Funding arb · Price arb /

SPX

all SPX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against OKX+0.226%7-day average +0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$824as in the Price arb table

costs, in and out, $10k−$8318.312% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.226%, 7d avg +0.156%

Together, before fees−0.107%+ Points / potential airdropAster: Stage 5 · farm board−$11 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 0.071% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPX-USDT-SWAP	0.5010	0.0100	pay 0.0050% / 4h	2h 10m	$972K	$2.6M	20x
Short	Aster SPXUSDT	0.5021	0.0100	get 0.0050% / 4h	2h 10m	$124K	$97K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.226%Rate

Funding earned: $0
Price spread: +0.226% → +0.156%: $7.05
Slippage, 4 orders: −$813.15
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$824.1
Costs to cover: 8.312%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Aster: live order book, 11 min ago.

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 OKX live order book, 2 min ago	4.99 bp	49.9 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 11 min ago	15.86 bp	26.7 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
Kraken Futures PF_SPXUSD	−0.0414%	1h	0.5016	+0.113%	$232K	$560K	20x	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−0.619%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5017	+0.146%	$115K	$319K	5x	as long as short
Variational Omni SPX	+0.0100%	4h	0.5010	−0.002%	$874K	$1.3M	—	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5015	+0.096%	$9.8M	$7.2M	5x	as long as short
Aster SPXUSDTshort	+0.0100%	4h	0.5021	+0.226%	$124K	$97K	10x
Binance SPXUSDT	+0.0100%	4h	0.5012	+0.048%	$4.9M	$19.5M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5010	0.000%	$11.6M	$15.5M	50x	as long as short
OKX SPX-USDT-SWAPlong	+0.0100%	4h	0.5010	long leg	$972K	$2.6M	20x
Gate SPX_USDT	+0.0100%	4h	0.5016	+0.120%	$1.0M	$478K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5015	+0.100%	$11.5M	$4.6M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5018	+0.160%	$3.8M	$5.2M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5017	+0.140%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5011	+0.020%	—	$6.9M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5028	+0.359%	$45K	$248K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5022	+0.240%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5006	−0.080%	$8K	$1.6M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5013	+0.059%	$34K	$226K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5017	+0.140%	$251K	$911K	75x	as long as short