Funding you earn now, next payment 01:00 UTC−0.0320%/8h= −35.1% APRpaid last 24h −0.037%
Price spread now: Aster against RISEx−0.021%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Funding, last 3 days (all we have)−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.021%, 7d avg +0.020%
=Together, before fees−0.040%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aster is 0.040% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.043% in total (about -4.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SPY/USDC | 774.70 | 0.0320 | pay 0.0040% / 1h | 53m 25s | $6.9M | $5.2M | 25x |
| Short | Aster SPYUSDT | 774.54 | 0 | get 0.0000% / 8h | 7h 53m | $863K | $204K | 20x |
RISEx SPY/USDC
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against RISEx. 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
- −$67.27
- Price spread: −0.021% → +0.020%
- −$4.05
- Slippage, 4 orders
- −$6.83
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$92.15
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 1 min ago; Aster: live order book, 19 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 RISEx live order book, 1 min ago | 0.06 bp | 4.6 bp −$5 | 5.0 bp −$50 | doesn't fit | doesn't fit |
| Sell Aster live order book, 19 min ago | 0.39 bp | 6.2 bp −$6 | 7.4 bp −$74 | 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 | −0.0108% | 8h | 774.65 | −0.006% | $412K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.53 | −0.150% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDTshort | 0.0000% | 8h | 774.54 | −0.021% | $863K | $204K | 20x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.80 | +0.014% | $6.2M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.69 | −0.001% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.23 | −0.060% | $762K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.73 | +0.134% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.006% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0012% | 8h | 774.64 | −0.007% | $28.7M | $11.4M | 100x | as long as short |
| Binance SPYUSDT | +0.0013% | 8h | 774.65 | −0.006% | $28.5M | $82.0M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.37 | −0.042% | $8.2M | $21.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.82 | +0.016% | $57.1M | $112.1M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.35 | −0.174% | — | $123K | 50x | as long as short |
| Bitget SPYUSDT | +0.0050% | 8h | 774.71 | +0.002% | $11.0M | $2.4M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.66 | −0.134% | $4.8M | $847K | 20x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.96 | −0.095% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.090% | $954K | $579K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.09 | −0.078% | $2.5M | $951K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.00 | −0.090% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.61 | −0.011% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.05 | −0.084% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0115% | 1h | 774.17 | −0.068% | $1.5M | $290K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0118% | 8h | 774.63 | −0.008% | $157K | $400K | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 774.40 | −0.038% | $23K | $59K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.64 | −0.006% | $10K | — | 26x | as long as short |
| RISEx SPY/USDClong | +0.0320% | 1h | 774.70 | long leg | $6.9M | $5.2M | 25x | |
| edgeX SPYUSDC | +0.0362% | 4h | 774.49 | −0.027% | $640K | $241K | 20x | as long as short |
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Bitget SPYUSDT
Ondo Perps SPY-USD.P
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC