Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Bitget against ApeX Omni+0.592%63s7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1001.004% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−1.428%−$143 · spread now +0.592%, 7d avg −0.042%

Together, before fees−1.437%−$144 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: Bitget is 0.633% dearer against ApeX Omni than usual: you sell high and buy low, +$63 on $10k if it goes back to its 7-day average of −0.042%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SPXUSDT	0.5071	0.0100	pay 0.0013% / 1h	54m 25s	$26K	$254K	25x
Short	Bitget SPXUSDT	0.5101	0.0100	get 0.0050% / 4h	3h 54m	$2.6M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.592%Rate

Funding earned: $0
Price spread: +0.592% → −0.042%: $63.31
Slippage, 4 orders: −$78.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$37.12
Costs to cover: 1.004%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 62 min ago; Bitget: live order book, 3 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 ApeX Omni live order book, 62 min ago	5.97 bp	16.7 bp −$17	104.5 bp −$1,045	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	11.82 bp	37.3 bp −$37	133.9 bp −$1,339	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	−1.814%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5105	+0.672%	$137K	$355K	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5097	+0.513%	$5.1M	$21.6M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5094	+0.454%	$11.5M	$16.4M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5089	+0.355%	$942K	$3.0M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5103	+0.631%	$1.0M	$566K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5096	+0.493%	$11.8M	$4.9M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5098	+0.532%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDTshort	+0.0100%	4h	0.5101	+0.592%	$2.6M	$1.4M	50x
BingX SPX-USDT	+0.0100%	4h	0.5101	+0.592%	—	$6.9M	—	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPX	+0.0100%	4h	0.5073	+0.032%	$853K	$1.4M	—	as long as short
ApeX Omni SPXUSDTlong	+0.0100%	1h	0.5071	long leg	$26K	$254K	25x
SunX SPX-USDT	+0.0100%	4h	0.5097	+0.513%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5102	+0.613%	$33K	$242K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0197%	4h	0.5105	+0.670%	$20K	$599	10x	as long as short
Aster SPXUSDT	+0.0217%	4h	0.5094	+0.455%	$136K	$122K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5096	+0.493%	$251K	$1.0M	75x	as long as short
Hyperliquid SPX	+0.0499%	1h	0.5095	+0.473%	$10.3M	$7.7M	5x	as long as short
Kraken Futures PF_SPXUSD	+0.1231%	1h	0.5110	+0.775%	$249K	$551K	20x	as long as short