data as of
Settings8H · net · $10k
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Price arb /

SPX

all SPX markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$60
spread now−0.132%7d average−0.245%fees + slippage, in and out−$71spread needed0.713%
Long on HyperliquidShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SPX0.50020.0100pay 0.0013% / 1h42m 14s$9.2M$5.5M5x
ShortBybit SPXUSDT0.49950.0100get 0.0050% / 4h2h 42m$11.5M$13.9M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$13.2
Funding while held
$0
Slippage, 4 orders
−$51.26
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$84.46
Spread needed to break even
0.713%
Slippage from Hyperliquid: live order book, 2 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 2 min ago2.88 bp23.4 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.98 bp19.3 bp −$1954.6 bp −$546428.2 bp −$42.8Kdoesn't fit

SPX price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.4979cheapestSunX0.4993+0.281%
Bybit0.4995+0.321%
Extended0.4997+0.362%Gate0.4997+0.362%Bitget0.4998+0.382%OKX0.4999+0.402%Binance0.5001+0.435%BingX0.5001+0.442%
Hyperliquid0.5002+0.454%
KuCoin0.5002+0.462%MEXC0.5003+0.482%Lighter0.5007+0.566%Orderly0.5009+0.603%Kraken Futures0.5011+0.648%Aster0.5021+0.838%ApeX Omni0.5039+1.205%BloFin0.5042+1.265%Variational Omni0.5055+1.530%

SPX on 19 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective SPX/USDC PERP−0.452%+0.0033%1h$9$4K5.5xas long as short
SunX SPX-USDT−0.172%+0.0100%4h$8K$1.4M20xas long as short
Bybit SPXUSDTshort−0.132%+0.0100%4h$11.5M$13.9M50x
Extended SPX-USD−0.092%+0.0104%1h$34K$219K10xas long as short
Gate SPX_USDT−0.092%+0.0100%4h$992K$391K50xas long as short
Bitget SPXUSDT−0.072%+0.0100%4h$2.6M$1.2M50xas long as short
OKX SPX-USDT-SWAP−0.052%+0.0100%4h$993K$2.2M20xas long as short
Binance SPXUSDT−0.019%+0.0100%4h$4.9M$16.3M75xas long as short
BingX SPX-USDT−0.012%+0.0100%4h—$6.8M—as long as short
Hyperliquid SPXlong0.000%+0.0100%1h$9.2M$5.5M5x
Show all 19 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin SPXUSDTM+0.008%+0.0100%4h$3.7M$5.0M50xas long as short
MEXC SPX_USDT+0.028%+0.0100%4h$9.7M$4.2M100xas long as short
Lighter SPX+0.112%+0.0096%1h$137K$258K5xas long as short
Orderly PERP_SPX_USDC+0.148%+0.0100%4h$19K$20010xas long as short
Kraken Futures PF_SPXUSD+0.193%+0.1635%1h$250K$337K20xas long as short
Aster SPXUSDT+0.382%+0.0100%4h$131K$80K10xas long as short
ApeX Omni SPXUSDT+0.748%+0.0100%1h$49K$246K25xas long as short
BloFin SPX-USDT+0.808%+0.0340%4h$264K$923K75xas long as short
Variational Omni SPX+1.071%−0.0230%4h$896K$1.1M—as long as short