Settings8H · net · $10k
Funding arb · Price arb /

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Aster−0.087%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$794as in the Price arb table
costs, in and out, $10k−$7977.966% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.007%+$1 on $10k
Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.087%, 7d avg −0.115%
Together, before fees−0.061%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.028% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.115%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SPXUSDT0.50370.0100pay 0.0050% / 4h2h 17m$124K$97K10x
ShortExtended SPX-USD0.50330.0104get 0.0013% / 1h17m 03s$34K$226K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.087% → −0.115%
$2.8
Slippage, 4 orders
−$783.57
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$792.93
Costs to cover
7.966%
Break-even
6614.8 days
Slippage from Aster: live order book, 4 min ago; Extended: live order book, 5 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 Aster live order book, 4 min ago15.86 bp711.2 bp −$711doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 5 min ago3.28 bp26.4 bp −$26199.5 bp −$1,995doesn'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
Kraken Futures PF_SPXUSD−0.0413%1h0.5033−0.076%$233K$560K20xas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−1.157%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5038+0.022%$116K$319K5xas long as short
Variational Omni SPX+0.0100%4h0.5039+0.029%$877K$1.3Mas long as short
Hyperliquid SPX+0.0100%1h0.5035−0.037%$9.8M$7.2M5xas long as short
Aster SPXUSDTlong+0.0100%4h0.5037long leg$124K$97K10x
Binance SPXUSDT+0.0100%4h0.5037−0.012%$5.0M$19.5M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5028−0.184%$11.7M$15.5M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5026−0.224%$977K$2.6M20xas long as short
Gate SPX_USDT+0.0100%4h0.5034−0.065%$1.0M$477K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5035−0.045%$11.6M$4.5M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5037−0.006%$3.8M$5.2M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5039+0.034%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5032−0.105%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5043+0.113%$45K$248K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5043+0.113%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5026−0.224%$8K$1.6M20xas long as short
Extended SPX-USDshort+0.0104%1h0.5033−0.087%$34K$226K10x
BloFin SPX-USDT+0.0340%4h0.5037−0.006%$250K$915K75xas long as short