Funding you earn now, next payment 01:00 UTC−0.0088%/8h= −9.7% APRpaid last 24h +0.014%
Price spread now: Aster against Aevo+0.103%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Aster is 0.103% dearer against Aevo than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days. The two prices were read 49 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 | Aevo SPY-PERP | 773.90 | 0.0104 | pay 0.0013% / 1h | 4m 36s | $87K | — | 10x |
| Short | Aster SPYUSDT | 774.69 | 0.0016 | get 0.0016% / 8h | 7h 04m | $863K | $204K | 20x |
Aevo SPY-PERP
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Aevo. 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
- −$18.53
- Price spread: +0.103% → 0.000%
- $10.29
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$32.24
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Aster: live order book, 3 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 3 min ago | 0.45 bp | 6.5 bp −$7 | 6.9 bp −$69 | doesn't fit | doesn't fit |
Aevo: 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 | −0.0096% | 8h | 774.49 | +0.077% | $415K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.71 | −0.024% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.61 | +0.092% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.03 | +0.017% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.66 | +0.098% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.63 | +0.224% | $2K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.09 | +0.025% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.81 | +0.118% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0013% | 8h | 774.54 | +0.083% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDTshort | +0.0016% | 8h | 774.69 | +0.103% | $863K | $204K | 20x |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
OKX SPY-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0023% | 8h | 774.48 | +0.075% | $18.4M | $11.9M | 100x | as long as short |
| Binance SPYUSDT | +0.0024% | 8h | 774.49 | +0.077% | $28.5M | $81.5M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.31 | +0.053% | $8.3M | $21.7M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.67 | +0.100% | $57.5M | $115.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.23 | −0.086% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.44 | −0.059% | $4.8M | $846K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0052% | 8h | 774.53 | +0.082% | $160K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.04 | +0.018% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | +0.013% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.86 | −0.005% | $2.5M | $953K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.98 | +0.011% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.46 | +0.073% | $1K | — | 20x | as long as short |
| Aevo SPY-PERPlong | +0.0104% | 1h | 773.90 | long leg | $87K | — | 10x | |
| Nado SPY-PERP | +0.0117% | 1h | 774.04 | +0.019% | $1.5M | $285K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.50 | +0.077% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0239% | 4h | 774.39 | +0.063% | $640K | $241K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.66 | +0.099% | $6.9M | $5.2M | 25x | as long as short |
MEXC SPY_USDT
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC
RISEx SPY/USDC