Funding arb · Price arb /

SPX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: BingX against Aster−0.104%7-day average −0.070% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.104%, 7d avg −0.070%

Together, before fees+0.015%+ Points / potential airdropAster: Stage 5 · farm board+$2 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: BingX is 0.034% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPXUSDT	0.5141	0.0100	pay 0.0050% / 4h	1h 34m	$137K	$93K	10x
Short	BingX SPX-USDT	0.5136	0.0100	get 0.0050% / 4h	1h 34m	—	$7.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee AsterbpFee BingXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.070%: −$3.39
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$21.39
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 7 min ago; BingX: live order book, 8 min ago. Net counts fees only.

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 Aster live order book, 7 min ago	14.51 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	8.74 bp	23.9 bp −$24	57.3 bp −$573	180.3 bp −$18.0K	958.6 bp −$479.3K

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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−3.157%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5143	+0.034%	$141K	$405K	5x	as long as short
Aster SPXUSDTlong	+0.0100%	4h	0.5141	long leg	$137K	$93K	10x
Binance SPXUSDT	+0.0100%	4h	0.5140	−0.026%	$5.2M	$23.7M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5139	−0.045%	$11.8M	$17.6M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5137	−0.084%	$972K	$3.4M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5137	−0.084%	$1.0M	$642K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5140	−0.026%	$11.9M	$5.3M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5135	−0.123%	$3.7M	$5.4M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5140	−0.026%	$2.6M	$1.5M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SPX-USDTshort	+0.0100%	4h	0.5136	−0.104%	—	$7.0M	—
Variational Omni SPX	+0.0100%	4h	0.5133	−0.160%	$957K	$1.5M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5157	+0.305%	$26K	$254K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5130	−0.221%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5134	−0.137%	$34K	$240K	10x	as long as short
Hyperliquid SPX	+0.0168%	1h	0.5142	+0.009%	$10.4M	$8.3M	5x	as long as short
Orderly PERP_SPX_USDC	+0.0180%	4h	0.5144	+0.052%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5151	+0.188%	$258K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1608%	1h	0.5149	+0.158%	$254K	$555K	20x	as long as short