Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.045%
Price spread now: Aster against Bybit−0.032%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$240.245% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.032%, 7d avg +0.030%
=Together, before fees+0.168%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.062% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPYUSDT | 773.92 | 0 | get 0.0000% / 8h | 2h 22m | $6.2M | $2.3M | 100x |
| Short | Aster SPYUSDT | 773.67 | 0 | get 0.0000% / 8h | 2h 22m | $862K | $269K | 20x |
Bybit SPYUSDT
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. 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: −0.032% → +0.030%
- −$6.16
- Slippage, 4 orders
- −$5.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$30.63
- Costs to cover
- 0.245%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 65 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 Bybit live order book, 5 min ago | 0.32 bp | 7.1 bp −$7 | 9.9 bp −$99 | 29.6 bp −$2,963 | doesn't fit |
| Sell Aster live order book, 65 min ago | 0.45 bp | 5.0 bp −$5 | 6.4 bp −$64 | 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 | 773.81 | −0.014% | $414K | $722K | 50x | as long as short |
| Aster SPYUSDTshort | 0.0000% | 8h | 773.67 | −0.032% | $862K | $269K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 773.78 | −0.018% | $28.3M | $87.4M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 773.92 | long leg | $6.2M | $2.3M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.75 | −0.022% | $7.9M | $3.5M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.25 | −0.087% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.79 | −0.017% | $24.7M | $12.0M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.82 | −0.013% | $157K | $465K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.31 | −0.079% | $161K | $296K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 774.88 | +0.124% | $2K | $1.6M | 10x | as long as short |
BloFin SPY-USDT
Binance SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.78 | −0.018% | $22K | $75K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.11 | +0.025% | $308K | $20K | 50x | as long as short |
| Nado SPY-PERP | +0.0010% | 1h | 773.50 | −0.055% | $1.5M | $313K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.72 | −0.026% | $8.8M | $22.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.19 | +0.035% | $56.5M | $123.1M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.96 | −0.124% | $949K | $1.3M | 50x | as long as short |
| Bitget SPYUSDT | +0.0042% | 8h | 773.94 | +0.003% | $10.8M | $3.1M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.82 | −0.142% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.96 | −0.124% | $4.8M | $917K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 773.52 | −0.052% | $955K | $653K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.45 | −0.061% | $2.5M | $985K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.46 | −0.059% | $154K | $17K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.86 | −0.008% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.34 | −0.075% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 773.82 | −0.014% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0232% | 1h | 773.98 | +0.007% | $6.9M | $5.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0294% | 4h | 773.72 | −0.026% | $639K | $240K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Nado SPY-PERP
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Bitget SPYUSDT
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC