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 −0.016%
Price spread now: KuCoin against SunX+0.118%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$390as in the Funding arb table
Net, price: spread back to 7d avg − costs−$389as in the Price arb table
costs, in and out, $10k−$3883.879% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 4 days (all we have)+0.127%+$13 · spread now +0.118%, 7d avg +0.126%
Together, before fees+0.109%+$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPX-USDT0.50950.0100pay 0.0050% / 4h16m 17s$8K$1.8M20x
ShortKuCoin SPXUSDTM0.51010.0100get 0.0050% / 4h16m 17s$3.7M$5.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.118% → +0.126%
−$0.87
Slippage, 4 orders
−$367.95
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$388.81
Costs to cover
3.879%
Break-even
never at this rate
Slippage from SunX: live order book, 10 min ago; KuCoin: 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, 10 min ago34.45 bp110.7 bp −$111doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago3.92 bp63.2 bp −$63296.9 bp −$2,969doesn'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%1h0.4979−2.277%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5107+0.228%$140K$407K5xas long as short
Hyperliquid SPX+0.0100%1h0.5105+0.194%$10.3M$8.3M5xas long as short
Aster SPXUSDT+0.0100%4h0.5100+0.108%$136K$93K10xas long as short
Binance SPXUSDT+0.0100%4h0.5102+0.137%$5.1M$23.8M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5094−0.020%$11.8M$17.8M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5098+0.059%$974K$3.4M20xas long as short
Gate SPX_USDT+0.0100%4h0.5099+0.079%$1.0M$659K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5104+0.177%$11.7M$5.1M100xas long as short
KuCoin SPXUSDTMshort+0.0100%4h0.5101+0.118%$3.7M$5.5M50x
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5102+0.137%$2.6M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5105+0.196%$7.0Mas long as short
Variational Omni SPX+0.0100%4h0.5072−0.459%$945K$1.6Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5101+0.118%$26K$248K25xas long as short
SunX SPX-USDTlong+0.0100%4h0.5095long leg$8K$1.8M20x
Extended SPX-USD+0.0104%1h0.5099+0.084%$33K$302K10xas long as short
Orderly PERP_SPX_USDC+0.0141%4h0.5108+0.255%$20K$59910xas long as short
BloFin SPX-USDT+0.0340%4h0.5100+0.098%$253K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1269%1h0.5112+0.327%$255K$552K20xas long as short