Funding arb · Price arb /

SPX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Aster against Gate+0.013%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$832as in the Price arb table

costs, in and out, $10k−$8268.256% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.013%, 7d avg +0.074%

Together, before fees−0.009%+ Points / potential airdropAster: Stage 5 · farm board−$1 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 0.061% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPX_USDT	0.5078	0.0100	pay 0.0050% / 4h	3m 38s	$1.0M	$507K	50x
Short	Aster SPXUSDT	0.5079	0.0100	get 0.0050% / 4h	3m 38s	$128K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.074%: −$6.08
Slippage, 4 orders: −$802.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$831.69
Costs to cover: 8.256%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Aster: live order book, 7 min ago.

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 Gate live order book, 3 min ago	6.93 bp	58.4 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 7 min ago	14.83 bp	25.7 bp −$26	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
Kraken Futures PF_SPXUSD	−0.1173%	1h	0.5082	+0.078%	$241K	$555K	20x	as long as short
Variational Omni SPX	+0.0017%	4h	0.5042	−0.703%	$837K	$1.3M	—	as long as short
Injective SPX/USDC PERP	+0.0033%	1h	0.4979	−1.950%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5079	+0.012%	$125K	$329K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5076	−0.039%	$9.9M	$7.7M	5x	as long as short
Aster SPXUSDTshort	+0.0100%	4h	0.5079	+0.013%	$128K	$110K	10x
Binance SPXUSDT	+0.0100%	4h	0.5079	+0.012%	$5.0M	$21.1M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5078	0.000%	$11.6M	$16.1M	50x	as long as short
OKX SPX-USDT-SWAP	+0.0100%	4h	0.5079	+0.020%	$964K	$2.8M	20x	as long as short
Gate SPX_USDTlong	+0.0100%	4h	0.5078	long leg	$1.0M	$507K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPX_USDT	+0.0100%	4h	0.5080	+0.039%	$11.2M	$4.7M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5080	+0.039%	$3.7M	$5.3M	50x	as long as short
Bitget SPXUSDT	+0.0100%	4h	0.5080	+0.039%	$2.6M	$1.4M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5081	+0.059%	—	$6.8M	—	as long as short
ApeX Omni SPXUSDT	+0.0100%	1h	0.5054	−0.473%	$45K	$245K	25x	as long as short
Orderly PERP_SPX_USDC	+0.0100%	4h	0.5080	+0.039%	$20K	$711	10x	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5066	−0.236%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5084	+0.109%	$35K	$228K	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5060	−0.354%	$247K	$996K	75x	as long as short