SPX

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+3.193%

7d average—if it closes, per $10,000$319funding while held, a day+$2.03

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SPX/USDC PERP	0.4979	0.0033	pay 0.0004% / 1h	13m 57s	$9	$4K	5.5x
Short	Aster SPXUSDT	0.5138	0.0101	get 0.0050% / 4h	1h 13m	$134K	$82K	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee InjectivebpFee AsterbpOrdersClose when spread is

Spread captured: $319.34
Funding while held: $2.03
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $313.35
Spread needed to break even: 0.080%

Slippage unknown: Injective: no order-book sample; Aster: live order book, 19 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0068%
Per $10,000 a day: +$2.03
Average in range /8h: —

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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 19 min ago	13.73 bp	36.9 bp −$37	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPX price on every exchange

against the cheapest. Click to use as the short leg.

Injective0.4979cheapest

ApeX Omni0.5114+2.711%SunX0.5123+2.892%Bybit0.5125+2.932%BloFin0.5126+2.952%OKX0.5128+2.993%BingX0.5128+2.993%KuCoin0.5129+3.013%Gate0.5130+3.033%MEXC0.5130+3.033%Binance0.5131+3.056%Extended0.5131+3.060%Variational Omni0.5132+3.077%Bitget0.5135+3.133%Lighter0.5137+3.175%

Aster0.5138+3.193%

Hyperliquid0.5138+3.195%Kraken Futures0.5142+3.271%Orderly0.5142+3.274%

SPX on 19 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective SPX/USDC PERPlong	0.000%	+0.0033%	1h	$9	$4K	5.5x
ApeX Omni SPXUSDT	+2.711%	+0.0100%	1h	$46K	$245K	25x	as long as short
SunX SPX-USDT	+2.892%	+0.0100%	4h	$8K	$1.5M	20x	as long as short
Bybit SPXUSDT	+2.932%	+0.0100%	4h	$11.7M	$14.8M	50x	as long as short
BloFin SPX-USDT	+2.952%	+0.0340%	4h	$263K	$979K	75x	as long as short
OKX SPX-USDT-SWAP	+2.993%	+0.0100%	4h	$1.0M	$2.5M	20x	as long as short
BingX SPX-USDT	+2.993%	+0.0100%	4h	—	$6.8M	—	as long as short
KuCoin SPXUSDTM	+3.013%	+0.0100%	4h	$3.8M	$5.1M	50x	as long as short
Gate SPX_USDT	+3.033%	+0.0100%	4h	$1.1M	$458K	50x	as long as short
MEXC SPX_USDT	+3.033%	+0.0100%	4h	$10.8M	$4.5M	100x	as long as short

Show all 19 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Binance SPXUSDT	+3.056%	+0.0100%	4h	$5.2M	$18.2M	75x	as long as short
Extended SPX-USD	+3.060%	+0.0104%	1h	$35K	$227K	10x	as long as short
Variational Omni SPX	+3.077%	−0.0079%	4h	$858K	$1.2M	—	as long as short
Bitget SPXUSDT	+3.133%	+0.0100%	4h	$2.6M	$1.3M	50x	as long as short
Lighter SPX	+3.175%	+0.0096%	1h	$118K	$299K	5x	as long as short
Aster SPXUSDTshort	+3.193%	+0.0101%	4h	$134K	$82K	10x
Hyperliquid SPX	+3.195%	+0.1017%	1h	$10.3M	$6.5M	5x	as long as short
Kraken Futures PF_SPXUSD	+3.271%	+0.0934%	1h	$244K	$369K	20x	as long as short
Orderly PERP_SPX_USDC	+3.274%	+0.0100%	4h	$20K	$200	10x	as long as short