Funding arb · Price arb /

SPX

all SPX markets

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 OKX+0.291%7-day average +0.142% · 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−$117as in the Price arb table

costs, in and out, $10k−$1321.323% of the position

Long on OKX 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)−0.160%−$16 · spread now +0.291%, 7d avg +0.142%

Together, before fees−0.156%+ Points / potential airdropAster: Stage 5 · farm board−$16 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 0.148% dearer against OKX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPX-USDT-SWAP	0.5109	0.0100	pay 0.0050% / 4h	2h 54m	$932K	$3.1M	20x
Short	Aster SPXUSDT	0.5124	0.0100	get 0.0050% / 4h	2h 54m	$137K	$130K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.291%Rate

Funding earned: $0
Price spread: +0.291% → +0.142%: $14.84
Slippage, 4 orders: −$114.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$117.44
Costs to cover: 1.323%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Aster: live order book, 57 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 OKX live order book, 3 min ago	4.85 bp	34.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 57 min ago	7.73 bp	31.9 bp −$32	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	−2.545%	$9	$4K	5.5x	as long as short
Lighter SPX	+0.0096%	1h	0.5127	+0.350%	$140K	$380K	5x	as long as short
Hyperliquid SPX	+0.0100%	1h	0.5122	+0.251%	$10.4M	$7.9M	5x	as long as short
Aster SPXUSDTshort	+0.0100%	4h	0.5124	+0.291%	$137K	$130K	10x
Binance SPXUSDT	+0.0100%	4h	0.5121	+0.236%	$5.1M	$22.4M	75x	as long as short
Bybit SPXUSDT	+0.0100%	4h	0.5116	+0.137%	$11.6M	$17.1M	50x	as long as short
OKX SPX-USDT-SWAPlong	+0.0100%	4h	0.5109	long leg	$932K	$3.1M	20x
Gate SPX_USDT	+0.0100%	4h	0.5125	+0.313%	$1.0M	$595K	50x	as long as short
MEXC SPX_USDT	+0.0100%	4h	0.5121	+0.235%	$11.9M	$5.1M	100x	as long as short
KuCoin SPXUSDTM	+0.0100%	4h	0.5121	+0.235%	$3.7M	$5.4M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPXUSDT	+0.0100%	4h	0.5123	+0.274%	$2.7M	$1.5M	50x	as long as short
BingX SPX-USDT	+0.0100%	4h	0.5124	+0.294%	—	$6.9M	—	as long as short
Variational Omni SPX	+0.0100%	4h	0.5127	+0.345%	$945K	$1.5M	—	as long as short
SunX SPX-USDT	+0.0100%	4h	0.5113	+0.078%	$8K	$1.7M	20x	as long as short
Extended SPX-USD	+0.0104%	1h	0.5117	+0.149%	$34K	$252K	10x	as long as short
Orderly PERP_SPX_USDC	+0.0200%	4h	0.5128	+0.372%	$20K	$599	10x	as long as short
BloFin SPX-USDT	+0.0340%	4h	0.5126	+0.333%	$255K	$1.0M	75x	as long as short
Kraken Futures PF_SPXUSD	+0.1434%	1h	0.5127	+0.353%	$250K	$546K	20x	as long as short
ApeX Omni SPXUSDT	+0.2348%	1h	0.5163	+1.057%	$26K	$254K	25x	as long as short