Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against SunX+0.415%7-day average +0.188% · you sell dearer than you buy

Net, funding: paid 7d − costs−$259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2602.598% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.415%, 7d avg +0.188%

Together, before fees−0.012%−$1 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: ApeX Omni is 0.227% dearer against SunX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.188%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPX-USDT	0.5057	0.0100	pay 0.0050% / 4h	1h 08m	$8K	$1.7M	20x
Short	ApeX Omni SPXUSDT	0.5078	0.0100	get 0.0013% / 1h	8m 50s	$27K	$249K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now +0.415%Rate

Funding earned: $0
Price spread: +0.415% → +0.188%: $22.71
Slippage, 4 orders: −$241.77
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$237.05
Costs to cover: 2.598%
Break-even: never at this rate

Slippage from SunX: live order book, 1 min ago; ApeX Omni: live order book, 36 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 SunX live order book, 1 min ago	32.60 bp	110.7 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 36 min ago	9.79 bp	16.8 bp −$17	102.8 bp −$1,028	doesn't fit	doesn't fit

SPX on 19 exchanges

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	−1.542%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5077	+0.392%	$128K	$380K	5x	as long as short
Aster SPXUSDT	+0.0100%	4h	0.5072	+0.290%	$128K	$101K	10x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5075	+0.351%	$5.2M	$23.6M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5063	+0.119%	$11.8M	$17.5M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5065	+0.158%	$974K	$3.4M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5062	+0.099%	$1.0M	$691K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5071	+0.277%	$10.6M	$5.0M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5067	+0.198%	$3.6M	$5.5M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5074	+0.336%	$2.6M	$1.3M	50x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDT	+0.0100%	4h	0.5063	+0.119%	—	$7.0M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5059	+0.044%	$940K	$1.7M	—	as long as short
ApeX Omni SPXUSDTshort	+0.0100%	1h	0.5078	+0.415%	$27K	$249K	25x
SunX SPX-USDTlong	+0.0100%	4h	0.5057	long leg	$8K	$1.7M	20x
Extended SPX-USD	+0.0104%	1h	0.5068	+0.215%	$44K	$316K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0134%	4h	0.5074	+0.336%	$20K	$511	10x	as long as short
Hyperliquid SPX	+0.0193%	1h	0.5083	+0.510%	$10.6M	$8.6M	5x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5076	+0.376%	$257K	$932K	75x	as long as short
Kraken Futures PF_SPXUSD	+0.2506%	1h	0.5078	+0.412%	$274K	$544K	20x	as long as short