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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%
Price spread now: Gate against Extended+0.033%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$248as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2452.447% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.034%−$3 on $10k
Price spread, last 4 days (all we have)+0.160%+$16 · spread now +0.033%, 7d avg +0.039%
Together, before fees+0.126%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX-USD0.50380.0104pay 0.0013% / 1h23m 33s$34K$226K10x
ShortGate SPX_USDT0.50400.0100get 0.0050% / 4h2h 23m$1.0M$476K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.033% → +0.039%
−$0.6
Slippage, 4 orders
−$224.69
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$246.14
Costs to cover
2.447%
Break-even
never at this rate
Slippage from Extended: live order book, 63 min ago; Gate: 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 Extended live order book, 63 min ago3.32 bp35.2 bp −$35219.0 bp −$2,190doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago7.96 bp85.7 bp −$86doesn't fitdoesn'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
Kraken Futures PF_SPXUSD−0.0412%1h0.5043+0.101%$233K$560K20xas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−1.178%$9$4K5.5xas long as short
Variational Omni SPX+0.0070%4h0.5027−0.228%$845K$1.3Mas long as short
Lighter SPX+0.0096%1h0.5043+0.091%$116K$319K5xas long as short
Hyperliquid SPX+0.0100%1h0.5041+0.055%$9.9M$7.2M5xas long as short
Aster SPXUSDT+0.0100%4h0.5039+0.015%$124K$97K10xas long as short
Binance SPXUSDT+0.0100%4h0.5040+0.033%$5.0M$19.5M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5035−0.066%$11.7M$15.5M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5037−0.026%$979K$2.6M20xas long as short
Gate SPX_USDTshort+0.0100%4h0.5040+0.033%$1.0M$476K50x
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5039+0.013%$11.6M$4.5M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5040+0.033%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5043+0.093%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5038−0.007%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5034−0.086%$45K$248K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5056+0.351%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5019−0.384%$8K$1.6M20xas long as short
Extended SPX-USDlong+0.0104%1h0.5038long leg$34K$226K10x
BloFin SPX-USDT+0.0340%4h0.5032−0.126%$251K$914K75xas long as short