data as of
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Price arb /

SPX

all SPX markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.145%
7d average+0.010%if it closes, per $10,000$14funding while held, a day+$8.80
Long on Variational OmniShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SPX0.4996−0.0193get 0.0097% / 4h2h 39m$876K$1.1M—
ShortBybit SPXUSDT0.50030.0100get 0.0050% / 4h2h 39m$11.5M$14.0M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$14.46
Funding while held
$8.8
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$12.26
Spread needed to break even
0.110%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bybit: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0293%
Per $10,000 a day
+$8.80
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 1 min ago5.01 bpdoesn't fit47.1 bp −$471doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago1.98 bp19.3 bp −$1954.6 bp −$546428.2 bp −$42.8Kdoesn't fit

SPX price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.4979cheapestSunX0.4992+0.261%
Variational Omni0.4996+0.337%
Extended0.4998+0.390%Gate0.5000+0.422%KuCoin0.5001+0.442%Aster0.5001+0.449%Binance0.5002+0.470%
Bybit0.5003+0.482%
Bitget0.5006+0.542%OKX0.5007+0.562%MEXC0.5007+0.562%Hyperliquid0.5007+0.566%BloFin0.5009+0.603%BingX0.5010+0.623%Orderly0.5011+0.643%Lighter0.5011+0.647%Kraken Futures0.5016+0.745%ApeX Omni0.5039+1.205%

SPX on 19 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective SPX/USDC PERP−0.336%+0.0033%1h$9$4K5.5xas long as short
SunX SPX-USDT−0.076%+0.0100%4h$8K$1.4M20xas long as short
Variational Omni SPXlong0.000%−0.0193%4h$876K$1.1M—
Extended SPX-USD+0.053%+0.0104%1h$34K$219K10xas long as short
Gate SPX_USDT+0.085%+0.0100%4h$993K$391K50xas long as short
KuCoin SPXUSDTM+0.105%+0.0100%4h$3.8M$5.0M50xas long as short
Aster SPXUSDT+0.111%+0.0100%4h$130K$80K10xas long as short
Binance SPXUSDT+0.132%+0.0100%4h$4.8M$16.4M75xas long as short
Bybit SPXUSDTshort+0.145%+0.0100%4h$11.5M$14.0M50x
Bitget SPXUSDT+0.205%+0.0100%4h$2.6M$1.2M50xas long as short
Show all 19 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX SPX-USDT-SWAP+0.225%+0.0100%4h$991K$2.2M20xas long as short
MEXC SPX_USDT+0.225%+0.0100%4h$9.8M$4.2M100xas long as short
Hyperliquid SPX+0.229%+0.0100%1h$9.2M$5.4M5xas long as short
BloFin SPX-USDT+0.265%+0.0340%4h$262K$920K75xas long as short
BingX SPX-USDT+0.285%+0.0100%4h—$6.8M—as long as short
Orderly PERP_SPX_USDC+0.305%+0.0100%4h$19K$20010xas long as short
Lighter SPX+0.309%+0.0096%1h$137K$258K5xas long as short
Kraken Futures PF_SPXUSD+0.407%+0.1634%1h$250K$338K20xas long as short
ApeX Omni SPXUSDT+0.865%+0.0100%1h$49K$246K25xas long as short