Funding you earn now, next payment 08:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.99 per $10,000 · paid last 24h −0.015%
Price spread now: KuCoin against Aster−0.083%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.083%, 7d avg −0.057%
=Together, before fees+0.147%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.026% cheaper against Aster than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.057%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 774.12 | 0.0001 | pay 0.0001% / 8h | 3h 22m | $864K | $194K | 20x |
| Short | KuCoin SPYUSDTM | 773.48 | 0.0100 | get 0.0100% / 8h | 3h 22m | $2.5M | $979K | 20x |
Aster SPYUSDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $20.83
- Price spread: −0.083% → −0.057%
- −$2.56
- Slippage, 4 orders
- −$12.71
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$14.44
- Costs to cover
- 0.327%
- Break-even
- 11.9 days
Slippage from Aster: live order book, 30 min ago; KuCoin: live order book, 4 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, 30 min ago | 0.39 bp | 5.1 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 3.17 bp | 10.3 bp −$10 | 793.4 bp −$7,934 | 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 | −0.0120% | 8h | 774.28 | +0.021% | $416K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.74 | −0.049% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.29 | +0.022% | $28.3M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.38 | +0.033% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.18 | +0.008% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.79 | −0.043% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.28 | +0.021% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.38 | +0.033% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.25 | +0.017% | $159K | $381K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.161% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.54 | +0.054% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDTlong | +0.0001% | 8h | 774.12 | long leg | $864K | $194K | 20x | |
| ApeX Omni SPYUSDT | +0.0013% | 1h | 773.21 | −0.118% | $163K | $24K | 50x | as long as short |
| Nado SPY-PERP | +0.0022% | 1h | 774.00 | −0.015% | $1.5M | $268K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.65 | +0.068% | $56.5M | $117.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.085% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.20 | −0.119% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.09 | −0.133% | $4.7M | $838K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | −0.049% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0088% | 1h | 774.34 | +0.028% | $8.2M | $19.3M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0099% | 1h | 774.16 | +0.005% | $23K | $56K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.48 | −0.083% | $2.5M | $979K | 20x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | +0.005% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.47 | +0.044% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | −0.052% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.28 | +0.021% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0721% | 4h | 774.14 | +0.003% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
ApeX Omni SPYUSDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Deribit SPY_USDC-PERPETUAL
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC