SPX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.012%

Price spread now: Bybit against Aster−0.204%7-day average −0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1111.105% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.062%−$6 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.204%, 7d avg −0.147%

Together, before fees+0.011%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.057% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.147%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPXUSDT	0.5159	0.0152	pay 0.0076% / 4h	3h 09m	$138K	$130K	10x
Short	Bybit SPXUSDT	0.5148	0.0100	get 0.0050% / 4h	3h 09m	$11.7M	$17.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee BybitbpOrdersPrice spread, now −0.204%Rate

Funding earned: −$11.02
Price spread: −0.204% → −0.147%: −$5.67
Slippage, 4 orders: −$91.51
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$127.2
Costs to cover: 1.105%
Break-even: never at this rate

Slippage from Aster: live order book, 42 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 42 min ago	7.73 bp	32.3 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.83 bp	21.6 bp −$22	69.4 bp −$694	doesn't fit	doesn't fit

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−3.480%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5159	+0.006%	$151K	$370K	5x	as long as short
Binance SPXUSDT	+0.0100%	4h	0.5158	−0.005%	$5.2M	$22.3M	75x	as long as short
Bybit SPXUSDTshort	+0.0100%	4h	0.5148	−0.204%	$11.7M	$17.0M	50x
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5143	−0.301%	$935K	$3.1M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5155	−0.068%	$1.0M	$592K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5156	−0.049%	$12.0M	$5.1M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5152	−0.126%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5157	−0.029%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5154	−0.088%	—	$6.9M	—	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPX	+0.0100%	4h	0.5148	−0.203%	$950K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5179	+0.397%	$26K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5153	−0.107%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5145	−0.259%	$34K	$252K	10x	as long as short
Hyperliquid SPX	+0.0135%	1h	0.5165	+0.122%	$10.5M	$7.8M	5x	as long as short
Aster SPXUSDTlong	+0.0152%	4h	0.5159	long leg	$138K	$130K	10x
Orderly PERP_SPX_USDC	+0.0219%	4h	0.5162	+0.068%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5161	+0.048%	$254K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1218%	1h	0.5164	+0.102%	$252K	$546K	20x	as long as short