Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: SunX against Gate+0.077%7-day average −0.112% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.343%−$34 · spread now +0.077%, 7d avg −0.112%

Together, before fees−0.326%−$33 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: SunX is 0.189% dearer against Gate than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5202	0.0100	pay 0.0050% / 4h	2h 12m	$1.0M	$642K	50x
Short	SunX SPX-USDT	0.5206	0.0100	get 0.0050% / 4h	2h 12m	$9K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → −0.112%: $18.88
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.12
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; SunX: live order book, 3 min ago. Net counts fees only.

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, 5 min ago	8.75 bp	117.2 bp −$117	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	501.11 bp	doesn't fit	doesn't fit	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	−4.287%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5214	+0.229%	$154K	$393K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5216	+0.279%	$10.6M	$8.0M	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5201	−0.016%	$139K	$92K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5213	+0.211%	$5.2M	$23.0M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5206	+0.077%	$11.8M	$17.4M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5210	+0.154%	$981K	$3.3M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5202	long leg	$1.0M	$642K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5215	+0.250%	$12.0M	$5.2M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5208	+0.115%	$3.8M	$5.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5208	+0.115%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5209	+0.135%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5145	−1.093%	$947K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5209	+0.135%	$27K	$254K	25x	as long as short
SunX SPX-USDTshort	+0.0100%	4h	0.5206	+0.077%	$9K	$1.7M	20x
Extended SPX-USD	+0.0104%	1h	0.5205	+0.049%	$34K	$258K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0198%	4h	0.5217	+0.288%	$21K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5200	−0.038%	$245K	$1.1M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1408%	1h	0.5221	+0.372%	$255K	$553K	20x	as long as short