Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.020%
Price spread now: KuCoin against Aster−0.047%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$360.358% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.047%, 7d avg −0.055%
=Together, before fees+0.124%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.055%, 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 | 774.33 | 0 | get 0.0000% / 8h | 14m 11s | $863K | $204K | 20x |
| Short | KuCoin SPYUSDTM | 773.96 | 0.0100 | get 0.0100% / 8h | 14m 11s | $2.5M | $964K | 20x |
Aster SPYUSDT
KuCoin SPYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.047% → −0.055%
- $0.81
- Slippage, 4 orders
- −$15.84
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$14.04
- Costs to cover
- 0.358%
- Break-even
- 11.7 days
Slippage from Aster: live order book, 64 min ago; KuCoin: live order book, 3 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, 64 min ago | 0.45 bp | 5.2 bp −$5 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.49 bp | 12.2 bp −$12 | 103.8 bp −$1,038 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.51 | −0.105% | $941K | $1.4M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.59 | +0.034% | $413K | $571K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.98 | −0.045% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDTlong | 0.0000% | 8h | 774.33 | long leg | $863K | $204K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.59 | +0.034% | $28.6M | $82.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.44 | +0.015% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.53 | +0.026% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.89 | −0.056% | $758K | $2.3M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.58 | +0.033% | $28.0M | $11.9M | 100x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.65 | +0.171% | $2K | $1.5M | 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
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.79 | +0.060% | $308K | $20K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0012% | 8h | 774.59 | +0.034% | $157K | $411K | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0021% | 1h | 774.12 | −0.027% | $23K | $58K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.34 | +0.002% | $8.2M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.66 | +0.043% | $56.9M | $120.0M | 50x | as long as short |
| Bitget SPYUSDT | +0.0037% | 8h | 774.68 | +0.046% | $11.0M | $2.5M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.20 | −0.145% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.099% | $955K | $583K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.74 | −0.076% | $4.8M | $848K | 20x | as long as short |
| Nado SPY-PERP | +0.0086% | 1h | 773.97 | −0.046% | $1.5M | $293K | 20x | as long as short |
| KuCoin SPYUSDTMshort | +0.0100% | 8h | 773.96 | −0.047% | $2.5M | $964K | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.90 | −0.055% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.51 | +0.024% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.03 | −0.038% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.64 | +0.041% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.59 | +0.033% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0685% | 4h | 774.47 | +0.019% | $640K | $242K | 20x | as long as short |
HTX SPY-USDT
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
Nado SPY-PERP
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC