Funding arb · Price arb /

SPX

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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 0.000%

Price spread now: SunX against Aster−0.099%7-day average −0.187% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.262%−$26 · spread now −0.099%, 7d avg −0.187%

Together, before fees−0.263%+ Points / potential airdropAster: Stage 5 · farm board−$26 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: SunX is 0.088% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.187%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPXUSDT	0.5050	0.0100	pay 0.0050% / 4h	9m 52s	$128K	$110K	10x
Short	SunX SPX-USDT	0.5045	0.0100	get 0.0050% / 4h	9m 52s	$8K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → −0.187%: $8.83
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$7.17
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; SunX: live order book, 5 min ago. Net counts fees only.

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, 1 min ago	14.83 bp	673.8 bp −$674	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.15 bp	doesn't fit	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	−0.1176%	1h	0.5067	+0.331%	$241K	$554K	20x	as long as short
Variational Omni SPX	−0.0006%	4h	0.5035	−0.302%	$836K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.406%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5058	+0.154%	$116K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5063	+0.253%	$9.9M	$7.8M	5x	as long as short
Aster SPXUSDTlong	+0.0100%	4h	0.5050	long leg	$128K	$110K	10x
Binance SPXUSDT	+0.0100%	4h	0.5064	+0.272%	$5.0M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5060	+0.198%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5062	+0.238%	$961K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5063	+0.257%	$1.0M	$505K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5063	+0.257%	$11.2M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5064	+0.277%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5065	+0.297%	$2.7M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5065	+0.297%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5050	0.000%	$45K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5062	+0.238%	$20K	$711	10x	as long as short
SunX SPX-USDTshort	+0.0100%	4h	0.5045	−0.099%	$8K	$1.7M	20x
Extended SPX-USD	+0.0104%	1h	0.5063	+0.258%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5050	0.000%	$248K	$994K	75x	as long as short