Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Aster against OKX−0.021%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.021%, 7d avg +0.019%
=Together, before fees+0.166%+ 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 0.040% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SPY-USDT-SWAP | 774.24 | 0 | get 0.0000% / 8h | 7h 03m | $7.8M | $3.2M | 50x |
| Short | Aster SPYUSDT | 774.08 | 0 | get 0.0000% / 8h | 7h 03m | $862K | $199K | 20x |
OKX SPY-USDT-SWAP
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against OKX. 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: −0.021% → +0.019%
- −$3.98
- Slippage, 4 orders
- −$3.45
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$25.44
- Costs to cover
- 0.215%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Aster: live order book, 30 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 OKX live order book, 5 min ago | 0.06 bp | 5.1 bp −$5 | 7.2 bp −$72 | 23.7 bp −$2,374 | doesn't fit |
| Sell Aster live order book, 30 min ago | 0.45 bp | 5.6 bp −$6 | 6.3 bp −$63 | 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 | −0.018% | $414K | $410K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 773.69 | −0.071% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDTshort | 0.0000% | 8h | 774.08 | −0.021% | $862K | $199K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.29 | +0.007% | $28.5M | $76.2M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.25 | +0.001% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAPlong | 0.0000% | 8h | 774.24 | long leg | $7.8M | $3.2M | 50x | |
| Gate SPY_USDT | 0.0000% | 8h | 773.83 | −0.053% | $792K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.31 | +0.009% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.42 | +0.023% | $11.0M | $1.5M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.48 | +0.160% | $2K | $1.3M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.58 | +0.044% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0012% | 1h | 773.92 | −0.041% | $1.5M | $251K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.57 | +0.043% | $56.8M | $121.1M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.17 | −0.138% | $969K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.20 | −0.134% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.78 | −0.189% | $4.8M | $849K | 20x | as long as short |
| Lighter SPY | +0.0056% | 1h | 774.23 | −0.001% | $7.9M | $17.2M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.60 | −0.212% | $951K | $505K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0086% | 1h | 774.18 | −0.008% | $23K | $55K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.88 | −0.046% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.09 | −0.149% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.15 | −0.012% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.89 | −0.045% | $87K | — | 10x | as long as short |
| GRVT SPY_USDT_Perp | +0.0120% | 8h | 774.22 | −0.003% | $161K | $341K | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.35 | +0.014% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 774.24 | 0.000% | $7.2M | $3.6M | 25x | as long as short |
| edgeX SPYUSDC | +0.0762% | 4h | 774.15 | −0.011% | $640K | $243K | 20x | as long as short |
HTX SPY-USDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter SPY
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GRVT SPY_USDT_Perp
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC