Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: KuCoin against Gate−0.039%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$363as in the Funding arb table

Net, price: spread back to 7d avg − costs−$371as in the Price arb table

costs, in and out, $10k−$3633.629% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.169%+$17 · spread now −0.039%, 7d avg +0.044%

Together, before fees+0.169%+$17 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 0.083% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5100	0.0100	pay 0.0050% / 4h	3h 32m	$1.0M	$646K	50x
Short	KuCoin SPXUSDTM	0.5098	0.0100	get 0.0050% / 4h	3h 32m	$3.6M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.044%: −$8.31
Slippage, 4 orders: −$335.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$371.19
Costs to cover: 3.629%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 5 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, 4 min ago	7.82 bp	80.8 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.92 bp	83.4 bp −$83	306.1 bp −$3,061	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−2.373%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0083%	4h	0.5114	+0.278%	$954K	$1.6M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5101	+0.010%	$140K	$406K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5099	−0.018%	$10.3M	$8.4M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5102	+0.047%	$136K	$93K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5095	−0.098%	$5.1M	$23.8M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5086	−0.275%	$11.7M	$17.9M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5089	−0.216%	$977K	$3.4M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5100	long leg	$1.0M	$646K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5103	+0.059%	$11.6M	$5.0M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTMshort	+0.0100%	4h	0.5098	−0.039%	$3.6M	$5.5M	50x
Bitget SPXUSDT	+0.0100%	4h	0.5097	−0.059%	$2.6M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5094	−0.118%	—	$7.0M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5127	+0.529%	$26K	$249K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5105	+0.098%	$20K	$599	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5093	−0.137%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5099	−0.016%	$46K	$314K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5105	+0.098%	$252K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1478%	1h	0.5109	+0.179%	$260K	$555K	20x	as long as short