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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.076%
Price spread now: Hyperliquid against Binance+0.082%7-day average +0.101% · you sell dearer than you buy
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 7 days+0.161%+$16 on $10k
Price spread, last 7 days−0.041%−$4 · spread now +0.082%, 7d avg +0.101%
Together, before fees+0.120%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SPXUSDT0.50150.0100pay 0.0050% / 4h2h 33m$4.9M$19.5M75x
ShortHyperliquid SPX0.50190.0100get 0.0013% / 1h33m 51s$9.8M$7.2M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.082% → +0.101%
−$1.89
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$20.89
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 7 min ago; Hyperliquid: 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 Binance live order book, 7 min ago1.00 bp17.8 bp −$1852.8 bp −$528doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago2.79 bp14.1 bp −$14doesn't fitdoesn'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−0.0414%1h0.5011−0.086%$232K$560K20xas long as short
Variational Omni SPX−0.0001%4h0.5005−0.203%$843K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−0.718%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5018+0.068%$115K$319K5xas long as short
Hyperliquid SPXshort+0.0100%1h0.5019+0.082%$9.8M$7.2M5x
Aster SPXUSDT+0.0100%4h0.5020+0.105%$124K$97K10xas long as short
Binance SPXUSDTlong+0.0100%4h0.5015long leg$4.9M$19.5M75x
Bybit SPXUSDT+0.0100%4h0.5013−0.040%$11.6M$15.4M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5024+0.179%$979K$2.6M20xas long as short
Gate SPX_USDT+0.0100%4h0.50150.000%$1.0M$476K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5016+0.020%$11.5M$4.5M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5018+0.060%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5020+0.100%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.50150.000%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5010−0.100%$45K$248K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5023+0.160%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5009−0.120%$8K$1.6M20xas long as short
Extended SPX-USD+0.0104%1h0.5017+0.039%$34K$226K10xas long as short
BloFin SPX-USDT+0.0340%4h0.50150.000%$251K$913K75xas long as short