Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h −0.024%
Price spread now: Bitget against Aster+0.001%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.001%, 7d avg +0.002%
=Together, before fees−0.114%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 774.30 | 0 | get 0.0000% / 8h | 55m 06s | $863K | $204K | 20x |
| Short | Bitget SPYUSDT | 774.31 | 0.0018 | get 0.0018% / 8h | 55m 06s | $11.0M | $2.6M | 50x |
Aster SPYUSDT
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $3.78
- Price spread: +0.001% → +0.002%
- −$0.07
- Slippage, 4 orders
- −$3.69
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$19.98
- Costs to cover
- 0.237%
- Break-even
- 44.0 days
Slippage from Aster: live order book, 23 min ago; Bitget: live order book, 3 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, 23 min ago | 0.45 bp | 5.2 bp −$5 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.06 bp | 6.8 bp −$7 | 9.4 bp −$94 | 19.3 bp −$1,925 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.27 | −0.133% | $939K | $1.4M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.41 | +0.014% | $370K | $726K | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.71 | −0.076% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDTlong | 0.0000% | 8h | 774.30 | long leg | $863K | $204K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.39 | +0.012% | $28.6M | $83.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.30 | 0.000% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.43 | +0.017% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.88 | −0.054% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.38 | +0.010% | $27.3M | $11.5M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.59 | +0.037% | $157K | $419K | 10x | as long as short |
Arcus SPY-USD
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
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 | 775.45 | +0.149% | $2K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.99 | −0.040% | $23K | $67K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.68 | +0.049% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDTshort | +0.0018% | 8h | 774.31 | +0.001% | $11.0M | $2.6M | 50x | |
| Lighter SPY | +0.0032% | 1h | 774.11 | −0.025% | $8.5M | $21.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.55 | +0.032% | $57.0M | $116.8M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.150% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.096% | $955K | $584K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.102% | $4.8M | $911K | 20x | as long as short |
| Nado SPY-PERP | +0.0096% | 1h | 773.89 | −0.053% | $1.5M | $303K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.87 | −0.056% | $2.5M | $976K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.79 | −0.066% | $158K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | +0.010% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.85 | −0.058% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.52 | +0.029% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0118% | 4h | 774.21 | −0.011% | $640K | $240K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.40 | +0.014% | $10K | — | 26x | as long as short |
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]