Funding you earn now, next payment 04:00 UTC+0.0980%/8h= +107.3% APRpaid last 24h −0.048%
Price spread now: edgeX against Aster+0.005%90s7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days−0.909%−$91 on $10k
+Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.005%, 7d avg −0.020%
=Together, before fees−0.945%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board−$94 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and edgeX is 0.024% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.020%. Mind the row above: over the last 7 days funding on this pair cost −0.909%, so the current rate has only just turned in your favour. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 774.33 | 0.0013 | pay 0.0013% / 8h | 7h 08m | $863K | $204K | 20x |
| Short | edgeX SPYUSDC | 774.37 | 0.0993 | get 0.0496% / 4h | 3h 08m | $640K | $241K | 20x |
Aster SPYUSDT
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $205.71
- Price spread: +0.005% → −0.020%
- $2.41
- Slippage, 4 orders
- −$15.55
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $175.57
- Costs to cover
- 0.326%
- Break-even
- 1.0 days
Slippage from Aster: live order book, 65 min ago; edgeX: live order book, 66 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, 65 min ago | 0.39 bp | 7.0 bp −$7 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 66 min ago | 5.16 bp | 9.7 bp −$10 | 10.4 bp −$104 | 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 | −0.0098% | 8h | 774.52 | +0.024% | $414K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.73 | −0.078% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.61 | +0.036% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.01 | −0.042% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.64 | +0.040% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.65 | +0.170% | $2K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.09 | −0.031% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.053% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0011% | 8h | 774.55 | +0.028% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDTlong | +0.0013% | 8h | 774.33 | long leg | $863K | $204K | 20x |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
OKX SPY-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0021% | 8h | 774.51 | +0.023% | $18.4M | $11.9M | 100x | as long as short |
| Binance SPYUSDT | +0.0023% | 8h | 774.51 | +0.023% | $28.5M | $81.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.27 | −0.008% | $8.3M | $21.7M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.64 | +0.040% | $57.5M | $115.1M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0042% | 8h | 774.54 | +0.027% | $160K | $395K | 10x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.16 | −0.151% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.44 | −0.115% | $4.8M | $846K | 20x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.05 | −0.037% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.043% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | −0.065% | $2.5M | $952K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.86 | −0.061% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.46 | +0.016% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.90 | −0.056% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0118% | 1h | 773.99 | −0.044% | $1.5M | $285K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.51 | +0.024% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.59 | +0.033% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDCshort | +0.0993% | 4h | 774.37 | +0.005% | $640K | $241K | 20x |
MEXC SPY_USDT
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
GRVT SPY_USDT_Perp
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC