Funding arb · Price arb /

SPX

all SPX markets

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 +0.004%

Price spread now: Aster against BingX+0.002%7-day average +0.072% · you sell dearer than you buy

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

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.002%, 7d avg +0.072%

Together, before fees−0.108%+ 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 0.070% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPX-USDT	0.5195	0.0100	pay 0.0050% / 4h	3h 22m	—	$7.0M	—
Short	Aster SPXUSDT	0.5195	0.0100	get 0.0050% / 4h	3h 22m	$139K	$93K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → +0.072%: −$6.97
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.97
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, just now; Aster: live order book, 9 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 BingX live order book, just now	4.82 bp	22.1 bp −$22	56.4 bp −$564	518.1 bp −$51.8K	1227.1 bp −$613.5K
Sell Aster live order book, 9 min ago	15.72 bp	28.3 bp −$28	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
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−4.158%	$9	$4K	5.5x	as long as short
Variational Omni SPX	+0.0044%	4h	0.5118	−1.492%	$943K	$1.6M	—	as long as short
Lighter SPX	+0.0096%	1h	0.5198	+0.052%	$143K	$406K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5204	+0.179%	$10.8M	$8.5M	5x	as long as short
Aster SPXUSDTshort	+0.0100%	4h	0.5195	+0.002%	$139K	$93K	10x
Binance SPXUSDT	+0.0100%	4h	0.5195	0.000%	$5.2M	$23.8M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5190	−0.096%	$11.9M	$17.8M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5193	−0.038%	$996K	$3.5M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5191	−0.077%	$1.1M	$652K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5194	−0.019%	$11.7M	$5.0M	100x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SPXUSDTM	+0.0100%	4h	0.5193	−0.038%	$3.7M	$5.5M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5191	−0.077%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDTlong	+0.0100%	4h	0.5195	long leg	—	$7.0M	—
ApeX Omni SPXUSDT	+0.0100%	1h	0.5138	−1.097%	$26K	$249K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5205	+0.192%	$21K	$540	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5189	−0.115%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5196	+0.023%	$47K	$307K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5196	+0.019%	$255K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1448%	1h	0.5214	+0.357%	$266K	$556K	20x	as long as short