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

SPX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Aster+0.141%7-day average −0.113% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$736as in the Price arb table
costs, in and out, $10k−$7617.610% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.141%, 7d avg −0.113%
Together, before fees−0.209%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$21 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: Extended is 0.254% dearer against Aster than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.113%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SPXUSDT0.50930.0100pay 0.0050% / 4h1m 14s$129K$110K10x
ShortExtended SPX-USD0.51010.0104get 0.0013% / 1h1m 14s$35K$228K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.141% → −0.113%
$25.36
Slippage, 4 orders
−$748.03
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$734.84
Costs to cover
7.610%
Break-even
6130.6 days
Slippage from Aster: live order book, 10 min ago; Extended: live order book, 11 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, 10 min ago14.83 bp673.8 bp −$674doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 11 min ago4.06 bp32.5 bp −$32215.3 bp −$2,153doesn'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
Kraken Futures PF_SPXUSD−0.1166%1h0.5110+0.325%$243K$554K20xas long as short
Variational Omni SPX+0.0017%4h0.5082−0.217%$844K$1.3Mas long as short
Injective SPX/USDC PERP+0.0033%1h0.4979−2.245%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5096+0.052%$128K$331K5xas long as short
Hyperliquid SPX+0.0100%1h0.5095+0.036%$10.0M$7.8M5xas long as short
Aster SPXUSDTlong+0.0100%4h0.5093long leg$129K$110K10x
Binance SPXUSDT+0.0100%4h0.5097+0.068%$5.0M$21.1M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5092−0.027%$11.6M$16.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5099+0.111%$968K$2.8M20xas long as short
Gate SPX_USDT+0.0100%4h0.5095+0.032%$1.1M$509K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPX_USDT+0.0100%4h0.5094+0.013%$11.2M$4.7M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5096+0.052%$3.8M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5099+0.111%$2.7M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5095+0.032%$6.9Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5089−0.085%$46K$246K25xas long as short
Orderly PERP_SPX_USDC+0.0100%4h0.5105+0.229%$20K$71110xas long as short
SunX SPX-USDT+0.0100%4h0.5084−0.184%$8K$1.7M20xas long as short
Extended SPX-USDshort+0.0104%1h0.5101+0.141%$35K$228K10x
BloFin SPX-USDT+0.0340%4h0.5099+0.111%$249K$1.0M75xas long as short