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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.064%
Price spread now: Hyperliquid against SunX+0.285%7-day average +0.289% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.161%+$16 on $10k
Price spread, last 3 days (all we have)+0.166%+$17 · spread now +0.285%, 7d avg +0.289%
Together, before fees+0.327%+ Points / potential airdropHyperliquid: Season 2 · farm board+$33 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPX-USDT0.50440.0100pay 0.0050% / 4h4m 57s$8K$1.7M20x
ShortHyperliquid SPX0.50580.0100get 0.0013% / 1h4m 57s$9.9M$7.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.285% → +0.289%
−$0.36
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$17.36
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 10 min ago; Hyperliquid: live order book, 7 min ago. Net counts fees only.

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, 10 min ago500.15 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago3.87 bp12.7 bp −$13doesn't fitdoesn'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
Kraken Futures PF_SPXUSD−0.1177%1h0.5063+0.386%$241K$555K20xas long as short
Variational Omni SPX+0.0017%4h0.5042−0.033%$837K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−1.289%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5058+0.274%$116K$319K5xas long as short
Hyperliquid SPXshort+0.0100%1h0.5058+0.285%$9.9M$7.7M5x
Aster SPXUSDT+0.0100%4h0.5061+0.331%$128K$110K10xas long as short
Binance SPXUSDT+0.0100%4h0.5069+0.502%$5.0M$21.1M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5068+0.476%$11.6M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5072+0.555%$964K$2.8M20xas long as short
Gate SPX_USDT+0.0100%4h0.5060+0.317%$1.0M$506K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5065+0.416%$11.2M$4.7M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5065+0.416%$3.7M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5068+0.476%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5073+0.575%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5054+0.198%$45K$245K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5064+0.397%$20K$71110xas long as short
SunX SPX-USDTlong+0.0100%4h0.5044long leg$8K$1.7M20x
Extended SPX-USD+0.0104%1h0.5072+0.555%$34K$228K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5060+0.317%$247K$996K75xas long as short