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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: BingX against Extended+0.184%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$1021.017% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.184%, 7d avg +0.033%
Together, before fees−0.148%+ Points / potential airdropExtended: Active · farm board−$15 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: BingX is 0.151% dearer against Extended than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX-USD0.51120.0104pay 0.0013% / 1h39m 19s$34K$256K10x
ShortBingX SPX-USDT0.51210.0100get 0.0050% / 4h39m 19s$7.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
−$0.84
Price spread: +0.184% → +0.033%
$15.09
Slippage, 4 orders
−$86.72
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$87.46
Costs to cover
1.017%
Break-even
never at this rate
Slippage from Extended: live order book, 63 min ago; BingX: live order book, 13 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 Extended live order book, 63 min ago3.68 bp23.7 bp −$24187.2 bp −$1,872doesn't fitdoesn't fit
Sell BingX live order book, 13 min ago8.75 bp23.1 bp −$2353.9 bp −$539258.1 bp −$25.8K1147.6 bp −$573.8K

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%1h0.4979−2.594%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5124+0.246%$140K$405K5xas long as short
Hyperliquid SPX+0.0100%1h0.5118+0.131%$10.4M$8.3M5xas long as short
Aster SPXUSDT+0.0100%4h0.5122+0.195%$137K$93K10xas long as short
Binance SPXUSDT+0.0100%4h0.5120+0.168%$5.2M$23.8M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5117+0.106%$11.8M$17.8M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5115+0.066%$971K$3.4M20xas long as short
Gate SPX_USDT+0.0100%4h0.5115+0.066%$1.0M$656K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5120+0.164%$11.7M$5.1M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5109−0.051%$3.7M$5.5M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5121+0.184%$2.6M$1.5M50xas long as short
BingX SPX-USDTshort+0.0100%4h0.5121+0.184%$7.0M
Variational Omni SPX+0.0100%4h0.5144+0.643%$997K$1.6Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5156+0.868%$26K$248K25xas long as short
SunX SPX-USDT+0.0100%4h0.5114+0.047%$8K$1.8M20xas long as short
Extended SPX-USDlong+0.0104%1h0.5112long leg$34K$256K10x
Orderly PERP_SPX_USDC+0.0158%4h0.5127+0.301%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5125+0.262%$253K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1263%1h0.5133+0.421%$255K$553K20xas long as short