Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.016%
Price spread now: Coinbase International against Aster+0.034%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.034%, 7d avg −0.075%
=Together, before fees−0.150%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.109% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.075%. Mind the row above: over the last 7 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 773.53 | 0 | get 0.0000% / 8h | 7h 55m | $864K | $196K | 20x |
| Short | Coinbase International SPY-PERP-INTX | 773.80 | 0.0056 | get 0.0007% / 1h | 55m 56s | $951K | $508K | 20x |
Aster SPYUSDT
Coinbase International SPY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $11.76
- Price spread: +0.034% → −0.075%
- $10.92
- Slippage, 4 orders
- −$3.66
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $1.02
- Costs to cover
- 0.217%
- Break-even
- 6.4 days
Slippage from Aster: live order book, 42 min ago; Coinbase International: live order book, 42 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, 42 min ago | 0.13 bp | 5.4 bp −$5 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 42 min ago | 0.06 bp | 6.4 bp −$6 | 8.9 bp −$89 | 37.0 bp −$3,697 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0155% | 1h | 772.88 | −0.084% | $158K | $151K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 773.45 | −0.011% | $421K | $440K | 50x | as long as short |
| Aster SPYUSDTlong | 0.0000% | 8h | 773.53 | long leg | $864K | $196K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 773.43 | −0.013% | $28.5M | $74.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.37 | −0.021% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.48 | −0.007% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.08 | −0.059% | $793K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.50 | −0.004% | $29.7M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.47 | −0.008% | $10.9M | $1.5M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 774.61 | +0.139% | $1K | $1.3M | 10x | as long as short |
Phoenix SPY
BloFin SPY-USDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.16 | −0.048% | $23K | $54K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.04 | +0.065% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.65 | +0.015% | $56.7M | $116.7M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.85 | −0.088% | $922K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.32 | −0.157% | — | $123K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0046% | 8h | 773.81 | +0.036% | $160K | $350K | 10x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.63 | −0.117% | $4.8M | $856K | 20x | as long as short |
| Nado SPY-PERP | +0.0051% | 1h | 773.05 | −0.062% | $1.5M | $251K | 20x | as long as short |
| Coinbase International SPY-PERP-INTXshort | +0.0056% | 1h | 773.80 | +0.034% | $951K | $508K | 20x | |
| ApeX Omni SPYUSDT | +0.0080% | 1h | 773.04 | −0.064% | $164K | $25K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.00 | −0.069% | $2.5M | $998K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.46 | −0.009% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.98 | −0.072% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 773.49 | −0.006% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.51 | −0.002% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.70 | +0.021% | $7.1M | $4.0M | 25x | as long as short |
| edgeX SPYUSDC | +0.0590% | 4h | 773.54 | +0.001% | $639K | $241K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
GRVT SPY_USDT_Perp
Ondo Perps SPY-USD.P
Nado SPY-PERP
ApeX Omni SPYUSDT
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC