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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX+0.039%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1101.096% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days−0.012%−$1 · spread now +0.039%, 7d avg +0.031%
Together, before fees−0.012%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SPX-USDT0.51100.0100pay 0.0050% / 4h0m 12s$7.0M
ShortBitget SPXUSDT0.51120.0100get 0.0050% / 4h0m 12s$2.6M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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: +0.039% → +0.031%
$0.85
Slippage, 4 orders
−$87.61
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$108.76
Costs to cover
1.096%
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; Bitget: 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 BingX live order book, 8 min ago6.85 bp21.0 bp −$2157.4 bp −$574541.6 bp −$54.2K1300.3 bp −$650.1K
Sell Bitget live order book, 2 min ago8.79 bp36.6 bp −$3798.7 bp −$987doesn'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%1h0.4979−2.564%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5114+0.078%$141K$407K5xas long as short
Hyperliquid SPX+0.0100%1h0.5113+0.055%$10.3M$8.4M5xas long as short
Aster SPXUSDT+0.0100%4h0.5113+0.051%$137K$93K10xas long as short
Binance SPXUSDT+0.0100%4h0.5111+0.017%$5.1M$23.8M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5104−0.117%$11.8M$17.8M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5106−0.078%$974K$3.4M20xas long as short
Gate SPX_USDT+0.0100%4h0.5108−0.039%$1.0M$662K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5111+0.020%$11.7M$5.1M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5111+0.020%$3.7M$5.5M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDTshort+0.0100%4h0.5112+0.039%$2.6M$1.5M50x
BingX SPX-USDTlong+0.0100%4h0.5110long leg$7.0M
Variational Omni SPX+0.0100%4h0.5106−0.082%$951K$1.6Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5114+0.078%$26K$249K25xas long as short
SunX SPX-USDT+0.0100%4h0.5100−0.196%$8K$1.8M20xas long as short
Extended SPX-USD+0.0104%1h0.5107−0.063%$33K$299K10xas long as short
Orderly PERP_SPX_USDC+0.0107%4h0.5117+0.137%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5116+0.117%$250K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1264%1h0.5131+0.407%$256K$551K20xas long as short