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 BingX+0.020%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$2312.311% 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+0.049%+$5 · spread now +0.020%, 7d avg +0.034%
Together, before fees+0.031%+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SPX-USDT0.51090.0100pay 0.0050% / 4h1h 54m$6.9M
ShortKuCoin SPXUSDTM0.51100.0100get 0.0050% / 4h1h 54m$3.7M$5.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.020% → +0.034%
−$1.47
Slippage, 4 orders
−$209.12
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$232.59
Costs to cover
2.311%
Break-even
never at this rate
Slippage from BingX: live order book, 13 min ago; KuCoin: live order book, 3 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, 13 min ago7.85 bp23.4 bp −$2352.9 bp −$529524.5 bp −$52.5K1184.0 bp −$592.0K
Sell KuCoin live order book, 3 min ago1.97 bp70.8 bp −$71282.3 bp −$2,823doesn't fitdoesn't fit

SPX on 18 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
ApeX Omni SPXUSDT−0.0727%1h0.5097−0.235%$46K$244K25xas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−2.545%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5117+0.147%$138K$358K5xas long as short
Hyperliquid SPX+0.0100%1h0.5119+0.192%$10.3M$7.5M5xas long as short
Binance SPXUSDT+0.0100%4h0.5114+0.094%$5.2M$21.1M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5107−0.039%$11.6M$16.0M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5108−0.020%$955K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5107−0.039%$1.0M$551K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5112+0.059%$11.6M$4.7M100xas long as short
KuCoin SPXUSDTMshort+0.0100%4h0.5110+0.020%$3.7M$5.3M50x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5111+0.039%$2.7M$1.4M50xas long as short
BingX SPX-USDTlong+0.0100%4h0.5109long leg$6.9M
Variational Omni SPX+0.0100%4h0.5135+0.512%$882K$1.4Mas long as short
SunX SPX-USDT+0.0100%4h0.5103−0.117%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5108−0.024%$34K$252K10xas long as short
Aster SPXUSDT+0.0132%4h0.5116+0.139%$130K$111K10xas long as short
Orderly PERP_SPX_USDC+0.0154%4h0.5121+0.235%$20K$59910xas long as short
Kraken Futures PF_SPXUSD+0.1411%1h0.5113+0.077%$253K$541K20xas long as short