data as of
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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−$102
spread now−0.195%7d average−0.197%fees + slippage, in and out−$102spread needed1.018%
Long on HyperliquidShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SPX0.52370.0100pay 0.0013% / 1h29m 10s$9.7M$5.4M5x
ShortOKX SPX-USDT-SWAP0.52270.0100get 0.0050% / 4h3h 29m$1.0M$2.2M20x

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
−$19.48
Funding while held
$0
Slippage, 4 orders
−$82.8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$121.28
Spread needed to break even
1.018%
Slippage from Hyperliquid: live order book, 5 min ago; OKX: live order book, 4 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, 5 min ago2.08 bp6.6 bp −$76.6 bp −$66doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago2.84 bp28.8 bp −$29doesn't fitdoesn't fitdoesn't fit

SPX price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.4979cheapestSunX0.5222+4.880%Extended0.5226+4.952%
OKX0.5227+4.981%
Bybit0.5230+5.041%KuCoin0.5231+5.061%MEXC0.5234+5.122%BingX0.5234+5.122%Binance0.5235+5.142%BloFin0.5235+5.142%Bitget0.5237+5.182%
Hyperliquid0.5237+5.186%
Gate0.5240+5.242%Orderly0.5240+5.242%Aster0.5244+5.313%Lighter0.5245+5.346%Kraken Futures0.5247+5.388%Variational Omni0.5250+5.449%ApeX Omni0.5263+5.704%

SPX on 19 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective SPX/USDC PERP−4.930%+0.0033%1h$9$4K5.5xas long as short
SunX SPX-USDT−0.290%+0.0100%4h$8K$1.4M20xas long as short
Extended SPX-USD−0.222%+0.0104%1h$36K$219K10xas long as short
OKX SPX-USDT-SWAPshort−0.195%+0.0100%4h$1.0M$2.2M20x
Bybit SPXUSDT−0.137%+0.0100%4h$12.5M$12.8M50xas long as short
KuCoin SPXUSDTM−0.118%−0.0022%4h$3.9M$5.0M50xas long as short
MEXC SPX_USDT−0.061%+0.0100%4h$10.0M$4.3M100xas long as short
BingX SPX-USDT−0.061%+0.0100%4h—$6.7M—as long as short
Binance SPXUSDT−0.042%+0.0100%4h$5.2M$15.7M75xas long as short
BloFin SPX-USDT−0.042%+0.0340%4h$269K$930K75xas long as short
Show all 19 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget SPXUSDT−0.004%+0.0100%4h$2.8M$1.1M50xas long as short
Hyperliquid SPXlong0.000%+0.0100%1h$9.7M$5.4M5x
Gate SPX_USDT+0.053%+0.0076%4h$1.0M$379K50xas long as short
Orderly PERP_SPX_USDC+0.053%+0.0100%4h$20K$20010xas long as short
Aster SPXUSDT+0.121%+0.0100%4h$138K$82K10xas long as short
Lighter SPX+0.153%+0.0096%1h$144K$254K5xas long as short
Kraken Futures PF_SPXUSD+0.192%+0.1252%1h$266K$325K20xas long as short
Variational Omni SPX+0.250%−0.0270%4h$1.2M$726K—as long as short
ApeX Omni SPXUSDT+0.493%+0.0100%1h$51K$247K25xas long as short