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 0.000%

Price spread now: Binance against SunX+0.134%7-day average +0.182% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now +0.134%, 7d avg +0.182%

Together, before fees+0.200%+$20 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: Binance is 0.048% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.182%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPX-USDT	0.5206	0.0100	pay 0.0050% / 4h	2h 12m	$9K	$1.7M	20x
Short	Binance SPXUSDT	0.5213	0.0100	get 0.0050% / 4h	2h 12m	$5.2M	$23.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → +0.182%: −$4.78
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.78
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Binance: live order book, 14 min ago. Net counts fees only.

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 SunX live order book, 3 min ago	501.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.98 bp	23.0 bp −$23	64.3 bp −$643	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	−4.360%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5214	+0.152%	$154K	$393K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5216	+0.202%	$10.6M	$8.0M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5201	−0.093%	$139K	$92K	10x	as long as short
Binance SPXUSDTshort	+0.0100%	4h	0.5213	+0.134%	$5.2M	$23.0M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5206	0.000%	$11.8M	$17.4M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5210	+0.077%	$981K	$3.3M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5202	−0.077%	$1.0M	$642K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5215	+0.173%	$12.0M	$5.2M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5208	+0.038%	$3.8M	$5.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5208	+0.038%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5209	+0.058%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5145	−1.169%	$947K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5209	+0.058%	$27K	$254K	25x	as long as short
SunX SPX-USDTlong	+0.0100%	4h	0.5206	long leg	$9K	$1.7M	20x
Extended SPX-USD	+0.0104%	1h	0.5205	−0.028%	$34K	$258K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0198%	4h	0.5217	+0.211%	$21K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5200	−0.115%	$245K	$1.1M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1408%	1h	0.5221	+0.295%	$255K	$553K	20x	as long as short