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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%
Price spread now: Aster against Lighter−0.052%7-day average −0.036% · you buy dearer than you sell
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 5 days (all we have)−0.011%−$1 on $10k
Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.052%, 7d avg −0.036%
Together, before fees+0.022%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter SPX0.50540.0096pay 0.0012% / 1h55m 47s$116K$338K5x
ShortAster SPXUSDT0.50520.0100get 0.0050% / 4h2h 55m$128K$111K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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: −0.052% → −0.036%
−$1.6
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$8.76
Costs to cover
0.080%
Break-even
80.0 days
Slippage unknown: Lighter: live order book, 4 min ago; Aster: live order book, 10 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 Lighter live order book, 4 min ago21.58 bp21.6 bp −$2273.2 bp −$732doesn't fitdoesn't fit
Sell Aster live order book, 10 min ago11.69 bp22.4 bp −$22doesn't fitdoesn'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
Injective SPX/USDC PERP+0.0033%1h0.4979−1.494%$9$4K5.5xas long as short
Lighter SPXlong+0.0096%1h0.5054long leg$116K$338K5x
Variational Omni SPX+0.0099%4h0.5041−0.273%$843K$1.3Mas long as short
Hyperliquid SPX+0.0100%1h0.5059+0.079%$10.0M$7.7M5xas long as short
Aster SPXUSDTshort+0.0100%4h0.5052−0.052%$128K$111K10x
Binance SPXUSDT+0.0100%4h0.5049−0.101%$5.1M$21.3M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5051−0.069%$11.5M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5053−0.030%$959K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5049−0.109%$1.0M$505K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5057+0.049%$11.2M$4.8M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTM+0.0100%4h0.5050−0.089%$3.7M$5.4M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5049−0.109%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5054−0.010%$6.8Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5092+0.742%$46K$246K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5055+0.010%$20K$59910xas long as short
SunX SPX-USDT+0.0100%4h0.5041−0.267%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5054−0.013%$33K$261K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5079+0.485%$256K$1.1M75xas long as short
Kraken Futures PF_SPXUSD+0.1183%1h0.5046−0.162%$245K$551K20xas long as short