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: Bitget against SunX+0.175%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2792.791% 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)+0.089%+$9 · spread now +0.175%, 7d avg +0.168%
Together, before fees+0.089%+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPX-USDT0.51450.0100pay 0.0050% / 4h40m 52s$8K$1.8M20x
ShortBitget SPXUSDT0.51540.0100get 0.0050% / 4h40m 52s$2.7M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.175% → +0.168%
$0.71
Slippage, 4 orders
−$259.11
Fee SunX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$278.41
Costs to cover
2.791%
Break-even
never at this rate
Slippage from SunX: live order book, 5 min ago; Bitget: live order book, 2 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, 5 min ago32.95 bp105.6 bp −$106doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago10.65 bp35.0 bp −$35101.6 bp −$1,016doesn't fitdoesn't fit

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%1h0.4979−3.226%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5152+0.136%$140K$405K5xas long as short
Hyperliquid SPX+0.0100%1h0.5160+0.284%$10.4M$8.3M5xas long as short
Aster SPXUSDT+0.0100%4h0.5155+0.201%$138K$93K10xas long as short
Binance SPXUSDT+0.0100%4h0.5152+0.128%$5.2M$23.7M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5144−0.019%$11.9M$17.8M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.51450.000%$974K$3.4M20xas long as short
Gate SPX_USDT+0.0100%4h0.5152+0.136%$1.0M$655K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5152+0.136%$11.8M$5.1M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5156+0.214%$3.7M$5.5M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDTshort+0.0100%4h0.5154+0.175%$2.7M$1.5M50x
BingX SPX-USDT+0.0100%4h0.5147+0.039%$6.9Mas long as short
Variational Omni SPX+0.0100%4h0.5144−0.010%$997K$1.6Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5168+0.447%$26K$248K25xas long as short
SunX SPX-USDTlong+0.0100%4h0.5145long leg$8K$1.8M20x
Extended SPX-USD+0.0104%1h0.5146+0.022%$33K$247K10xas long as short
Orderly PERP_SPX_USDC+0.0163%4h0.5159+0.272%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5150+0.097%$254K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1257%1h0.5160+0.285%$256K$553K20xas long as short