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 −0.005%

Price spread now: Gate against Aster+0.007%7-day average −0.074% · you sell dearer than you buy

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

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.007%, 7d avg −0.074%

Together, before fees−0.105%+ Points / potential airdropAster: Stage 5 · farm board−$10 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: Gate is 0.081% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPXUSDT	0.5157	0.0100	pay 0.0050% / 4h	42m 01s	$138K	$93K	10x
Short	Gate SPX_USDT	0.5157	0.0100	get 0.0050% / 4h	42m 01s	$1.0M	$655K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.074%: $8.08
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$14.92
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 59 min ago; Gate: live order book, 5 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, 59 min ago	14.51 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	8.71 bp	88.1 bp −$88	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−3.445%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5161	+0.085%	$141K	$405K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5158	+0.029%	$10.4M	$8.3M	5x	as long as short
Aster SPXUSDTlong	+0.0100%	4h	0.5157	long leg	$138K	$93K	10x
Binance SPXUSDT	+0.0100%	4h	0.5157	−0.001%	$5.2M	$23.7M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5153	−0.070%	$11.9M	$17.8M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5152	−0.090%	$975K	$3.4M	20x	as long as short
Gate SPX_USDTshort	+0.0100%	4h	0.5157	+0.007%	$1.0M	$655K	50x
MEXC SPX_USDT	+0.0100%	4h	0.5158	+0.027%	$11.9M	$5.1M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5155	−0.032%	$3.7M	$5.5M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5163	+0.124%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5158	+0.027%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5164	+0.143%	$1.0M	$1.6M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5168	+0.221%	$26K	$248K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5150	−0.129%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5152	−0.097%	$33K	$244K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0163%	4h	0.5164	+0.143%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5154	−0.051%	$255K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1253%	1h	0.5176	+0.374%	$257K	$553K	20x	as long as short