Funding arb · Price arb /

SPX

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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 −0.009%

Price spread now: KuCoin against Aster−0.182%7-day average −0.071% · you buy dearer than you sell

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

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.022%−$2 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.182%, 7d avg −0.071%

Together, before fees+0.120%+ Points / potential airdropAster: Stage 5 · farm board+$12 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: KuCoin is 0.111% cheaper against Aster than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPXUSDT	0.5206	0.0100	pay 0.0050% / 4h	2h 17m	$140K	$95K	10x
Short	KuCoin SPXUSDTM	0.5197	0.0100	get 0.0050% / 4h	2h 17m	$3.7M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.182%Rate

Funding earned: $0
Price spread: −0.182% → −0.071%: −$11.09
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$31.09
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 32 min ago; KuCoin: live order book, 4 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, 32 min ago	24.87 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.88 bp	168.7 bp −$169	310.2 bp −$3,102	doesn't fit	doesn't fit

SPX on 19 exchanges

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	−4.369%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0063%	4h	0.5210	+0.076%	$982K	$1.6M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5207	+0.004%	$147K	$402K	5x	as long as short
Aster SPXUSDTlong	+0.0100%	4h	0.5206	long leg	$140K	$95K	10x
Binance SPXUSDT	+0.0100%	4h	0.5204	−0.056%	$5.4M	$23.9M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5192	−0.278%	$12.2M	$18.0M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5200	−0.124%	$1.0M	$3.6M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5198	−0.163%	$1.0M	$699K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5200	−0.124%	$11.2M	$5.1M	100x	as long as short
KuCoin SPXUSDTMshort	+0.0100%	4h	0.5197	−0.182%	$3.7M	$5.5M	50x

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5204	−0.047%	$2.7M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5201	−0.105%	—	$7.0M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5221	+0.279%	$27K	$248K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5193	−0.259%	$9K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5197	−0.184%	$45K	$320K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0148%	4h	0.5209	+0.049%	$21K	$511	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5207	+0.010%	$263K	$982K	75x	as long as short
Hyperliquid SPX	+0.0832%	1h	0.5211	+0.077%	$10.9M	$9.0M	5x	as long as short
Kraken Futures PF_SPXUSD	+0.2171%	1h	0.5215	+0.167%	$280K	$558K	20x	as long as short