Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.045%
Price spread now: Gate against Aster−0.049%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.049%, 7d avg −0.036%
=Together, before fees−0.078%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 774.05 | 0 | get 0.0000% / 8h | 2h 22m | $864K | $195K | 20x |
| Short | Gate SPY_USDT | 773.67 | 0 | get 0.0000% / 8h | 2h 22m | $770K | $2.4M | 75x |
Aster SPYUSDT
Gate SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: −0.049% → −0.036%
- −$1.29
- Slippage, 4 orders
- −$12.29
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$36.57
- Costs to cover
- 0.353%
- Break-even
- never at this rate
Slippage from Aster: live order book, 25 min ago; Gate: 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, 25 min ago | 0.45 bp | 5.6 bp −$6 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 3.23 bp | 13.6 bp −$14 | 14.7 bp −$147 | 52.5 bp −$5,247 | 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 | −0.0120% | 8h | 774.09 | +0.005% | $416K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.59 | −0.059% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0041% | 1h | 773.99 | −0.008% | $1.6M | $262K | 20x | as long as short |
| Aster SPYUSDTlong | 0.0000% | 8h | 774.05 | long leg | $864K | $195K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.22 | +0.022% | $28.5M | $79.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.11 | +0.008% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.12 | +0.009% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDTshort | 0.0000% | 8h | 773.67 | −0.049% | $770K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.22 | +0.022% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.26 | +0.027% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
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 | 774.17 | +0.016% | $169K | $350K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.36 | +0.169% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.10 | +0.007% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.12 | +0.009% | $300K | $37K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.45 | +0.051% | $7.0M | $4.5M | 25x | as long as short |
| Ondo Perps SPY-USD.P | +0.0023% | 1h | 773.19 | −0.111% | $4.7M | $832K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.43 | −0.080% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.23 | −0.106% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.65 | +0.078% | $56.1M | $118.6M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.88 | −0.022% | $951K | $556K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0082% | 1h | 773.15 | −0.116% | $164K | $25K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.46 | −0.076% | $2.5M | $983K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.08 | +0.004% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.64 | −0.053% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0128% | 1h | 774.38 | +0.043% | $8.2M | $19.4M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.23 | +0.023% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0305% | 4h | 773.88 | −0.022% | $639K | $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
Lighter RH SPY
Coinbase International SPY-PERP-INTX
ApeX Omni SPYUSDT
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC