Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Aster against Binance−0.005%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Funding, last 7 days+0.246%+$25 on $10k
+Price spread, last 2 days (all we have)+0.013%+$1 · spread now −0.005%, 7d avg +0.009%
=Together, before fees+0.259%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPYUSDT | 774.05 | 0 | get 0.0000% / 8h | 1h 33m | $28.2M | $83.7M | 50x |
| Short | Aster SPYUSDT | 774.01 | 0 | get 0.0000% / 8h | 1h 33m | $862K | $269K | 20x |
Binance SPYUSDT
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Binance. 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
- $0
- Price spread: −0.005% → +0.009%
- −$1.32
- Slippage, 4 orders
- −$2.34
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$21.67
- Costs to cover
- 0.203%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Aster: live order book, 50 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 Binance live order book, 10 min ago | 0.06 bp | 5.1 bp −$5 | 5.7 bp −$57 | 10.1 bp −$1,011 | 31.9 bp −$16.0K |
| Sell Aster live order book, 50 min ago | 0.13 bp | 5.9 bp −$6 | 6.5 bp −$65 | 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 | 774.04 | −0.001% | $413K | $704K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.15 | −0.116% | $945K | $1.4M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.54 | −0.066% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDTshort | 0.0000% | 8h | 774.01 | −0.005% | $862K | $269K | 20x | |
| Binance SPYUSDTlong | 0.0000% | 8h | 774.05 | long leg | $28.2M | $83.7M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.23 | +0.023% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.12 | +0.009% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.49 | −0.072% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.04 | −0.001% | $26.0M | $12.2M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.15 | +0.013% | $157K | $430K | 10x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
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 | 775.12 | +0.138% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.72 | −0.043% | $308K | $20K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.01 | −0.005% | $8.6M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.44 | +0.050% | $56.8M | $121.1M | 50x | as long as short |
| Bitget SPYUSDT | +0.0032% | 8h | 774.21 | +0.021% | $10.8M | $2.9M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.99 | −0.137% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.41 | −0.083% | $4.8M | $919K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.52 | −0.068% | $955K | $648K | 20x | as long as short |
| Nado SPY-PERP | +0.0064% | 1h | 773.77 | −0.036% | $1.5M | $309K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.49 | −0.072% | $2.5M | $983K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.71 | −0.044% | $154K | $16K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.09 | +0.005% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.58 | −0.061% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0112% | 1h | 773.99 | −0.008% | $23K | $75K | 20x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.23 | +0.023% | $6.9M | $5.4M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.05 | +0.001% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0331% | 4h | 773.97 | −0.010% | $640K | $241K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC