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

SPX

all SPX markets
SwapBacktest
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 +0.055%
Price spread now: Binance against Variational Omni−0.662%7-day average +0.160% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.173%+$17 on $10k
Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.662%, 7d avg +0.160%
Together, before fees+0.412%+ Points / potential airdropVariational Omni: Active · farm board+$41 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 0.821% cheaper against Variational Omni than usual: you would sell low and buy high, −$82 on $10k if it goes back to its 7-day average of +0.160%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SPX0.51630.0100pay 0.0050% / 4h3h 01m$953K$1.5M
ShortBinance SPXUSDT0.51280.0100get 0.0050% / 4h3h 01m$5.1M$22.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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: −0.662% → +0.160%
−$82.13
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$92.13
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Binance: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 2 min ago5.83 bpdoesn't fit71.9 bp −$719doesn't fitdoesn't fit
Sell Binance live order book, 9 min ago1.94 bp21.9 bp −$2251.7 bp −$517372.8 bp −$37.3Kdoesn't fit

SPX on 19 venues

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%1h0.4979−3.556%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5129−0.647%$150K$370K5xas long as short
Hyperliquid SPX+0.0100%1h0.5129−0.653%$10.4M$7.8M5xas long as short
Binance SPXUSDTshort+0.0100%4h0.5128−0.662%$5.1M$22.3M75x
Bybit SPXUSDT+0.0100%4h0.5131−0.612%$11.7M$17.0M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5133−0.573%$935K$3.1M20xas long as short
Gate SPX_USDT+0.0100%4h0.5121−0.806%$1.0M$599K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5130−0.631%$11.9M$5.1M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5126−0.709%$3.7M$5.4M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5130−0.631%$2.7M$1.5M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.5129−0.651%$6.9Mas long as short
Variational Omni SPXlong+0.0100%4h0.5163long leg$953K$1.5M
ApeX Omni SPXUSDT+0.0100%1h0.5125−0.728%$26K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5117−0.883%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5130−0.629%$33K$252K10xas long as short
Aster SPXUSDT+0.0109%4h0.5129−0.657%$137K$130K10xas long as short
Orderly PERP_SPX_USDC+0.0204%4h0.5131−0.612%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5129−0.651%$252K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1225%1h0.5136−0.508%$251K$546K20xas long as short