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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%
Price spread now: Bybit against Extended−0.040%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1021.021% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.040%, 7d avg −0.041%
Together, before fees−0.098%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX-USD0.51120.0104pay 0.0013% / 1h53m 50s$33K$299K10x
ShortBybit SPXUSDT0.51100.0100get 0.0050% / 4h3h 53m$11.8M$17.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.040% → −0.041%
$0.09
Slippage, 4 orders
−$86.06
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$102.8
Costs to cover
1.021%
Break-even
never at this rate
Slippage from Extended: live order book, 43 min ago; Bybit: live order book, 5 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, 43 min ago3.43 bp38.1 bp −$38233.6 bp −$2,336doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago2.94 bp18.4 bp −$1847.6 bp −$476doesn'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%1h0.4979−2.603%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5117+0.101%$141K$405K5xas long as short
Hyperliquid SPX+0.0100%1h0.5117+0.093%$10.3M$8.4M5xas long as short
Aster SPXUSDT+0.0100%4h0.5119+0.143%$137K$93K10xas long as short
Binance SPXUSDT+0.0100%4h0.5117+0.092%$5.1M$23.8M75xas long as short
Bybit SPXUSDTshort+0.0100%4h0.5110−0.040%$11.8M$17.8M50x
OKX SPX-USDT-SWAP+0.0100%4h0.5109−0.060%$976K$3.4M20xas long as short
Gate SPX_USDT+0.0100%4h0.5113+0.019%$1.0M$642K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5115+0.058%$11.6M$5.0M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5114+0.038%$3.7M$5.5M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5119+0.136%$2.6M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5115+0.058%$7.0Mas long as short
Variational Omni SPX+0.0100%4h0.5103−0.174%$952K$1.6Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5104−0.157%$26K$249K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5124+0.234%$20K$59910xas long as short
SunX SPX-USDT+0.0100%4h0.5109−0.060%$8K$1.8M20xas long as short
Extended SPX-USDlong+0.0104%1h0.5112long leg$33K$299K10x
BloFin SPX-USDT+0.0340%4h0.5107−0.099%$252K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1469%1h0.5139+0.522%$260K$554K20xas long as short