ArbiLayer

SPX arbitrage

live

Live SPX6900 price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.05%Bybit → OKX · Perp–Perp
Best perp–perp spread+0.21%Bybit → OKX
Markets tracked1410 venues · 10 perp · 4 spot · 0 DEX
Price range0.32%$0.3867 – $0.388

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.387OKX logoOKX$0.3878 +0.21%+0.05% +0.21%— 0.000%— LS Chart →
Variational logoVariational$0.387OKX logoOKX$0.3878 +0.21%+0.05% +0.21%— +0.030%— LS Chart →
Bybit logoBybit$0.387Binance logoBinance$0.3876 +0.16%-0.00% +0.16%— 0.000%— LS Chart →
Bybit logoBybit$0.387MEXC logoMEXC$0.3876 +0.16%-0.00% +0.16%— 0.000%— LS Chart →
Variational logoVariational$0.387Binance logoBinance$0.3876 +0.16%-0.00% +0.16%— +0.030%— LS Chart →
Variational logoVariational$0.387MEXC logoMEXC$0.3876 +0.16%-0.00% +0.16%— +0.030%— LS Chart →
Bybit logoBybit$0.387KuCoin logoKuCoin$0.3875 +0.13%-0.03% +0.13%— 0.000%— LS Chart →
Bybit logoBybit$0.387Aster logoAster$0.3875 +0.13%-0.03% +0.13%— 0.000%— LS Chart →
Variational logoVariational$0.387KuCoin logoKuCoin$0.3875 +0.13%-0.03% +0.13%— +0.030%— LS Chart →
Variational logoVariational$0.387Aster logoAster$0.3875 +0.13%-0.03% +0.13%— +0.030%— LS Chart →
Gate logoGate$0.3873OKX logoOKX$0.3878 +0.13%-0.03% +0.13%— 0.000%— LS Chart →
Bybit logoBybit$0.387Bitget logoBitget$0.3874 +0.10%-0.06% +0.10%— 0.000%— LS Chart →
Variational logoVariational$0.387Bitget logoBitget$0.3874 +0.10%-0.06% +0.11%— +0.030%— LS Chart →
Bybit logoBybit$0.387Hyperliquid logoHyperliquid$0.3874 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
Variational logoVariational$0.387Hyperliquid logoHyperliquid$0.3874 +0.09%-0.07% +0.09%— +0.030%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

SPX price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
KuCoin logoKuCoinPerpetual · SPXUSDTMPerpetual $0.3875$0.3876$0.38760.00% +0.030%$10.74M
Bybit logoBybitPerpetual · SPXUSDTPerpetual $0.3869$0.387$0.387-0.15% +0.030%$7.59M
MEXC logoMEXCPerpetual · SPX_USDTPerpetual $0.3876$0.3877$0.3877+0.03% +0.030%$2.73M
Bybit logoBybitSpot · SPXUSDTSpot $0.3873$0.3876$0.3874-0.03% —$2.66M
Hyperliquid logoHyperliquidPerpetual · SPXPerpetual $0.3874$0.3878$0.3876+0.01% +0.030%$2.33M
OKX logoOKXPerpetual · SPX-USDT-SWAPPerpetual $0.3878$0.3879$0.3879+0.08% +0.030%$1.85M
Bitget logoBitgetPerpetual · SPXUSDTPerpetual $0.3874$0.3879$0.3877+0.03% +0.030%$1.19M
Gate logoGateSpot · SPX_USDTSpot $0.3874$0.3877$0.38760.00% —$550.0K
KuCoin logoKuCoinSpot · SPX-USDTSpot $0.3873$0.3878$0.3875-0.00% —$431.1K
Variational logoVariationalPerpetual · SPXPerpetual $0.3864$0.387$0.3867-0.22% +0.000%$114.8K
Gate logoGatePerpetual · SPX_USDTPerpetual $0.3872$0.3873$0.3873-0.08% +0.030%$103.0K
Binance logoBinancePerpetual · SPXUSDTPerpetual $0.3876$0.3877$0.3877+0.03% +0.030%—
Aster logoAsterPerpetual · SPXUSDTPerpetual $0.3875$0.3884$0.388+0.10% +0.030%—
MEXC logoMEXCSpot · SPXUSDTSpot $0.3871$0.3879$0.3875-0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

SPX arbitrage explained

Right now SPX6900 (SPX) trades on 10 venues we scan: 10 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.387 and the highest bid on OKX perp at $0.3878.

The widest SPX perpetual spread is between Bybit and OKX: long SPX on Bybit at $0.387 and short on OKX at $0.3878 for +0.21% gross, or +0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best SPX route is to buy spot on Bybit and short the perpetual on OKX: +0.05% gross, -0.15% net, with +0.030% a day of funding on the short leg.

Spot–spot SPX arbitrage (buy on Bybit, withdraw, deposit and sell on Gate) shows -0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small SPX gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: SPX funding rates · SPX spread charts · SPX6900 price · arbitrage scanner for all coins.

Is there a SPX arbitrage opportunity right now?

The best SPX route right now is to buy on Bybit → sell on OKX (Perp–Perp): +0.21% gross and +0.05% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest SPX?

Bybit (perp) has the lowest SPX ask at $0.387, and OKX (perp) the highest bid at $0.3878. Prices update every 15 seconds on this page.

How many exchanges list SPX?

ArbiLayer tracks 14 SPX markets on 10 venues: 10 perpetual, 4 spot and 0 DEX pools.

How do I arbitrage SPX without transferring coins?

Use two perpetual contracts: go long SPX on the cheaper exchange (Bybit now) and short it on the more expensive one (OKX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

POWER +17.62%BLAST +17.11%CRO +16.32%ESPORTS +8.58%BDX +7.07%ONE +6.63%OPENAI +6.32%UPC +6.25%BAY +6.10%ANTHROPIC +3.19%AI +2.87%ZIL +2.86%EGLD +2.83%SPCX +2.67%APPSTOCK +2.10%PENGSTOCK +1.95%BP +1.75%LUNC +1.47%