Funding you earn now, next payment 00:00 UTC+0.0429%/8h= +47.0% APRpaid last 24h +0.301%
Price spread now: GMX against Aster+0.023%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and GMX is 0.023% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 774.30 | 0 | get 0.0000% / 8h | 40m 23s | $863K | $204K | 20x |
| Short | GMX SPY/USD [ETH-USDC] | 774.48 | L +0.0208% / S −0.0429% | get 0.0054% / 1h | 40m 23s | $10K | — | 26x |
Aster SPYUSDT
GMX SPY/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $90.12
- Price spread: +0.023% → 0.000%
- $2.26
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $72.38
- Costs to cover
- 0.200%
- Break-even
- 1.4 days
Slippage unknown: Aster: live order book, 37 min ago; GMX: no order-book sample. 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 Aster live order book, 37 min ago | 0.45 bp | 5.2 bp −$5 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.50 | −0.103% | $940K | $1.5M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.46 | +0.021% | $411K | $726K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.89 | −0.053% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDTlong | 0.0000% | 8h | 774.30 | long leg | $863K | $204K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.47 | +0.022% | $28.6M | $83.1M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.47 | +0.022% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.43 | +0.017% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.91 | −0.050% | $747K | $2.3M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.47 | +0.022% | $28.0M | $11.7M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.63 | +0.043% | $157K | $411K | 10x | as long as short |
Arcus SPY-USD
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
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 | 775.54 | +0.160% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.69 | +0.050% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDT | +0.0025% | 8h | 774.56 | +0.034% | $11.0M | $2.6M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.29 | −0.001% | $8.2M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.62 | +0.041% | $56.8M | $118.2M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.22 | −0.139% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.096% | $955K | $584K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.71 | −0.076% | $4.8M | $847K | 20x | as long as short |
| Nado SPY-PERP | +0.0069% | 1h | 773.98 | −0.041% | $1.5M | $301K | 20x | as long as short |
| edgeX SPYUSDC | +0.0075% | 4h | 774.43 | +0.017% | $640K | $242K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.88 | −0.054% | $2.5M | $974K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.90 | −0.052% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.54 | +0.031% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.95 | −0.045% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.65 | +0.045% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC]short | L +0.0208% / S −0.0429% | 1h | 774.48 | +0.023% | $10K | — | 26x | |
| Deribit SPY_USDC-PERPETUAL | +0.0228% | 1h | 774.28 | −0.003% | $23K | $58K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
Nado SPY-PERP
edgeX SPYUSDC
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
Deribit SPY_USDC-PERPETUAL