Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

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 −0.001%

Price spread now: Gate against OKX−0.058%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$298as in the Funding arb table

Net, price: spread back to 7d avg − costs−$303as in the Price arb table

costs, in and out, $10k−$2962.955% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.058%, 7d avg +0.017%

Together, before fees−0.017%−$2 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: Gate is 0.075% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPX-USDT-SWAP	0.5137	0.0100	pay 0.0050% / 4h	2h 00m	$959K	$2.9M	20x
Short	Gate SPX_USDT	0.5134	0.0100	get 0.0050% / 4h	2h 00m	$1.0M	$558K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → +0.017%: −$7.53
Slippage, 4 orders: −$270.54
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$303.06
Costs to cover: 2.955%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: live order book, 1 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 OKX live order book, 1 min ago	4.86 bp	36.6 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	6.81 bp	107.3 bp −$107	doesn't fit	doesn't fit	doesn't fit

SPX on 18 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	−3.076%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5142	+0.097%	$139K	$358K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5140	+0.058%	$10.3M	$7.5M	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5141	+0.074%	$5.2M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5130	−0.136%	$11.7M	$16.0M	50x	as long as short
OKX SPX-USDT-SWAPlong	+0.0100%	4h	0.5137	long leg	$959K	$2.9M	20x
Gate SPX_USDTshort	+0.0100%	4h	0.5134	−0.058%	$1.0M	$558K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5138	+0.019%	$11.7M	$5.0M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5136	−0.019%	$3.8M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5145	+0.156%	$2.7M	$1.4M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.5129	−0.156%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5139	+0.041%	$890K	$1.4M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5128	−0.175%	$46K	$244K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5136	−0.019%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5135	−0.033%	$35K	$258K	10x	as long as short
Aster SPXUSDT	+0.0133%	4h	0.5138	+0.026%	$130K	$111K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0148%	4h	0.5154	+0.331%	$20K	$599	10x	as long as short
Kraken Futures PF_SPXUSD	+0.1160%	1h	0.5149	+0.230%	$255K	$541K	20x	as long as short