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

SPX

all SPX markets
SwapBacktest
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 +0.009%
Price spread now: Aster against Bybit+0.012%7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$247as in the Price arb table
costs, in and out, $10k−$2332.334% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.062%+$6 on $10k
Price spread, last 4 days (all we have)+0.190%+$19 · spread now +0.012%, 7d avg +0.145%
Together, before fees+0.252%+ Points / potential airdropAster: Stage 5 · farm board+$25 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: Aster is 0.134% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.145%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SPXUSDT0.51140.0100pay 0.0050% / 4h3h 51m$11.8M$17.8M50x
ShortAster SPXUSDT0.51150.0100get 0.0050% / 4h3h 51m$137K$93K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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: +0.012% → +0.145%
−$13.37
Slippage, 4 orders
−$214.35
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$246.72
Costs to cover
2.334%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Aster: live order book, 44 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 Bybit live order book, 2 min ago2.94 bp17.5 bp −$1860.7 bp −$607doesn't fitdoesn't fit
Sell Aster live order book, 44 min ago17.62 bp27.0 bp −$27doesn'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
Gate SPX_USDT+0.0028%4h0.5107−0.137%$1.0M$642K50xas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−2.640%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5117+0.049%$141K$405K5xas long as short
Hyperliquid SPX+0.0100%1h0.5115+0.027%$10.3M$8.4M5xas long as short
Aster SPXUSDTshort+0.0100%4h0.5115+0.012%$137K$93K10x
Binance SPXUSDT+0.0100%4h0.5115+0.016%$5.1M$23.8M75xas long as short
Bybit SPXUSDTlong+0.0100%4h0.5114long leg$11.8M$17.8M50x
OKX SPX-USDT-SWAP+0.0100%4h0.5119+0.098%$978K$3.4M20xas long as short
MEXC SPX_USDT+0.0100%4h0.5118+0.078%$11.6M$5.0M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5116+0.039%$3.7M$5.5M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5130+0.313%$2.6M$1.5M50xas long as short
BingX SPX-USDT+0.0100%4h0.5118+0.078%$7.0Mas long as short
Variational Omni SPX+0.0100%4h0.5103−0.212%$952K$1.6Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5103−0.215%$26K$249K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5119+0.098%$20K$59910xas long as short
SunX SPX-USDT+0.0100%4h0.5109−0.098%$8K$1.8M20xas long as short
Extended SPX-USD+0.0104%1h0.5123+0.180%$33K$299K10xas long as short
BloFin SPX-USDT+0.0340%4h0.5115+0.020%$251K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1472%1h0.5128+0.274%$259K$553K20xas long as short