Funding you earn now, next payment 04:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.020%
Price spread now: RISEx against Aster+0.010%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Funding, last 4 days (all we have)+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.010%, 7d avg −0.019%
=Together, before fees+0.024%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.029% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 774.38 | 0.0052 | pay 0.0052% / 8h | 4h 16m | $865K | $196K | 20x |
| Short | RISEx SPY/USDC | 774.46 | 0.0173 | get 0.0022% / 1h | 16m 51s | $7.0M | $5.0M | 25x |
Aster SPYUSDT
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $25.44
- Price spread: +0.010% → −0.019%
- $2.91
- Slippage, 4 orders
- −$7.36
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $6.99
- Costs to cover
- 0.214%
- Break-even
- 5.1 days
Slippage from Aster: live order book, 41 min ago; RISEx: live order book, 2 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, 41 min ago | 0.84 bp | 6.7 bp −$7 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 2 min ago | 0.06 bp | 3.1 bp −$3 | 4.0 bp −$40 | 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 | −0.0116% | 8h | 774.32 | −0.008% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0029% | 1h | 773.00 | −0.178% | $162K | $24K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | −0.015% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.38 | 0.000% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.88 | −0.064% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.013% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.39 | +0.002% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.73 | −0.084% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.34 | +0.124% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.96 | −0.054% | $23K | $56K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
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 | 774.65 | +0.035% | $308K | $20K | 50x | as long as short |
| Binance SPYUSDT | +0.0004% | 8h | 774.33 | −0.006% | $28.2M | $79.9M | 50x | as long as short |
| MEXC SPY_USDT | +0.0005% | 8h | 774.33 | −0.006% | $26.8M | $12.1M | 100x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.63 | −0.097% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.16 | −0.157% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.63 | −0.097% | $4.8M | $831K | 20x | as long as short |
| Aster SPYUSDTlong | +0.0052% | 8h | 774.38 | long leg | $865K | $196K | 20x | |
| Lighter RH SPY | +0.0064% | 1h | 774.65 | +0.035% | $56.5M | $115.1M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.042% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0073% | 1h | 773.98 | −0.051% | $1.5M | $280K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.36 | −0.002% | $8.3M | $19.5M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.72 | −0.085% | $2.5M | $978K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.22 | −0.020% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | −0.085% | $87K | — | 10x | as long as short |
| RISEx SPY/USDCshort | +0.0173% | 1h | 774.46 | +0.010% | $7.0M | $5.0M | 25x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.33 | −0.007% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0462% | 4h | 774.19 | −0.024% | $640K | $242K | 20x | as long as short |
HTX SPY-USDT
Binance SPYUSDT
MEXC SPY_USDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC