Funding you earn now, next payment 03:00 UTC+0.0424%/8h= +46.4% APRpaid last 24h +0.305%
Price spread now: GMX against Aster+0.005%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$13 a day on $10k at the current rate. The two prices were read 51 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 | 774.44 | 0.0005 | pay 0.0005% / 8h | 5h 33m | $863K | $203K | 20x |
| Short | GMX SPY/USD [ETH-USDC] | 774.49 | L +0.0209% / S −0.0429% | get 0.0054% / 1h | 33m 32s | $10K | — | 26x |
Aster SPYUSDT
GMX SPY/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $89.06
- Price spread: +0.005% → 0.000%
- $0.54
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $69.6
- Costs to cover
- 0.200%
- Break-even
- 1.5 days
Slippage unknown: Aster: live order book, 29 min ago; GMX: no order-book sample. Net counts fees only.
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, 29 min ago | 0.84 bp | 8.3 bp −$8 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0110% | 8h | 774.49 | +0.006% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0066% | 1h | 773.48 | −0.124% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.86 | −0.075% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.48 | +0.005% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.41 | −0.004% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.94 | −0.065% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.59 | +0.019% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.50 | +0.007% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.59 | +0.148% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.99 | −0.059% | $23K | $55K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.57 | +0.016% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDTlong | +0.0005% | 8h | 774.44 | long leg | $863K | $203K | 20x | |
| MEXC SPY_USDT | +0.0010% | 8h | 774.47 | +0.003% | $22.6M | $11.9M | 100x | as long as short |
| Binance SPYUSDT | +0.0011% | 8h | 774.49 | +0.006% | $28.3M | $79.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.55 | −0.115% | $935K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.159% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0048% | 1h | 773.97 | −0.060% | $1.5M | $288K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.60 | −0.109% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.051% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.34 | −0.013% | $8.3M | $21.0M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.63 | +0.025% | $6.9M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.75 | −0.090% | $2.5M | $976K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.36 | −0.011% | $1K | — | 20x | as long as short |
| Lighter RH SPY | +0.0104% | 1h | 774.72 | +0.036% | $56.5M | $114.1M | 50x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.87 | −0.074% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC]short | L +0.0209% / S −0.0429% | 1h | 774.49 | +0.005% | $10K | — | 26x | |
| edgeX SPYUSDC | +0.0394% | 4h | 774.33 | −0.014% | $640K | $242K | 20x | as long as short |
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Lighter RH SPY
Aevo SPY-PERP
edgeX SPYUSDC