Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.045%
Price spread now: Bybit against Aster−0.052%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.052%, 7d avg −0.027%
=Together, before fees−0.084%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.024% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 774.69 | 0.0042 | pay 0.0042% / 8h | 4h 47m | $865K | $195K | 20x |
| Short | Bybit SPYUSDT | 774.29 | 0 | get 0.0000% / 8h | 4h 47m | $6.3M | $2.0M | 100x |
Aster SPYUSDT
Bybit SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$8.9
- Price spread: −0.052% → −0.027%
- −$2.43
- Slippage, 4 orders
- −$10.67
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$41.01
- Costs to cover
- 0.297%
- Break-even
- never at this rate
Slippage from Aster: live order book, 10 min ago; Bybit: 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, 10 min ago | 0.84 bp | 6.7 bp −$7 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.19 bp | 7.6 bp −$8 | 10.3 bp −$103 | 26.1 bp −$2,611 | 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 | −0.0103% | 8h | 774.32 | −0.048% | $419K | $468K | 50x | as long as short |
| Bybit SPYUSDTshort | 0.0000% | 8h | 774.29 | −0.052% | $6.3M | $2.0M | 100x | |
| Gate SPY_USDT | 0.0000% | 8h | 773.72 | −0.125% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.42 | −0.035% | $10.9M | $1.9M | 50x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.89 | −0.103% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.35 | +0.085% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.75 | +0.008% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0002% | 8h | 774.21 | −0.062% | $7.9M | $3.2M | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0006% | 1h | 773.14 | −0.200% | $162K | $24K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0013% | 8h | 774.38 | −0.040% | $162K | $375K | 10x | as long as short |
BloFin SPY-USDT
Gate SPY_USDT
Bitget SPYUSDT
Phoenix SPY
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
ApeX Omni SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0016% | 8h | 774.27 | −0.054% | $24.7M | $11.6M | 100x | as long as short |
| Binance SPYUSDT | +0.0017% | 8h | 774.28 | −0.053% | $28.2M | $79.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.63 | −0.137% | $931K | $1.4M | 50x | as long as short |
| Aster SPYUSDTlong | +0.0042% | 8h | 774.69 | long leg | $865K | $195K | 20x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.04 | −0.213% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.36 | −0.172% | $4.8M | $841K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.083% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0072% | 1h | 774.22 | −0.061% | $8.3M | $19.5M | 50x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.51 | −0.023% | $56.4M | $112.9M | 50x | as long as short |
| Nado SPY-PERP | +0.0091% | 1h | 773.84 | −0.111% | $1.5M | $283K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.71 | −0.127% | $2.5M | $979K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.32 | −0.048% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.69 | −0.129% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.40 | −0.038% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.27 | −0.054% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0293% | 1h | 774.13 | −0.072% | $23K | $56K | 20x | as long as short |
| edgeX SPYUSDC | +0.0962% | 4h | 774.15 | −0.070% | $640K | $242K | 20x | as long as short |
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC