Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against OKX−0.572%7-day average +0.153% · 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−$853as in the Price arb table

costs, in and out, $10k−$7817.810% of the position

Long on OKX 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)+0.719%+$72 · spread now −0.572%, 7d avg +0.153%

Together, before fees+0.720%+ Points / potential airdropAster: Stage 5 · farm board+$72 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 0.725% cheaper against OKX than usual: you would sell low and buy high, −$73 on $10k if it goes back to its 7-day average of +0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPX-USDT-SWAP	0.5102	0.0100	pay 0.0050% / 4h	3h 43m	$969K	$2.8M	20x
Short	Aster SPXUSDT	0.5073	0.0100	get 0.0050% / 4h	3h 43m	$128K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.572%Rate

Funding earned: $0
Price spread: −0.572% → +0.153%: −$72.51
Slippage, 4 orders: −$762.97
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$853.48
Costs to cover: 7.810%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Aster: live order book, 28 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 OKX live order book, 4 min ago	1.97 bp	42.2 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 28 min ago	14.83 bp	25.7 bp −$26	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
Variational Omni SPX	+0.0033%	4h	0.5072	−0.594%	$839K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−2.411%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5093	−0.167%	$127K	$314K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5107	+0.100%	$10.0M	$7.9M	5x	as long as short
Aster SPXUSDTshort	+0.0100%	4h	0.5073	−0.572%	$128K	$110K	10x
Binance SPXUSDT	+0.0100%	4h	0.5096	−0.120%	$5.0M	$21.2M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5092	−0.196%	$11.6M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAPlong	+0.0100%	4h	0.5102	long leg	$969K	$2.8M	20x
Gate SPX_USDT	+0.0100%	4h	0.5086	−0.314%	$1.1M	$509K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5099	−0.059%	$11.2M	$4.7M	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	0.5090	−0.235%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5092	−0.196%	$2.6M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5094	−0.157%	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5084	−0.353%	$46K	$246K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5099	−0.059%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5066	−0.706%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5095	−0.129%	$33K	$270K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5081	−0.412%	$250K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.0963%	1h	0.5086	−0.309%	$247K	$556K	20x	as long as short