Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.039%
Price spread now: BloFin against Aster+0.014%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.014%, 7d avg −0.001%
=Together, before fees−0.288%+ Points / potential airdropAster: Stage 5 · farm board−$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$4 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 | 774.07 | 0 | get 0.0000% / 8h | 2h 53m | $864K | $194K | 20x |
| Short | BloFin SPY-USDT | 774.18 | −0.0120 | pay 0.0120% / 8h | 2h 53m | $417K | $471K | 50x |
Aster SPYUSDT
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$25.2
- Price spread: +0.014% → −0.001%
- $1.56
- Slippage, 4 orders
- −$1.85
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$45.49
- Costs to cover
- 0.219%
- Break-even
- never at this rate
Slippage from Aster: live order book, 60 min ago; BloFin: live order book, 38 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, 60 min ago | 0.39 bp | 5.1 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 38 min ago | 0.06 bp | 6.2 bp −$6 | 6.2 bp −$62 | 8.5 bp −$846 | 15.9 bp −$7,944 |
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-USDTshort | −0.0120% | 8h | 774.18 | +0.014% | $417K | $471K | 50x | |
| Phoenix SPY | −0.0103% | 1h | 773.60 | −0.061% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0022% | 1h | 773.85 | −0.029% | $1.6M | $272K | 20x | as long as short |
| Aster SPYUSDTlong | 0.0000% | 8h | 774.07 | long leg | $864K | $194K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.18 | +0.014% | $28.2M | $79.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.06 | −0.001% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.01 | −0.008% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.69 | −0.049% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.17 | +0.013% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.28 | +0.027% | $10.9M | $1.8M | 50x | as long as short |
Phoenix SPY
Nado SPY-PERP
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.25 | +0.023% | $158K | $360K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.35 | +0.165% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.91 | −0.021% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.47 | +0.052% | $308K | $20K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.36 | +0.038% | $7.0M | $4.9M | 25x | as long as short |
| Ondo Perps SPY-USD.P | +0.0037% | 1h | 773.12 | −0.123% | $4.7M | $831K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.079% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.07 | −0.129% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.90 | −0.022% | $951K | $558K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0054% | 1h | 773.17 | −0.116% | $164K | $25K | 50x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.53 | +0.059% | $56.2M | $115.9M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.50 | −0.074% | $2.5M | $964K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.15 | +0.010% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.61 | −0.060% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0176% | 1h | 774.31 | +0.031% | $8.1M | $19.2M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.17 | +0.014% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0973% | 4h | 774.06 | −0.002% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Ondo Perps SPY-USD.P
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
ApeX Omni SPYUSDT
Lighter RH SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC