SPX

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+1.342%

7d average—if it closes, per $10,000$134funding while held, a day+$0.12

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPX_USDC	0.5021	0.0100	pay 0.0050% / 4h	1h 32m	$19K	$200	10x
Short	Extended SPX-USD	0.5088	0.0104	get 0.0013% / 1h	32m 29s	$35K	$221K	10x

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee OrderlybpFee ExtendedbpOrdersClose when spread is

Spread captured: $134.16
Funding while held: $0.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $123.28
Spread needed to break even: 0.110%

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 17 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0004%
Per $10,000 a day: +$0.12
Average in range /8h: —

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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 17 min ago	3.99 bp	35.7 bp −$36	225.6 bp −$2,256	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPX price on every exchange

against the cheapest. Click to use as the short leg.

Injective0.4979cheapest SunX0.5005+0.522%Variational Omni0.5011+0.636%BloFin0.5012+0.663%ApeX Omni0.5013+0.683%

Orderly0.5021+0.844%

Kraken Futures0.5023+0.878%Aster0.5047+1.362%Gate0.5066+1.747%Lighter0.5074+1.916%BingX0.5085+2.129%

Extended0.5088+2.196%

Binance0.5091+2.241%Bybit0.5091+2.249%KuCoin0.5092+2.270%Bitget0.5092+2.270%OKX0.5096+2.350%MEXC0.5096+2.350%Hyperliquid0.5110+2.625%

SPX on 19 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective SPX/USDC PERP	−0.836%	+0.0033%	1h	$9	$4K	5.5x	as long as short
SunX SPX-USDT	−0.319%	+0.0100%	4h	$8K	$1.5M	20x	as long as short
Variational Omni SPX	−0.206%	−0.0180%	4h	$831K	$1.2M	—	as long as short
BloFin SPX-USDT	−0.179%	+0.0340%	4h	$252K	$927K	75x	as long as short
ApeX Omni SPXUSDT	−0.159%	+0.0100%	1h	$45K	$245K	25x	as long as short
Orderly PERP_SPX_USDClong	0.000%	+0.0100%	4h	$19K	$200	10x
Kraken Futures PF_SPXUSD	+0.034%	+0.0956%	1h	$240K	$365K	20x	as long as short
Aster SPXUSDT	+0.514%	+0.0100%	4h	$132K	$81K	10x	as long as short
Gate SPX_USDT	+0.896%	+0.0100%	4h	$1.0M	$436K	50x	as long as short
Lighter SPX	+1.064%	+0.0096%	1h	$119K	$296K	5x	as long as short

Show all 19 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BingX SPX-USDT	+1.275%	+0.0100%	4h	—	$6.8M	—	as long as short
Extended SPX-USDshort	+1.342%	+0.0104%	1h	$35K	$221K	10x
Binance SPXUSDT	+1.385%	+0.0100%	4h	$4.9M	$17.6M	75x	as long as short
Bybit SPXUSDT	+1.394%	+0.0100%	4h	$11.6M	$14.5M	50x	as long as short
KuCoin SPXUSDTM	+1.414%	+0.0100%	4h	$3.8M	$5.1M	50x	as long as short
Bitget SPXUSDT	+1.414%	+0.0100%	4h	$2.6M	$1.3M	50x	as long as short
OKX SPX-USDT-SWAP	+1.494%	+0.0100%	4h	$986K	$2.4M	20x	as long as short
MEXC SPX_USDT	+1.494%	+0.0100%	4h	$10.8M	$4.5M	100x	as long as short
Hyperliquid SPX	+1.767%	+0.0519%	1h	$9.9M	$6.0M	5x	as long as short