ArbiLayer

SPX arbitrage

live

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

Best net spread-0.06%Bybit → Binance · Perp–Perp
Best perp–perp spread+0.10%Bybit → Binance
Markets tracked1410 venues · 10 perp · 4 spot · 0 DEX
Price range0.18%$0.4069 – $0.4076

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.4073Bybit logoBybitspot$0.4072 -0.02%-0.22% -0.02%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.4074Bybit logoBybitspot$0.4072 -0.05%-0.25% -0.05%— 0.000%— LS Chart →
Gate logoGatespot$0.4073KuCoin logoKuCoinspot$0.4071 -0.05%-0.25% -0.05%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.4075Bybit logoBybitspot$0.4072 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
Bybit logoBybitspot$0.4074KuCoin logoKuCoinspot$0.4071 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.4075KuCoin logoKuCoinspot$0.4071 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
Bybit logoBybitspot$0.4074Gate logoGatespot$0.407 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.4074Gate logoGatespot$0.407 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.4075Gate logoGatespot$0.407 -0.12%-0.32% -0.12%— 0.000%— LS Chart →
Gate logoGatespot$0.4073MEXC logoMEXCspot$0.4068 -0.12%-0.32% -0.12%— 0.000%— LS Chart →
Bybit logoBybitspot$0.4074MEXC logoMEXCspot$0.4068 -0.15%-0.35% -0.15%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.4074MEXC logoMEXCspot$0.4068 -0.15%-0.35% -0.15%— 0.000%— 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 $0.4073$0.4074$0.4074+0.01% +0.030%$10.18M
Bybit logoBybitPerpetual · SPXUSDTPerpetual $0.4068$0.4069$0.4069-0.11% +0.030%$7.67M
Hyperliquid logoHyperliquidPerpetual · SPXPerpetual $0.4071$0.4077$0.4074+0.03% +0.030%$3.36M
Bybit logoBybitSpot · SPXUSDTSpot $0.4072$0.4074$0.40730.00% —$2.97M
MEXC logoMEXCPerpetual · SPX_USDTPerpetual $0.4072$0.4074$0.40730.00% +0.030%$2.76M
OKX logoOKXPerpetual · SPX-USDT-SWAPPerpetual $0.4073$0.4074$0.4074+0.01% +0.030%$1.85M
Bitget logoBitgetPerpetual · SPXUSDTPerpetual $0.4072$0.4076$0.4074+0.02% +0.030%$1.17M
Gate logoGateSpot · SPX_USDTSpot $0.407$0.4073$0.4072-0.04% —$536.3K
KuCoin logoKuCoinSpot · SPX-USDTSpot $0.4071$0.4074$0.4073-0.01% —$431.4K
Gate logoGatePerpetual · SPX_USDTPerpetual $0.4072$0.4073$0.4073-0.01% +0.030%$114.6K
Variational logoVariationalPerpetual · SPXPerpetual $0.4067$0.4073$0.407-0.07% +0.030%$94.0K
Binance logoBinancePerpetual · SPXUSDTPerpetual $0.4073$0.4074$0.4074+0.01% +0.030%—
Aster logoAsterPerpetual · SPXUSDTPerpetual $0.4071$0.4081$0.4076+0.07% +0.030%—
MEXC logoMEXCSpot · SPXUSDTSpot $0.4068$0.4075$0.4072-0.04% ——
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 $0.4069 and the highest bid on KuCoin perp at $0.4073.

The widest SPX perpetual spread is between Bybit and Binance: long SPX on Bybit at $0.4069 and short on Binance at $0.4073 for +0.10% gross, or -0.06% 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 Gate and short the perpetual on Binance: 0.00% gross, -0.20% net, with +0.030% a day of funding on the short leg.

Spot–spot SPX arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) shows -0.02% 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 Binance (Perp–Perp): +0.10% gross and -0.06% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest SPX?

Bybit (perp) has the lowest SPX ask at $0.4069, and KuCoin (perp) the highest bid at $0.4073. 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 (Binance), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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