Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.032%
Price spread now: Vest against Aster−0.155%7-day average −0.108% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.155%, 7d avg −0.108%
=Together, before fees+0.007%+ Points / potential airdropAster: Stage 5 · Vest: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Vest is 0.047% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.108%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 774.40 | 0.0057 | pay 0.0057% / 8h | 4h 23m | $865K | $196K | 20x |
| Short | Vest SPY-USD-PERP | 773.20 | 0.0046 | get 0.0006% / 1h | 23m 00s | — | $123K | 50x |
Aster SPYUSDT
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$2.37
- Price spread: −0.155% → −0.108%
- −$4.65
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$17.03
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 35 min ago; Vest: 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, 35 min ago | 0.84 bp | 6.7 bp −$7 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | −0.0111% | 8h | 774.31 | −0.012% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0012% | 1h | 773.48 | −0.119% | $163K | $24K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | −0.018% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.37 | −0.004% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.91 | −0.063% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.010% | $10.9M | $1.8M | 50x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.66 | −0.096% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.31 | +0.117% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.03 | −0.048% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.014% | $308K | $20K | 50x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0003% | 8h | 774.37 | −0.003% | $163K | $374K | 10x | as long as short |
| Binance SPYUSDT | +0.0009% | 8h | 774.30 | −0.013% | $28.2M | $79.9M | 50x | as long as short |
| MEXC SPY_USDT | +0.0009% | 8h | 774.29 | −0.014% | $26.1M | $12.0M | 100x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.59 | −0.105% | $934K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.20 | −0.155% | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.47 | −0.120% | $4.8M | $833K | 20x | as long as short |
| Aster SPYUSDTlong | +0.0057% | 8h | 774.40 | long leg | $865K | $196K | 20x | |
| Lighter RH SPY | +0.0064% | 1h | 774.70 | +0.039% | $56.4M | $114.6M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.045% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0079% | 1h | 773.97 | −0.055% | $1.5M | $280K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.30 | −0.013% | $8.3M | $19.5M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.77 | −0.081% | $2.5M | $978K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.24 | −0.021% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.74 | −0.086% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.38 | −0.002% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.29 | −0.014% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0879% | 4h | 774.10 | −0.039% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
Binance SPYUSDT
MEXC SPY_USDT
Arcus SPY-USD
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
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC