Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.045%
Price spread now: Aster against Bybit−0.028%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.028%, 7d avg +0.027%
=Together, before fees+0.148%+ Points / potential airdropAster: Stage 5 · farm board+$15 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 0.055% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPYUSDT | 774.27 | 0 | get 0.0000% / 8h | 1h 53m | $6.2M | $1.9M | 100x |
| Short | Aster SPYUSDT | 774.05 | 0 | get 0.0000% / 8h | 1h 53m | $864K | $195K | 20x |
Bybit SPYUSDT
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. 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: −0.028% → +0.027%
- −$5.48
- Slippage, 4 orders
- −$5.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$29.69
- Costs to cover
- 0.242%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 54 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 Bybit live order book, 4 min ago | 0.32 bp | 6.8 bp −$7 | 9.5 bp −$95 | 30.5 bp −$3,049 | doesn't fit |
| Sell Aster live order book, 54 min ago | 0.45 bp | 4.6 bp −$5 | 5.2 bp −$52 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0378% | 1h | 773.48 | −0.102% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.023% | $418K | $473K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.84 | −0.056% | $161K | $294K | 20x | as long as short |
| Nado SPY-PERP | −0.0030% | 1h | 774.04 | −0.030% | $1.6M | $251K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0016% | 1h | 773.27 | −0.129% | $4.7M | $832K | 20x | as long as short |
| Aster SPYUSDTshort | 0.0000% | 8h | 774.05 | −0.028% | $864K | $195K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.25 | −0.003% | $28.6M | $79.0M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 774.27 | long leg | $6.2M | $1.9M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.16 | −0.014% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.82 | −0.058% | $770K | $2.4M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Ondo Perps SPY-USD.P
Binance SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.25 | −0.003% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | +0.028% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.42 | +0.020% | $169K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.38 | +0.143% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.05 | −0.028% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.68 | +0.053% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.60 | +0.043% | $56.2M | $117.3M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.77 | −0.065% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0040% | 1h | 774.38 | +0.014% | $8.1M | $18.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.45 | −0.106% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.49 | +0.029% | $7.0M | $4.2M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.137% | — | $123K | 50x | as long as short |
| edgeX SPYUSDC | +0.0080% | 4h | 774.07 | −0.026% | $640K | $241K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.57 | −0.090% | $2.5M | $984K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.19 | −0.010% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.66 | −0.079% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.20 | −0.010% | $10K | — | 26x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Lighter SPY
Arcus SPY-USD
RISEx SPY/USDC
Vest SPY-USD-PERP
edgeX SPYUSDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]