Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

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 0.000%

Price spread now: SunX against Binance+0.039%46s7-day average −0.186% · you sell dearer than you buy

Net, funding: paid 7d − costs−$258as 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−$2582.584% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.373%−$37 · spread now +0.039%, 7d avg −0.186%

Together, before fees−0.373%−$37 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: SunX is 0.225% dearer against Binance than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.186%. The two prices were read 46 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	Binance SPXUSDT	0.5046	0.0100	pay 0.0050% / 4h	25m 39s	$4.9M	$21.0M	75x
Short	SunX SPX-USDT	0.5048	0.0100	get 0.0050% / 4h	25m 39s	$8K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee BinancebpFee SunXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.186%: $22.48
Slippage, 4 orders: −$240.36
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$235.88
Costs to cover: 2.584%
Break-even: never at this rate

Slippage from Binance: live order book, just now; SunX: live order book, 9 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 Binance live order book, just now	1.98 bp	20.5 bp −$20	62.0 bp −$620	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	30.75 bp	113.0 bp −$113	doesn't fit	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
Kraken Futures PF_SPXUSD	−0.1176%	1h	0.5069	+0.447%	$241K	$560K	20x	as long as short
Variational Omni SPX	+0.0012%	4h	0.5049	+0.057%	$837K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.328%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5049	+0.059%	$116K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5054	+0.162%	$9.9M	$7.7M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5053	+0.133%	$128K	$110K	10x	as long as short
Binance SPXUSDTlong	+0.0100%	4h	0.5046	long leg	$4.9M	$21.0M	75x
Bybit SPXUSDT	+0.0100%	4h	0.5038	−0.159%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5041	−0.100%	$959K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5047	+0.019%	$1.0M	$502K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5048	+0.039%	$11.2M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5048	+0.039%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5053	+0.138%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5046	−0.001%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5057	+0.217%	$45K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5055	+0.178%	$20K	$711	10x	as long as short
SunX SPX-USDTshort	+0.0100%	4h	0.5048	+0.039%	$8K	$1.7M	20x
Extended SPX-USD	+0.0104%	1h	0.5043	−0.068%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5043	−0.060%	$248K	$993K	75x	as long as short