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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against Aster−0.051%99s7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$7337.329% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.002%$0 on $10k
Price spread, last 3 days (all we have)+0.380%+$38 · spread now −0.051%, 7d avg +0.013%
Together, before fees+0.378%+ Points / potential airdropAster: Stage 5 · farm board+$38 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: ApeX Omni is 0.064% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SPXUSDT0.51070.0100pay 0.0050% / 4h3h 33m$129K$110K10x
ShortApeX Omni SPXUSDT0.51040.0100get 0.0013% / 1h33m 54s$46K$246K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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
Price spread: −0.051% → +0.013%
−$6.37
Slippage, 4 orders
−$714.89
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$739.26
Costs to cover
7.329%
Break-even
never at this rate
Slippage from Aster: live order book, 37 min ago; ApeX Omni: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 37 min ago14.83 bp673.8 bp −$674doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 38 min ago6.94 bp18.3 bp −$18109.0 bp −$1,090doesn'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%1h0.4979−2.499%$9$4K5.5xas long as short
Variational Omni SPX+0.0045%4h0.5114+0.149%$851K$1.3Mas long as short
Lighter SPX+0.0096%1h0.5114+0.147%$128K$314K5xas long as short
Hyperliquid SPX+0.0100%1h0.5113+0.125%$10.0M$7.8M5xas long as short
Aster SPXUSDTlong+0.0100%4h0.5107long leg$129K$110K10x
Binance SPXUSDT+0.0100%4h0.5111+0.087%$5.1M$21.3M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5104−0.051%$11.6M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5109+0.047%$969K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5103−0.071%$1.1M$512K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5110+0.066%$11.2M$4.7M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTM+0.0100%4h0.5107+0.008%$3.8M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5111+0.086%$2.7M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5110+0.066%$6.9Mas long as short
ApeX Omni SPXUSDTshort+0.0100%1h0.5104−0.051%$46K$246K25x
Orderly PERP_SPX_USDC+0.0100%4h0.5120+0.262%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5105−0.031%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5109+0.056%$33K$274K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5115+0.164%$252K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.0956%1h0.5121+0.286%$248K$555K20xas long as short