Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.037%
Price spread now: Arcus against Aster−0.096%46s7-day average −0.088% · 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—prices read too far apart to compare
costs, in and out, $10k−$190.188% of the position
Funding, last 4 days (all we have)+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.096%, 7d avg −0.088%
=Together, before fees+0.028%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.088%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 46 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 | Aster SPYUSDT | 774.39 | 0 | get 0.0000% / 8h | 2h 02m | $864K | $195K | 20x |
| Short | Arcus SPY-USD | 773.65 | 0.0040 | get 0.0005% / 1h | 2m 48s | $928K | $1.4M | 50x |
Aster SPYUSDT
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Aster. 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
- $8.46
- Price spread: −0.096% → −0.088%
- −$0.8
- Slippage, 4 orders
- −$6.29
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$11.13
- Costs to cover
- 0.188%
- Break-even
- 16.2 days
Slippage from Aster: live order book, 45 min ago; Arcus: live order book, 1 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 Aster live order book, 45 min ago | 0.45 bp | 5.6 bp −$6 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 0.06 bp | 3.9 bp −$4 | 10.0 bp −$100 | 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 | 774.09 | −0.039% | $416K | $472K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 774.17 | −0.029% | $161K | $295K | 20x | as long as short |
| ApeX Omni SPYUSDT | −0.0079% | 1h | 773.48 | −0.118% | $164K | $25K | 50x | as long as short |
| Nado SPY-PERP | −0.0056% | 1h | 774.33 | −0.007% | $1.6M | $261K | 20x | as long as short |
| Aster SPYUSDTlong | 0.0000% | 8h | 774.39 | long leg | $864K | $195K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.55 | +0.020% | $28.6M | $79.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.56 | +0.022% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.52 | +0.017% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.07 | −0.042% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.54 | +0.019% | $29.7M | $12.5M | 100x | as long as short |
BloFin SPY-USDT
Phoenix SPY
ApeX Omni SPYUSDT
Nado SPY-PERP
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.73 | +0.044% | $10.9M | $1.7M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.56 | +0.021% | $169K | $350K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.68 | +0.166% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.72 | +0.042% | $300K | $38K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.73 | +0.044% | $7.0M | $4.3M | 25x | as long as short |
| Ondo Perps SPY-USD.P | +0.0020% | 1h | 773.46 | −0.120% | $4.7M | $832K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.90 | +0.066% | $56.2M | $120.3M | 50x | as long as short |
| Arcus SPY-USDshort | +0.0040% | 1h | 773.65 | −0.096% | $928K | $1.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.55 | −0.109% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.77 | −0.080% | $950K | $558K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0099% | 1h | 774.44 | +0.006% | $23K | $56K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.76 | −0.082% | $2.5M | $982K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.42 | +0.004% | $1K | — | 20x | as long as short |
| Lighter SPY | +0.0104% | 1h | 774.67 | +0.036% | $8.1M | $19.4M | 50x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.97 | −0.055% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.54 | +0.020% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0505% | 4h | 774.42 | +0.004% | $640K | $242K | 20x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
RISEx SPY/USDC
Ondo Perps SPY-USD.P
Lighter RH SPY
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Lighter SPY
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC