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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%
Price spread now: Bybit against Binance−0.163%7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$900.898% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 7 days−0.029%−$3 · spread now −0.163%, 7d avg −0.146%
Together, before fees−0.095%−$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SPXUSDT0.50380.0100pay 0.0050% / 4h2h 23m$5.0M$19.5M75x
ShortBybit SPXUSDT0.50300.0100get 0.0050% / 4h2h 23m$11.7M$15.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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: −0.163% → −0.146%
−$1.74
Slippage, 4 orders
−$68.79
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$91.53
Costs to cover
0.898%
Break-even
never at this rate
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 3 min ago0.99 bp18.0 bp −$1853.6 bp −$536doesn't fitdoesn't fit
Sell Bybit live order book, just now5.96 bp26.1 bp −$2665.5 bp −$655doesn't fitdoesn'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
Kraken Futures PF_SPXUSD−0.0412%1h0.5041+0.051%$233K$560K20xas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−1.175%$9$4K5.5xas long as short
Variational Omni SPX+0.0070%4h0.5027−0.226%$845K$1.3Mas long as short
Lighter SPX+0.0096%1h0.5040+0.037%$116K$319K5xas long as short
Hyperliquid SPX+0.0100%1h0.5041+0.049%$9.9M$7.2M5xas long as short
Aster SPXUSDT+0.0100%4h0.5038+0.002%$124K$97K10xas long as short
Binance SPXUSDTlong+0.0100%4h0.5038long leg$5.0M$19.5M75x
Bybit SPXUSDTshort+0.0100%4h0.5030−0.163%$11.7M$15.5M50x
OKX SPX-USDT-SWAP+0.0100%4h0.5032−0.123%$979K$2.6M20xas long as short
Gate SPX_USDT+0.0100%4h0.5040+0.035%$1.0M$476K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5040+0.035%$11.6M$4.5M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5040+0.035%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5042+0.075%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5038−0.004%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5034−0.084%$45K$248K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5047+0.174%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5030−0.163%$8K$1.6M20xas long as short
Extended SPX-USD+0.0104%1h0.5038+0.003%$34K$226K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5043+0.095%$251K$916K75xas long as short