Funding you earn now, next payment 09:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.006%
Price spread now: Arcus against Aster−0.066%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$170.167% of the position
Funding, last 4 days (all we have)+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.066%, 7d avg −0.088%
=Together, before fees−0.077%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.021% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 773.11 | 0 | get 0.0000% / 8h | 7h 14m | $861K | $199K | 20x |
| Short | Arcus SPY-USD | 772.60 | 0.0040 | get 0.0005% / 1h | 14m 08s | $925K | $1.3M | 50x |
Aster SPYUSDT
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Aster. 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
- $8.46
- Price spread: −0.066% → −0.088%
- $2.14
- Slippage, 4 orders
- −$4.21
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$6.11
- Costs to cover
- 0.167%
- Break-even
- 12.1 days
Slippage from Aster: live order book, 19 min ago; Arcus: live order book, 5 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 Aster live order book, 19 min ago | 0.45 bp | 4.6 bp −$5 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 5 min ago | 0.06 bp | 4.2 bp −$4 | 7.8 bp −$78 | 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 | 773.53 | +0.054% | $416K | $410K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.56 | −0.072% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDTlong | 0.0000% | 8h | 773.11 | long leg | $861K | $199K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 773.66 | +0.071% | $28.5M | $75.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.60 | +0.063% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.62 | +0.066% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.35 | +0.031% | $792K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.66 | +0.071% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.60 | +0.063% | $11.0M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.09 | −0.002% | $165K | $340K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 774.76 | +0.213% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.39 | +0.036% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.87 | +0.098% | $56.8M | $120.4M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0035% | 1h | 773.48 | +0.047% | $23K | $55K | 20x | as long as short |
| Arcus SPY-USDshort | +0.0040% | 1h | 772.60 | −0.066% | $925K | $1.3M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.65 | −0.060% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0050% | 1h | 773.36 | +0.031% | $1.5M | $252K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.73 | −0.050% | $4.8M | $850K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.60 | −0.066% | $951K | $507K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 773.57 | +0.059% | $7.9M | $17.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.01 | −0.013% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.93 | −0.024% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.58 | +0.060% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.97 | −0.018% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.65 | +0.070% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.57 | +0.059% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0806% | 4h | 773.25 | +0.017% | $639K | $243K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC