Funding you earn now, next payment 08:00 UTC−0.0114%/8h= −12.5% APRnext payment −$1.14 per $10,000 · paid last 24h −0.039%
Price spread now: BloFin against Aster−0.007%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.007%, 7d avg −0.001%
=Together, before fees−0.178%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 774.43 | 0.0006 | pay 0.0006% / 8h | 5h 26m | $863K | $203K | 20x |
| Short | BloFin SPY-USDT | 774.38 | −0.0108 | pay 0.0108% / 8h | 5h 26m | $418K | $468K | 50x |
Aster SPYUSDT
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$23.94
- Price spread: −0.007% → −0.001%
- −$0.58
- Slippage, 4 orders
- −$7.36
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$51.87
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from Aster: live order book, 36 min ago; BloFin: live order book, 14 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, 36 min ago | 0.84 bp | 8.3 bp −$8 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 14 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 8.2 bp −$817 | 15.0 bp −$7,523 |
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-USDTshort | −0.0108% | 8h | 774.38 | −0.007% | $418K | $468K | 50x | |
| ApeX Omni SPYUSDT | −0.0079% | 1h | 773.19 | −0.161% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 774.06 | −0.048% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.43 | −0.001% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.40 | −0.004% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.85 | −0.075% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.53 | +0.012% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | −0.001% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.48 | +0.135% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.69 | +0.033% | $308K | $20K | 50x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDTlong | +0.0006% | 8h | 774.43 | long leg | $863K | $203K | 20x | |
| MEXC SPY_USDT | +0.0011% | 8h | 774.37 | −0.008% | $23.3M | $11.9M | 100x | as long as short |
| Binance SPYUSDT | +0.0012% | 8h | 774.37 | −0.008% | $28.3M | $79.7M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0021% | 1h | 773.98 | −0.059% | $23K | $55K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.52 | −0.118% | $930K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.12 | −0.170% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0047% | 1h | 773.88 | −0.071% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.58 | −0.110% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.050% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.26 | −0.022% | $8.3M | $21.0M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.61 | +0.023% | $56.4M | $114.5M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.52 | +0.011% | $6.9M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.77 | −0.086% | $2.5M | $977K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.26 | −0.022% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.75 | −0.089% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.38 | −0.008% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0727% | 4h | 774.31 | −0.016% | $640K | $243K | 20x | as long as short |
MEXC SPY_USDT
Binance SPYUSDT
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC