Funding you earn now, next payment 06:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.024%
Price spread now: Aster against Nado+0.029%48s7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.230% of the position
Funding, last 3 days (all we have)+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.029%, 7d avg +0.037%
=Together, before fees+0.033%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPY-PERP | 773.85 | −0.0022 | get 0.0003% / 1h | 52m 49s | $1.6M | $272K | 20x |
| Short | Aster SPYUSDT | 774.07 | 0 | get 0.0000% / 8h | 2h 52m | $864K | $194K | 20x |
Nado SPY-PERP
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Nado. 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
- $4.52
- Price spread: +0.029% → +0.037%
- −$0.83
- Slippage, 4 orders
- −$8.01
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$19.33
- Costs to cover
- 0.230%
- Break-even
- 36.9 days
Slippage from Nado: live order book, 1 min ago; Aster: live order book, 60 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 Nado live order book, 1 min ago | 0.06 bp | 6.6 bp −$7 | 16.6 bp −$166 | 58.4 bp −$5,836 | doesn't fit |
| Sell Aster live order book, 60 min ago | 0.39 bp | 4.5 bp −$5 | 7.1 bp −$71 | 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 | 774.18 | +0.043% | $417K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.60 | −0.032% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERPlong | −0.0022% | 1h | 773.85 | long leg | $1.6M | $272K | 20x | |
| Aster SPYUSDTshort | 0.0000% | 8h | 774.07 | +0.029% | $864K | $194K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.18 | +0.043% | $28.2M | $79.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.09 | +0.031% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.02 | +0.022% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.69 | −0.021% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.16 | +0.040% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.28 | +0.056% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.25 | +0.051% | $158K | $360K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.35 | +0.194% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.91 | +0.008% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.47 | +0.080% | $308K | $20K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.36 | +0.066% | $7.0M | $4.9M | 25x | as long as short |
| Ondo Perps SPY-USD.P | +0.0037% | 1h | 773.12 | −0.094% | $4.7M | $831K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.050% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.07 | −0.101% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.90 | +0.007% | $951K | $558K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0054% | 1h | 773.17 | −0.088% | $164K | $25K | 50x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.54 | +0.089% | $56.2M | $115.9M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.51 | −0.044% | $2.5M | $964K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.15 | +0.039% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.61 | −0.031% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0176% | 1h | 774.31 | +0.060% | $8.1M | $19.2M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.17 | +0.042% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0973% | 4h | 774.06 | +0.027% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Ondo Perps SPY-USD.P
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
ApeX Omni SPYUSDT
Lighter RH SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC