M50xas long as short
Show all 19 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.5148−0.116%$7.0Mas long as short
Variational Omni SPX+0.0100%4h0.5161+0.130%$979K$1.6Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5211+1.106%$27K$249K25xas long as short
SunX SPX-USDT+0.0100%4h0.5165+0.213%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5148−0.120%$44K$318K10xas long as short
Orderly PERP_SPX_USDC+0.0134%4h0.5176+0.427%$21K$51110xas long as short
Hyperliquid SPX+0.0207%1h0.5157+0.054%$10.8M$8.9M5xas long as short
BloFin SPX-USDT+0.0340%4h0.5178+0.466%$263K$974K75xas long as short
Kraken Futures PF_SPXUSD+0.2453%1h0.5188+0.655%$279K$548K20xas long as short