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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%
Price spread now: KuCoin against Binance−0.028%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1701.703% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 7 days+0.014%+$1 · spread now −0.028%, 7d avg −0.027%
Together, before fees−0.003%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SPXUSDT0.50060.0100pay 0.0050% / 4h15m 25s$5.0M$21.5M75x
ShortKuCoin SPXUSDTM0.50050.0100get 0.0050% / 4h15m 25s$3.7M$5.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.028% → −0.027%
−$0.08
Slippage, 4 orders
−$148.26
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$170.34
Costs to cover
1.703%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 2 min ago.

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, 11 min ago3.97 bp18.5 bp −$1856.5 bp −$565doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago2.99 bp54.7 bp −$55279.2 bp −$2,792doesn'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
Injective SPX/USDC PERP+0.0033%1h0.4979−0.547%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5012+0.114%$134K$357K5xas long as short
Hyperliquid SPX+0.0100%1h0.5016+0.188%$10.1M$7.5M5xas long as short
Binance SPXUSDTlong+0.0100%4h0.5006long leg$5.0M$21.5M75x
Bybit SPXUSDT+0.0100%4h0.5002−0.088%$11.3M$16.4M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5006−0.008%$930K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5003−0.068%$998K$563K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5011+0.092%$11.7M$4.9M100xas long as short
KuCoin SPXUSDTMshort+0.0100%4h0.5005−0.028%$3.7M$5.3M50x
Bitget SPXUSDT+0.0100%4h0.5015+0.172%$2.6M$1.4M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDT+0.0100%4h0.5007+0.012%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5003−0.075%$843K$1.4Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5017+0.212%$26K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5002−0.088%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5008+0.025%$33K$247K10xas long as short
Aster SPXUSDT+0.0125%4h0.5011+0.094%$134K$122K10xas long as short
Orderly PERP_SPX_USDC+0.0163%4h0.5014+0.152%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5019+0.252%$251K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1286%1h0.5020+0.265%$245K$550K20xas long as short