Settings8H · net · $10k
Funding arb · Price arb /

SPX

all SPX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0076%/8h= +8.4% APRnext payment +$0.38 per $10,000 · paid last 24h +0.061%
Price spread now: Aster against Variational Omni−0.047%7-day average +0.164% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.174%+$17 on $10k
Price spread, last 4 days (all we have)−0.511%−$51 · spread now −0.047%, 7d avg +0.164%
Together, before fees−0.338%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.211% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.164%). If the spread goes back, that is −$21 on $10k: about 9.2 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.174% in total) that is about 4.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SPX0.50560.0100pay 0.0050% / 4h3h 59m$852K$1.4M
ShortAster SPXUSDT0.50530.0176get 0.0088% / 4h3h 59m$135K$122K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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

Funding earned
$16.02
Price spread: −0.047% → +0.164%
−$21.07
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$13.05
Costs to cover
0.080%
Break-even
12.7 days
Slippage unknown: Variational Omni: RFQ quote, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 4 min ago5.00 bpdoesn't fit62.9 bp −$629doesn't fitdoesn't fit
Sell Aster live order book, 56 min ago9.97 bp28.9 bp −$29doesn't fitdoesn't fitdoesn't fit

SPX on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SPX/USDC PERP+0.0033%1h0.4979−1.515%$9$4K5.5xas long as short
Lighter SPX+0.0096%1h0.5060+0.087%$136K$357K5xas long as short
Binance SPXUSDT+0.0100%4h0.5057+0.027%$5.1M$21.6M75xas long as short
Bybit SPXUSDT+0.0100%4h0.5053−0.052%$11.4M$16.4M50xas long as short
OKX SPX-USDT-SWAP+0.0100%4h0.5055−0.012%$934K$2.9M20xas long as short
Gate SPX_USDT+0.0100%4h0.5057+0.027%$1.0M$568K50xas long as short
MEXC SPX_USDT+0.0100%4h0.5056+0.008%$11.7M$4.9M100xas long as short
KuCoin SPXUSDTM+0.0100%4h0.5059+0.067%$3.7M$5.3M50xas long as short
Bitget SPXUSDT+0.0100%4h0.5062+0.126%$2.6M$1.4M50xas long as short
BingX SPX-USDT+0.0100%4h0.5056+0.008%$6.9Mas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SPXlong+0.0100%4h0.5056long leg$852K$1.4M
ApeX Omni SPXUSDT+0.0100%1h0.5037−0.368%$26K$254K25xas long as short
SunX SPX-USDT+0.0100%4h0.5048−0.151%$8K$1.7M20xas long as short
Extended SPX-USD+0.0104%1h0.5060+0.079%$33K$241K10xas long as short
Aster SPXUSDTshort+0.0176%4h0.5053−0.047%$135K$122K10x
Orderly PERP_SPX_USDC+0.0194%4h0.5061+0.107%$20K$59910xas long as short
Hyperliquid SPX+0.0252%1h0.5064+0.172%$10.2M$7.6M5xas long as short
BloFin SPX-USDT+0.0340%4h0.5064+0.166%$250K$1.0M75xas long as short
Kraken Futures PF_SPXUSD+0.1275%1h0.5063+0.146%$247K$550K20xas long as short