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: Aster against BingX−0.023%7-day average +0.079% · you buy dearer than you sell

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

Long on BingX Short on Aster

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 4 days (all we have)+0.039%+$4 · spread now −0.023%, 7d avg +0.079%

Together, before fees+0.039%+ Points / potential airdropAster: Stage 5 · farm board+$4 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: Aster is 0.102% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPX-USDT	0.5055	0.0100	pay 0.0050% / 4h	16m 17s	—	$6.9M	—
Short	Aster SPXUSDT	0.5054	0.0100	get 0.0050% / 4h	16m 17s	$128K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.079%: −$10.15
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.15
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 6 min ago; Aster: live order book, 60 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 BingX live order book, 6 min ago	6.91 bp	28.5 bp −$29	55.2 bp −$552	388.5 bp −$38.9K	1185.1 bp −$592.6K
Sell Aster live order book, 60 min ago	15.06 bp	40.1 bp −$40	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	−0.1177%	1h	0.5065	+0.197%	$241K	$555K	20x	as long as short
Variational Omni SPX	+0.0015%	4h	0.5050	−0.094%	$838K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.503%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5057	+0.032%	$116K	$319K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5057	+0.032%	$9.9M	$7.7M	5x	as long as short
Aster SPXUSDTshort	+0.0100%	4h	0.5054	−0.023%	$128K	$110K	10x
Binance SPXUSDT	+0.0100%	4h	0.5053	−0.040%	$5.0M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5048	−0.138%	$11.5M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5050	−0.099%	$960K	$2.8M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5055	0.000%	$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	0.5055	0.000%	$11.2M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5053	−0.040%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5061	+0.119%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDTlong	+0.0100%	4h	0.5055	long leg	—	$6.9M	—
ApeX Omni SPXUSDT	+0.0100%	1h	0.5061	+0.119%	$45K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5061	+0.119%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5045	−0.198%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5052	−0.068%	$34K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5049	−0.119%	$247K	$994K	75x	as long as short