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 −0.008%
Price spread now: KuCoin against Bybit+0.117%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1901.904% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 7 days+0.057%+$6 · spread now +0.117%, 7d avg +0.113%
Together, before fees+0.097%+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SPXUSDT0.51120.0100pay 0.0050% / 4h2h 48m$11.6M$17.0M50x
ShortKuCoin SPXUSDTM0.51180.0100get 0.0050% / 4h2h 48m$3.7M$5.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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: +0.117% → +0.113%
$0.46
Slippage, 4 orders
−$167.44
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$189.98
Costs to cover
1.904%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 4 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 Bybit live order book, 5 min ago2.93 bp21.3 bp −$2177.8 bp −$778doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago4.88 bp54.9 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%1h0.4979−2.602%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5122+0.205%$139K$380K5xas long as short
Hyperliquid SPX+0.0100%1h0.5121+0.166%$10.4M$7.9M5xas long as short
Aster SPXUSDT+0.0100%4h0.5124+0.225%$137K$130K10xas long as short
Binance SPXUSDT+0.0100%4h0.5120+0.150%$5.1M$22.4M75xas long as short
Bybit SPXUSDTlong+0.0100%4h0.5112long leg$11.6M$17.0M50x
OKX SPX-USDT-SWAP+0.0100%4h0.5115+0.059%$934K$3.1M20xas long as short
Gate SPX_USDT+0.0100%4h0.5120+0.156%$1.0M$596K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5121+0.176%$11.9M$5.1M100xas long as short
KuCoin SPXUSDTMshort+0.0100%4h0.5118+0.117%$3.7M$5.4M50x
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5120+0.156%$2.7M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5118+0.117%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5119+0.139%$943K$1.5Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5123+0.215%$26K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5114+0.039%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5122+0.198%$34K$253K10xas long as short
Orderly PERP_SPX_USDC+0.0193%4h0.5128+0.313%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5123+0.215%$253K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1433%1h0.5129+0.340%$250K$545K20xas long as short