Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate+0.540%96s7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1921.916% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 3 days (all we have)+0.317%+$32 · spread now +0.540%, 7d avg +0.092%

Together, before fees+0.352%+$35 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: ApeX Omni is 0.448% dearer against Gate than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of +0.092%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5001	0.0100	pay 0.0050% / 4h	2h 09m	$1.0M	$478K	50x
Short	ApeX Omni SPXUSDT	0.5028	0.0100	get 0.0013% / 1h	9m 48s	$45K	$248K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee ApeX OmnibpOrdersPrice spread, now +0.540%Rate

Funding earned: $0
Price spread: +0.540% → +0.092%: $44.76
Slippage, 4 orders: −$166.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$146.81
Costs to cover: 1.916%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; ApeX Omni: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	6.98 bp	74.0 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 12 min ago	6.94 bp	14.6 bp −$15	98.8 bp −$988	doesn't fit	doesn't fit

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SPXUSD	−0.0414%	1h	0.5016	+0.293%	$232K	$560K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.440%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5017	+0.326%	$115K	$319K	5x	as long as short
Variational Omni SPX	+0.0100%	4h	0.5010	+0.177%	$874K	$1.3M	—	as long as short
Hyperliquid SPX	+0.0100%	1h	0.4999	−0.032%	$9.8M	$7.2M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5020	+0.388%	$124K	$99K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5006	+0.104%	$4.9M	$19.5M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.4992	−0.180%	$11.6M	$15.5M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.4994	−0.140%	$972K	$2.6M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5001	long leg	$1.0M	$478K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5013	+0.240%	$11.5M	$4.6M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5017	+0.320%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5000	−0.020%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.4992	−0.180%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDTshort	+0.0100%	1h	0.5028	+0.540%	$45K	$248K	25x
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5022	+0.420%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5006	+0.100%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5013	+0.239%	$34K	$226K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5017	+0.320%	$251K	$911K	75x	as long as short