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 −0.001%

Price spread now: Gate against SunX+0.058%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$441as in the Funding arb table

Net, price: spread back to 7d avg − costs−$444as in the Price arb table

costs, in and out, $10k−$4394.389% of the position

Long on SunX Short on Gate

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)+0.167%+$17 · spread now +0.058%, 7d avg +0.113%

Together, before fees+0.149%+$15 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 0.054% 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 +0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPX-USDT	0.5136	0.0100	pay 0.0050% / 4h	1h 33m	$8K	$1.8M	20x
Short	Gate SPX_USDT	0.5139	0.0100	get 0.0050% / 4h	1h 33m	$1.0M	$643K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.113%: −$5.42
Slippage, 4 orders: −$415.86
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$444.28
Costs to cover: 4.389%
Break-even: never at this rate

Slippage from SunX: live order book, 13 min ago; Gate: live order book, 4 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 SunX live order book, 13 min ago	67.70 bp	142.5 bp −$142	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	6.81 bp	75.5 bp −$75	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	−3.057%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5148	+0.230%	$141K	$405K	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5146	+0.189%	$137K	$93K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5146	+0.188%	$5.2M	$23.7M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5140	+0.078%	$11.8M	$17.6M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5142	+0.117%	$976K	$3.4M	20x	as long as short
Gate SPX_USDTshort	+0.0100%	4h	0.5139	+0.058%	$1.0M	$643K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5145	+0.175%	$11.9M	$5.3M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5143	+0.136%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5145	+0.175%	$2.6M	$1.5M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.5142	+0.117%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5133	−0.056%	$957K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5157	+0.409%	$26K	$254K	25x	as long as short
SunX SPX-USDTlong	+0.0100%	4h	0.5136	long leg	$8K	$1.8M	20x
Extended SPX-USD	+0.0104%	1h	0.5143	+0.141%	$34K	$240K	10x	as long as short
Hyperliquid SPX	+0.0138%	1h	0.5147	+0.218%	$10.4M	$8.3M	5x	as long as short
Orderly PERP_SPX_USDC	+0.0180%	4h	0.5152	+0.312%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5147	+0.214%	$258K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1603%	1h	0.5168	+0.617%	$255K	$554K	20x	as long as short