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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against BingX−0.116%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$280as in the Funding arb table
Net, price: spread back to 7d avg − costs−$280as in the Price arb table
costs, in and out, $10k−$2802.800% 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 4 days (all we have)−0.176%−$18 · spread now −0.116%, 7d avg −0.118%
Together, before fees−0.176%−$18 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SPX-USDT0.51860.0100pay 0.0050% / 4h8m 22s$7.0M
ShortSunX SPX-USDT0.51800.0100get 0.0050% / 4h8m 22s$8K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.116% → −0.118%
$0.21
Slippage, 4 orders
−$261.96
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$279.75
Costs to cover
2.800%
Break-even
never at this rate
Slippage from BingX: live order book, 7 min ago; SunX: live order book, 1 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, 7 min ago8.65 bp27.3 bp −$2751.5 bp −$515298.5 bp −$29.8K1119.0 bp −$559.5K
Sell SunX live order book, 1 min ago32.71 bp115.9 bp −$116doesn't fitdoesn't fitdoesn't fit

SPX on 19 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SPX+0.0021%4h0.5183−0.056%$958K$1.7Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.5201+0.289%$172$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5195+0.170%$125K$387K5xas long as short
Aster SPXUSDT+0.0100%4h0.5199+0.252%$135K$102K10xas long as short
Binance SPXUSDT+0.0100%4h0.5191+0.096%$5.4M$23.6M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5182−0.077%$12.1M$17.7M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5180−0.116%$1.0M$3.4M20xas long as short
Gate SPX_USDT+0.0100%4h0.5192+0.116%$1.0M$676K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5189+0.058%$10.9M$5.1M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5191+0.096%$3.7M$5.6M50xas long as short
Show all 19 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5192+0.116%$2.7M$1.4M50xas long as short
BingX SPX-USDTlong+0.0100%4h0.5186long leg$7.0M
ApeX Omni SPXUSDT+0.0100%1h0.5192+0.116%$27K$248K25xas long as short
SunX SPX-USDTshort+0.0100%4h0.5180−0.116%$8K$1.7M20x
Extended SPX-USD+0.0104%1h0.5187+0.011%$44K$335K10xas long as short
Orderly PERP_SPX_USDC+0.0167%4h0.5198+0.231%$21K$51110xas long as short
BloFin SPX-USDT+0.0340%4h0.5196+0.193%$265K$959K75xas long as short
Hyperliquid SPX+0.0366%1h0.5196+0.189%$10.8M$8.5M5xas long as short
Kraken Futures PF_SPXUSD+0.0990%1h0.5194+0.146%$280K$539K20xas long as short