Funding you earn now, next payment 09:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.002%
Price spread now: Nado against Aster−0.079%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$240.238% of the position
Funding, last 4 days (all we have)−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.079%, 7d avg −0.037%
=Together, before fees+0.019%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.042% cheaper against Aster than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.037%). If the spread goes back, that is −$4 on $10k: about 3.7 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 773.25 | 0 | get 0.0000% / 8h | 7h 45m | $864K | $196K | 20x |
| Short | Nado SPY-PERP | 772.64 | 0.0037 | get 0.0005% / 1h | 45m 03s | $1.5M | $250K | 20x |
Aster SPYUSDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $7.87
- Price spread: −0.079% → −0.037%
- −$4.22
- Slippage, 4 orders
- −$8.77
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$20.11
- Costs to cover
- 0.238%
- Break-even
- 24.9 days
Slippage from Aster: live order book, 53 min ago; Nado: 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, 53 min ago | 0.13 bp | 5.4 bp −$5 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.06 bp | 7.3 bp −$7 | 16.9 bp −$169 | 56.5 bp −$5,654 | 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 | 773.24 | −0.001% | $418K | $440K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.70 | −0.071% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDTlong | 0.0000% | 8h | 773.25 | long leg | $864K | $196K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 773.18 | −0.009% | $28.6M | $74.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.17 | −0.011% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.13 | −0.016% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.92 | −0.043% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.17 | −0.011% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.31 | +0.008% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.51 | +0.034% | $160K | $350K | 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_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 774.32 | +0.138% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.50 | +0.032% | $300K | $38K | 50x | as long as short |
| edgeX SPYUSDC | +0.0001% | 4h | 773.14 | −0.014% | $639K | $243K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.22 | −0.004% | $56.7M | $117.4M | 50x | as long as short |
| Nado SPY-PERPshort | +0.0037% | 1h | 772.64 | −0.079% | $1.5M | $250K | 20x | |
| Arcus SPY-USD | +0.0040% | 1h | 772.48 | −0.100% | $920K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.95 | −0.168% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.39 | −0.111% | $4.8M | $848K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.80 | +0.071% | $951K | $508K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0074% | 1h | 772.83 | −0.054% | $23K | $54K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.61 | −0.083% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.78 | −0.061% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.09 | −0.021% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.56 | −0.089% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0128% | 1h | 773.11 | −0.018% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.17 | −0.010% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.43 | +0.023% | $7.1M | $3.8M | 25x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
edgeX SPYUSDC
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC