Funding you earn now, next payment 09:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.001%
Price spread now: Aster against Vest+0.154%7-day average +0.110% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.154%, 7d avg +0.110%
=Together, before fees−0.008%+ Points / potential airdropVest: Active · Aster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.044% dearer against Vest than usual: you sell high and buy low (spread +0.154% now, against its 7-day average of +0.110%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 4 days (−0.003% in total) that is about 50 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPY-USD-PERP | 771.55 | 0.0046 | pay 0.0006% / 1h | 38m 32s | — | $123K | 50x |
| Short | Aster SPYUSDT | 772.74 | 0 | get 0.0000% / 8h | 7h 38m | $864K | $196K | 20x |
Vest SPY-USD-PERP
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Vest. 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
- −$9.59
- Price spread: +0.154% → +0.110%
- $4.44
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$15.16
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Aster: live order book, 59 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 Vest no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 59 min ago | 0.13 bp | 4.6 bp −$5 | 4.7 bp −$47 | doesn't fit | doesn't fit |
Vest: 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 | −0.0120% | 8h | 772.83 | +0.166% | $417K | $440K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.18 | +0.082% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDTshort | 0.0000% | 8h | 772.74 | +0.154% | $864K | $196K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 772.69 | +0.148% | $28.6M | $75.2M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.70 | +0.149% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.71 | +0.150% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.37 | +0.106% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.66 | +0.144% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.79 | +0.161% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.06 | +0.196% | $160K | $340K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 773.95 | +0.311% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.75 | +0.156% | $299K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 772.81 | +0.163% | $56.7M | $118.2M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0035% | 1h | 772.49 | +0.122% | $23K | $54K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.05 | +0.065% | $920K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERPlong | +0.0046% | 1h | 771.55 | long leg | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.00 | +0.058% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.80 | +0.292% | $951K | $508K | 20x | as long as short |
| Nado SPY-PERP | +0.0076% | 1h | 772.17 | +0.081% | $1.5M | $250K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.23 | +0.088% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.28 | +0.095% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.79 | +0.161% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.19 | +0.083% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0120% | 1h | 772.66 | +0.144% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.83 | +0.165% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.88 | +0.172% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0771% | 4h | 772.57 | +0.132% | $638K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC