Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.36 per $10,000 · paid last 24h +0.024%
Price spread now: Aster against Bitget−0.012%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.012%, 7d avg −0.002%
=Together, before fees+0.125%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 773.99 | 0.0036 | pay 0.0036% / 8h | 1h 42m | $10.8M | $2.9M | 50x |
| Short | Aster SPYUSDT | 773.90 | 0 | get 0.0000% / 8h | 1h 42m | $862K | $269K | 20x |
Bitget SPYUSDT
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bitget. 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
- −$7.56
- Price spread: −0.012% → −0.002%
- −$1.02
- Slippage, 4 orders
- −$4.28
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$32.86
- Costs to cover
- 0.243%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Aster: live order book, 40 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 Bitget live order book, 1 min ago | 0.06 bp | 7.0 bp −$7 | 9.5 bp −$95 | 14.5 bp −$1,450 | doesn't fit |
| Sell Aster live order book, 40 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 | 774.10 | +0.014% | $414K | $704K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.22 | −0.099% | $949K | $1.3M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.44 | −0.071% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDTshort | 0.0000% | 8h | 773.90 | −0.012% | $862K | $269K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.07 | +0.011% | $28.2M | $84.1M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.04 | +0.006% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.14 | +0.019% | $8.0M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.42 | −0.074% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.06 | +0.009% | $25.4M | $12.1M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.15 | +0.021% | $157K | $430K | 10x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Phoenix SPY
Binance SPYUSDT
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 | 775.16 | +0.151% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.42 | +0.056% | $308K | $20K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.85 | −0.018% | $8.6M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.32 | +0.043% | $56.8M | $120.8M | 50x | as long as short |
| Bitget SPYUSDTlong | +0.0036% | 8h | 773.99 | long leg | $10.8M | $2.9M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.90 | −0.141% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.32 | −0.087% | $4.8M | $921K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.52 | −0.061% | $955K | $648K | 20x | as long as short |
| Nado SPY-PERP | +0.0073% | 1h | 773.60 | −0.051% | $1.5M | $309K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.45 | −0.070% | $2.5M | $982K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.68 | −0.040% | $154K | $16K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.06 | +0.009% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.59 | −0.052% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0190% | 1h | 773.90 | −0.012% | $23K | $75K | 20x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.21 | +0.029% | $6.9M | $5.4M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.08 | +0.011% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0784% | 4h | 773.98 | −0.001% | $640K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
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