Funding you earn now, next payment 05:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.037%
Price spread now: Aster against Arcus+0.090%7-day average +0.088% · 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−$24as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 4 days (all we have)−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.090%, 7d avg +0.088%
=Together, before fees+0.012%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SPY-USD | 773.47 | 0.0040 | pay 0.0005% / 1h | 54m 59s | $935K | $1.4M | 50x |
| Short | Aster SPYUSDT | 774.16 | 0.0034 | get 0.0034% / 8h | 3h 54m | $865K | $196K | 20x |
Arcus SPY-USD
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.36
- Price spread: +0.090% → +0.088%
- $0.16
- Slippage, 4 orders
- −$11.93
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$25.63
- Costs to cover
- 0.244%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 min ago; Aster: live order book, 63 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 Arcus live order book, 4 min ago | 0.06 bp | 2.8 bp −$3 | 4.3 bp −$43 | doesn't fit | doesn't fit |
| Sell Aster live order book, 63 min ago | 0.84 bp | 8.4 bp −$8 | 11.7 bp −$117 | doesn't fit | doesn't fit |
SPY on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0120% | 8h | 774.15 | +0.088% | $417K | $468K | 50x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.13 | +0.086% | $28.1M | $79.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.15 | +0.088% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.13 | +0.085% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.79 | +0.041% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.12 | +0.084% | $27.5M | $12.0M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.25 | +0.101% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.34 | +0.112% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.56 | +0.012% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.16 | +0.218% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 773.92 | +0.058% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDTshort | +0.0034% | 8h | 774.16 | +0.090% | $865K | $196K | 20x | |
| Arcus SPY-USDlong | +0.0040% | 1h | 773.47 | long leg | $935K | $1.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.01 | −0.059% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.33 | −0.018% | $4.8M | $827K | 20x | as long as short |
| Lighter RH SPY | +0.0056% | 1h | 774.48 | +0.131% | $56.4M | $113.7M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.075% | $954K | $552K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0061% | 1h | 773.16 | −0.040% | $162K | $24K | 50x | as long as short |
| Nado SPY-PERP | +0.0072% | 1h | 773.81 | +0.044% | $1.5M | $282K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0086% | 1h | 773.94 | +0.061% | $23K | $56K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.48 | +0.001% | $2.5M | $970K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.11 | +0.083% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.26 | +0.103% | $7.0M | $5.0M | 25x | as long as short |
| Lighter SPY | +0.0104% | 1h | 774.20 | +0.094% | $8.2M | $19.1M | 50x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.55 | +0.011% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.13 | +0.086% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0218% | 4h | 774.00 | +0.068% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
ApeX Omni SPYUSDT
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Lighter SPY
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC