Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: OKX against Aster−0.370%7-day average −0.140% · you buy dearer than you sell

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

Long on Aster Short on OKX

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)+0.245%+$25 · spread now −0.370%, 7d avg −0.140%

Together, before fees+0.241%+ Points / potential airdropAster: Stage 5 · farm board+$24 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: OKX is 0.231% cheaper against Aster than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.140%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPXUSDT	0.5401	0.0100	pay 0.0050% / 4h	3h 00m	$144K	$94K	10x
Short	OKX SPX-USDT-SWAP	0.5381	0.0100	get 0.0050% / 4h	3h 00m	$1.0M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.370%Rate

Funding earned: $0
Price spread: −0.370% → −0.140%: −$23.08
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$41.08
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 31 min ago; OKX: live order book, 2 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, 31 min ago	15.72 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.80 bp	27.2 bp −$27	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	−7.813%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0066%	4h	0.5382	−0.352%	$993K	$1.6M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5396	−0.083%	$148K	$406K	5x	as long as short
Aster SPXUSDTlong	+0.0100%	4h	0.5401	long leg	$144K	$94K	10x
Binance SPXUSDT	+0.0100%	4h	0.5396	−0.087%	$5.5M	$24.0M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5379	−0.407%	$12.6M	$18.1M	50x	as long as short
OKX SPX-USDT-SWAPshort	+0.0100%	4h	0.5381	−0.370%	$1.0M	$3.7M	20x
Gate SPX_USDT	+0.0100%	4h	0.5394	−0.130%	$1.1M	$680K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5390	−0.204%	$11.8M	$5.1M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5395	−0.111%	$3.9M	$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	0.5395	−0.111%	$2.8M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5379	−0.407%	—	$7.0M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5267	−2.481%	$27K	$249K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5381	−0.370%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5393	−0.139%	$46K	$317K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0144%	4h	0.5407	+0.111%	$21K	$540	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5389	−0.222%	$259K	$1.0M	75x	as long as short
Hyperliquid SPX	+0.0475%	1h	0.5397	−0.065%	$11.3M	$9.1M	5x	as long as short
Kraken Futures PF_SPXUSD	+0.1398%	1h	0.5400	−0.014%	$276K	$553K	20x	as long as short