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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.019%
Price spread now: KuCoin against Extended−0.195%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2542.545% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.195%, 7d avg +0.041%
Together, before fees+0.187%+ Points / potential airdropExtended: Active · farm board+$19 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: KuCoin is 0.236% cheaper against Extended than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SPX-USD0.50220.0104pay 0.0013% / 1h40m 13s$37K$261K10x
ShortKuCoin SPXUSDTM0.50120.0100get 0.0050% / 4h2h 40m$3.7M$5.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.195% → +0.041%
−$23.64
Slippage, 4 orders
−$237.49
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$278.97
Costs to cover
2.545%
Break-even
never at this rate
Slippage from Extended: live order book, 27 min ago; KuCoin: 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, 27 min ago3.70 bp25.9 bp −$26189.6 bp −$1,896doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago3.97 bp105.8 bp −$106268.9 bp −$2,689doesn'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%1h0.4979−0.852%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5030+0.163%$136K$358K5xas long as short
Variational Omni SPX+0.0100%4h0.5030+0.168%$870K$1.4Mas long as short
Hyperliquid SPX+0.0100%1h0.5021−0.022%$10.0M$7.7M5xas long as short
Aster SPXUSDT+0.0100%4h0.5033+0.222%$128K$111K10xas long as short
Binance SPXUSDT+0.0100%4h0.5021−0.019%$5.1M$21.4M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5023+0.024%$11.4M$16.2M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5024+0.044%$945K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5007−0.295%$997K$549K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5025+0.064%$11.1M$4.8M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTMshort+0.0100%4h0.5012−0.195%$3.7M$5.4M50x
Bitget SPXUSDT+0.0100%4h0.5011−0.215%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5010−0.235%$6.8Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5064+0.840%$45K$246K25xas long as short
SunX SPX-USDT+0.0100%4h0.5007−0.295%$8K$1.7M20xas long as short
Extended SPX-USDlong+0.0104%1h0.5022long leg$37K$261K10x
Orderly PERP_SPX_USDC+0.0109%4h0.5027+0.103%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5071+0.980%$257K$1.1M75xas long as short
Kraken Futures PF_SPXUSD+0.1186%1h0.5035+0.259%$249K$558K20xas long as short