Funding you earn now, next payment 02:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h +0.038%
Price spread now: RISEx against Aster+0.004%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Funding, last 3 days (all we have)+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.004%, 7d avg −0.019%
=Together, before fees+0.059%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.023% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 774.28 | 0.0015 | pay 0.0015% / 8h | 6h 35m | $863K | $204K | 20x |
| Short | RISEx SPY/USDC | 774.31 | 0.0190 | get 0.0024% / 1h | 35m 34s | $7.0M | $5.2M | 25x |
Aster SPYUSDT
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $36.68
- Price spread: +0.004% → −0.019%
- $2.29
- Slippage, 4 orders
- −$6.83
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $18.14
- Costs to cover
- 0.208%
- Break-even
- 3.5 days
Slippage from Aster: live order book, 32 min ago; RISEx: live order book, 4 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, 32 min ago | 0.45 bp | 7.1 bp −$7 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 4 min ago | 0.13 bp | 3.5 bp −$3 | 3.9 bp −$39 | 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 | −0.0096% | 8h | 774.30 | +0.003% | $417K | $545K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.02 | −0.033% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.67 | −0.079% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.36 | +0.010% | $10.9M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.27 | +0.128% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.01 | −0.035% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0010% | 8h | 774.04 | −0.031% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDTlong | +0.0015% | 8h | 774.28 | long leg | $863K | $204K | 20x | |
| MEXC SPY_USDT | +0.0023% | 8h | 774.12 | −0.021% | $19.7M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0023% | 8h | 774.15 | −0.017% | $28.4M | $80.4M | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0028% | 8h | 774.36 | +0.010% | $162K | $391K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.06 | −0.028% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.36 | −0.119% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.57 | −0.092% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.96 | −0.170% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.53 | +0.032% | $57.2M | $112.8M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.39 | −0.115% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | −0.018% | $955K | $555K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.62 | −0.085% | $2.5M | $938K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.68 | −0.077% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.10 | −0.023% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.62 | −0.085% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0124% | 1h | 773.79 | −0.063% | $1.5M | $288K | 20x | as long as short |
| RISEx SPY/USDCshort | +0.0190% | 1h | 774.31 | +0.004% | $7.0M | $5.2M | 25x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.13 | −0.019% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0280% | 1h | 774.08 | −0.026% | $23K | $55K | 20x | as long as short |
| edgeX SPYUSDC | +0.0302% | 4h | 774.06 | −0.028% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
Lighter SPY
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Lighter RH SPY
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC