Funding arb · Price arb /

SPX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Aster against Bitget−0.034%7-day average +0.022% · you buy dearer than you sell

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

Long on Bitget 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)+0.089%+$9 · spread now −0.034%, 7d avg +0.022%

Together, before fees+0.094%+ Points / potential airdropAster: Stage 5 · farm board+$9 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 0.055% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPXUSDT	0.5175	0.0100	pay 0.0050% / 4h	45m 32s	$2.7M	$1.5M	50x
Short	Aster SPXUSDT	0.5173	0.0100	get 0.0050% / 4h	45m 32s	$138K	$93K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → +0.022%: −$5.55
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.55
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Aster: live order book, 56 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 Bitget live order book, 2 min ago	7.72 bp	26.9 bp −$27	75.2 bp −$752	doesn't fit	doesn't fit
Sell Aster live order book, 56 min ago	14.51 bp	29.6 bp −$30	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	−3.787%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5174	−0.017%	$141K	$405K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5172	−0.050%	$10.5M	$8.3M	5x	as long as short
Aster SPXUSDTshort	+0.0100%	4h	0.5173	−0.034%	$138K	$93K	10x
Binance SPXUSDT	+0.0100%	4h	0.5165	−0.184%	$5.2M	$23.7M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5167	−0.155%	$11.9M	$17.8M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5167	−0.155%	$978K	$3.4M	20x	as long as short
Gate SPX_USDT	+0.0100%	4h	0.5169	−0.116%	$1.0M	$653K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5169	−0.116%	$11.9M	$5.1M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5170	−0.097%	$3.7M	$5.5M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDTlong	+0.0100%	4h	0.5175	long leg	$2.7M	$1.5M	50x
BingX SPX-USDT	+0.0100%	4h	0.5173	−0.039%	—	$7.0M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5164	−0.213%	$1.0M	$1.6M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5157	−0.348%	$26K	$253K	25x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5158	−0.329%	$8K	$1.8M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5170	−0.095%	$34K	$244K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0167%	4h	0.5174	−0.019%	$21K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5183	+0.155%	$197K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1253%	1h	0.5175	−0.001%	$257K	$553K	20x	as long as short