Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Gate against Aster−0.030%7-day average −0.076% · 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−$881as in the Price arb table

costs, in and out, $10k−$8858.851% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.030%, 7d avg −0.076%

Together, before fees+0.050%+ Points / potential airdropAster: Stage 5 · farm board+$5 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: Gate is 0.046% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPXUSDT	0.4994	0.0100	pay 0.0050% / 4h	1h 57m	$124K	$100K	10x
Short	Gate SPX_USDT	0.4993	0.0100	get 0.0050% / 4h	1h 57m	$1.0M	$473K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.076%: $4.57
Slippage, 4 orders: −$862.12
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$880.55
Costs to cover: 8.851%
Break-even: never at this rate

Slippage from Aster: live order book, 23 min ago; Gate: live order book, 5 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, 23 min ago	15.86 bp	711.2 bp −$711	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	7.01 bp	72.1 bp −$72	doesn't fit	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
Kraken Futures PF_SPXUSD	−0.1258%	1h	0.4985	−0.199%	$231K	$559K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.310%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.4998	+0.078%	$115K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.4998	+0.068%	$9.7M	$7.3M	5x	as long as short
Aster SPXUSDTlong	+0.0100%	4h	0.4994	long leg	$124K	$100K	10x
Binance SPXUSDT	+0.0100%	4h	0.4995	+0.012%	$4.9M	$19.6M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.4991	−0.070%	$11.6M	$15.5M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.4996	+0.030%	$968K	$2.6M	20x	as long as short
Gate SPX_USDTshort	+0.0100%	4h	0.4993	−0.030%	$1.0M	$473K	50x
MEXC SPX_USDT	+0.0100%	4h	0.4995	+0.010%	$11.4M	$4.6M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.4994	−0.010%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.4992	−0.050%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.4991	−0.070%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.4988	−0.125%	$870K	$1.3M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.4993	−0.030%	$45K	$247K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.4997	+0.050%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.4987	−0.150%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.4993	−0.025%	$34K	$226K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.4998	+0.070%	$250K	$914K	75x	as long as short