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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Aster−0.333%112s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$7367.361% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.356%+$36 on $10k
Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.333%, 7d avg +0.003%
Together, before fees+0.523%+ Points / potential airdropAster: Stage 5 · farm board+$52 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.337% cheaper against Aster than usual: you would sell low and buy high (spread −0.333% now, against its 7-day average of +0.003%). If the spread goes back, that is −$34 on $10k: about 4.7 days of funding at the current rate (+$7 a day). The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SPXUSDT0.51330.0100pay 0.0050% / 4h3h 07m$130K$110K10x
ShortBloFin SPX-USDT0.51160.0340get 0.0170% / 4h3h 07m$253K$1.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$50.4
Price spread: −0.333% → +0.003%
−$33.67
Slippage, 4 orders
−$716.11
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$719.38
Costs to cover
7.361%
Break-even
106.9 days
Slippage from Aster: live order book, 64 min ago; BloFin: live order book, 5 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 Aster live order book, 64 min ago14.83 bp673.8 bp −$674doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago2.94 bp16.5 bp −$1745.6 bp −$456doesn'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
Variational Omni SPX+0.0022%4h0.5086−0.915%$851K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−3.002%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5139+0.113%$118K$324K5xas long as short
Hyperliquid SPX+0.0100%1h0.5138+0.095%$10.1M$7.6M5xas long as short
Aster SPXUSDTlong+0.0100%4h0.5133long leg$130K$110K10x
Binance SPXUSDT+0.0100%4h0.5130−0.061%$5.1M$21.1M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5125−0.158%$11.6M$16.0M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5128−0.100%$970K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5130−0.061%$1.1M$521K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5132−0.022%$11.3M$4.8M100xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SPXUSDTM+0.0100%4h0.5130−0.061%$3.8M$5.4M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5132−0.022%$2.7M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5136+0.056%$6.8Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5119−0.275%$46K$246K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5136+0.056%$20K$59910xas long as short
SunX SPX-USDT+0.0100%4h0.5123−0.197%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5132−0.015%$33K$264K10xas long as short
BloFin SPX-USDTshort+0.0340%4h0.5116−0.333%$253K$1.1M75x
Kraken Futures PF_SPXUSD+0.0953%1h0.5138+0.094%$249K$550K20xas long as short