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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Aster against Injective+2.096%57s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 2.096% dearer against Injective than usual: you sell high and buy low: +$210 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SPX/USDC PERP0.49790.0033pay 0.0004% / 1h44m 25s$9$4K5.5x
ShortAster SPXUSDT0.50830.0100get 0.0050% / 4h3h 44m$129K$110K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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
$14
Price spread: +2.096% → 0.000%
$209.63
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Net
$215.61
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Aster: live order book, 27 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Aster live order book, 27 min ago14.83 bp25.7 bp −$26doesn't fitdoesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Variational Omni SPX+0.0033%4h0.5072+1.862%$839K$1.3Mas long as short
Injective SPX/USDC PERPlong+0.0033%1h0.4979long leg$9$4K5.5x
Lighter SPX+0.0096%1h0.5091+2.249%$127K$314K5xas long as short
Hyperliquid SPX+0.0100%1h0.5077+1.972%$9.9M$7.9M5xas long as short
Aster SPXUSDTshort+0.0100%4h0.5083+2.096%$129K$110K10x
Binance SPXUSDT+0.0100%4h0.5081+2.048%$5.0M$21.2M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5075+1.928%$11.5M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5074+1.908%$965K$2.8M20xas long as short
Gate SPX_USDT+0.0100%4h0.5081+2.049%$1.1M$509K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5083+2.089%$11.2M$4.7M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTM+0.0100%4h0.5081+2.049%$3.7M$5.4M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5085+2.129%$2.6M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5080+2.029%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5062+1.667%$45K$246K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5092+2.270%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5076+1.948%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5081+2.047%$33K$264K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5081+2.049%$250K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.0962%1h0.5094+2.311%$247K$556K20xas long as short