Funding you earn now, next payment 01:00 UTC−0.0193%/8h= −21.2% APRpaid last 24h −0.040%
Price spread now: Aster against GMX+0.020%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Aster is 0.020% dearer against GMX than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SPY/USD [ETH-USDC] | 774.50 | L +0.0208% / S −0.0429% | pay 0.0026% / 1h | 5m 40s | $10K | — | 26x |
| Short | Aster SPYUSDT | 774.65 | 0.0015 | get 0.0015% / 8h | 7h 05m | $863K | $204K | 20x |
GMX SPY/USD [ETH-USDC]
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against GMX. 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
- −$40.56
- Price spread: +0.020% → 0.000%
- $2.02
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$58.55
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Aster: live order book, 2 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 2 min ago | 0.45 bp | 6.5 bp −$7 | 6.9 bp −$69 | doesn't fit | doesn't fit |
GMX: 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 | −0.0097% | 8h | 774.50 | +0.001% | $415K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.72 | −0.100% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.61 | +0.015% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.01 | −0.063% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.66 | +0.021% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.65 | +0.149% | $2K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.08 | −0.054% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.81 | +0.041% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0012% | 8h | 774.54 | +0.006% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDTshort | +0.0015% | 8h | 774.65 | +0.020% | $863K | $204K | 20x |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
OKX SPY-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0023% | 8h | 774.50 | +0.001% | $18.4M | $11.9M | 100x | as long as short |
| Binance SPYUSDT | +0.0024% | 8h | 774.49 | −0.001% | $28.5M | $81.5M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.30 | −0.025% | $8.3M | $21.7M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.66 | +0.021% | $57.5M | $115.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.166% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.44 | −0.136% | $4.8M | $846K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0052% | 8h | 774.53 | +0.004% | $160K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.84 | −0.085% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.064% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.85 | −0.083% | $2.5M | $952K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.98 | −0.066% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.46 | −0.005% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.90 | −0.077% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0117% | 1h | 774.04 | −0.059% | $1.5M | $285K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC]long | L +0.0208% / S −0.0429% | 1h | 774.50 | long leg | $10K | — | 26x | |
| RISEx SPY/USDC | +0.0320% | 1h | 774.64 | +0.018% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0971% | 4h | 774.39 | −0.014% | $640K | $241K | 20x | as long as short |
MEXC SPY_USDT
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
RISEx SPY/USDC
edgeX SPYUSDC