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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0146%/8h= +16.0% APRnext payment +$0.73 per $10,000 · paid last 24h +0.059%
Price spread now: Aster against Variational Omni+0.414%7-day average +0.162% · 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)+0.178%+$18 on $10k
Price spread, last 4 days (all we have)−0.783%−$78 · spread now +0.414%, 7d avg +0.162%
Together, before fees−0.605%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$61 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.252% dearer against Variational Omni than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.162%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SPX0.51680.0100pay 0.0050% / 4h3h 34m$964K$1.5M
ShortAster SPXUSDT0.51890.0246get 0.0123% / 4h3h 34m$138K$129K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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
$30.63
Price spread: +0.414% → +0.162%
$25.23
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
$47.86
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Aster: live order book, 17 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 Variational Omni RFQ quote, 5 min ago4.87 bpdoesn't fit88.6 bp −$886doesn't fitdoesn't fit
Sell Aster live order book, 17 min ago7.73 bp31.9 bp −$32doesn'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%1h0.4979−3.650%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5176+0.167%$141K$359K5xas long as short
Binance SPXUSDT+0.0100%4h0.5177+0.188%$5.2M$22.1M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5169+0.027%$11.8M$16.9M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5160−0.147%$942K$3.1M20xas long as short
Gate SPX_USDT+0.0100%4h0.5179+0.221%$1.0M$583K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5172+0.085%$11.9M$5.0M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5178+0.201%$3.7M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5172+0.085%$2.7M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5171+0.066%$6.9Mas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SPXlong+0.0100%4h0.5168long leg$964K$1.5M
ApeX Omni SPXUSDT+0.0100%1h0.5201+0.646%$26K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5162−0.108%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5164−0.070%$36K$250K10xas long as short
Orderly PERP_SPX_USDC+0.0210%4h0.5180+0.240%$21K$59910xas long as short
Aster SPXUSDTshort+0.0246%4h0.5189+0.414%$138K$129K10x
Hyperliquid SPX+0.0320%1h0.5169+0.021%$10.5M$7.8M5xas long as short
BloFin SPX-USDT+0.0340%4h0.5172+0.085%$256K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1214%1h0.5181+0.257%$253K$558K20xas long as short