Settings8H · net · $10k
Funding arb · Price arb /

SPX

all SPX markets
SwapBacktest
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 0.000%
Price spread now: BingX against SunX+0.117%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$310as in the Funding arb table
Net, price: spread back to 7d avg − costs−$310as in the Price arb table
costs, in and out, $10k−$3103.101% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.225%+$22 · spread now +0.117%, 7d avg +0.113%
Together, before fees+0.225%+$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPX-USDT0.51170.0100pay 0.0050% / 4h3h 01m$8K$1.7M20x
ShortBingX SPX-USDT0.51230.0100get 0.0050% / 4h3h 01m$6.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: +0.117% → +0.113%
$0.39
Slippage, 4 orders
−$292.1
Fee SunX: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$309.72
Costs to cover
3.101%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago32.04 bp122.3 bp −$122doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 6 min ago8.72 bp31.2 bp −$3161.5 bp −$615267.4 bp −$26.7K1109.0 bp −$554.5K

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SPX/USDC PERP+0.0033%1h0.4979−2.697%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5129+0.238%$150K$370K5xas long as short
Hyperliquid SPX+0.0100%1h0.5129+0.233%$10.4M$7.8M5xas long as short
Binance SPXUSDT+0.0100%4h0.5129+0.242%$5.1M$22.3M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5126+0.176%$11.7M$17.0M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5128+0.215%$933K$3.1M20xas long as short
Gate SPX_USDT+0.0100%4h0.5120+0.059%$1.0M$599K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5130+0.254%$11.9M$5.1M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5126+0.176%$3.7M$5.4M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5129+0.235%$2.7M$1.5M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SPX-USDTshort+0.0100%4h0.5123+0.117%$6.9M
Variational Omni SPX+0.0100%4h0.5163+0.891%$953K$1.5Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5159+0.821%$26K$254K25xas long as short
SunX SPX-USDTlong+0.0100%4h0.5117long leg$8K$1.7M20x
Extended SPX-USD+0.0104%1h0.5121+0.081%$33K$252K10xas long as short
Aster SPXUSDT+0.0109%4h0.5130+0.246%$137K$130K10xas long as short
Orderly PERP_SPX_USDC+0.0204%4h0.5131+0.274%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5129+0.235%$252K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1225%1h0.5136+0.378%$251K$546K20xas long as short