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

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%
Price spread now: Lighter against Aster+0.037%7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.008%+$1 on $10k
Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.037%, 7d avg +0.031%
Together, before fees−0.012%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SPXUSDT0.52030.0100pay 0.0050% / 4h2h 20m$140K$95K10x
ShortLighter SPX0.52050.0096get 0.0012% / 1h20m 18s$147K$402K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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: +0.037% → +0.031%
$0.61
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$8.23
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 28 min ago; Lighter: live order book, 26 min ago. Net counts fees only.

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, 28 min ago24.87 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 26 min ago26.02 bp26.4 bp −$2679.5 bp −$795doesn't fitdoesn't fit

SPX on 19 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SPX/USDC PERP+0.0033%1h0.4979−4.301%$9$4K5.5xas long as short
Variational Omni SPX+0.0063%4h0.5210+0.148%$982K$1.6Mas long as short
Lighter SPXshort+0.0096%1h0.5205+0.037%$147K$402K5x
Aster SPXUSDTlong+0.0100%4h0.5203long leg$140K$95K10x
Binance SPXUSDT+0.0100%4h0.5199−0.072%$5.4M$24.0M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5192−0.207%$12.2M$18.1M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5192−0.207%$1.0M$3.6M20xas long as short
Gate SPX_USDT+0.0100%4h0.5194−0.168%$1.1M$650K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5198−0.091%$11.3M$5.1M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5195−0.149%$3.7M$5.5M50xas long as short
Show all 19 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPXUSDT+0.0100%4h0.5201−0.034%$2.7M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5197−0.111%$7.0Mas long as short
ApeX Omni SPXUSDT+0.0100%1h0.5232+0.562%$27K$248K25xas long as short
SunX SPX-USDT+0.0100%4h0.5190−0.245%$8K$1.8M20xas long as short
Extended SPX-USD+0.0104%1h0.5192−0.208%$45K$320K10xas long as short
Orderly PERP_SPX_USDC+0.0163%4h0.5206+0.062%$21K$51110xas long as short
BloFin SPX-USDT+0.0340%4h0.5216+0.255%$263K$985K75xas long as short
Hyperliquid SPX+0.0836%1h0.5221+0.347%$10.9M$9.0M5xas long as short
Kraken Futures PF_SPXUSD+0.2174%1h0.5207+0.078%$280K$558K20xas long as short