Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.48 per $10,000 · paid last 24h −0.045%
Price spread now: SunX against Aster+0.123%56s7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2512.513% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.123%, 7d avg +0.138%
=Together, before fees−0.041%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.138%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 56 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 | 774.29 | 0.0048 | pay 0.0048% / 8h | 4h 12m | $865K | $196K | 20x |
| Short | SunX SPY-USDT | 775.25 | 0 | get 0.0000% / 8h | 4h 12m | $2K | $1.4M | 10x |
Aster SPYUSDT
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$10.15
- Price spread: +0.123% → +0.138%
- −$1.49
- Slippage, 4 orders
- −$235.25
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$262.89
- Costs to cover
- 2.513%
- Break-even
- never at this rate
Slippage from Aster: live order book, 45 min ago; SunX: live order book, 2 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 | 0.84 bp | 6.7 bp −$7 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell SunX live order book, 2 min ago | 29.08 bp | 128.8 bp −$129 | doesn't fit | 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 | −0.0118% | 8h | 774.25 | −0.006% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0039% | 1h | 773.20 | −0.141% | $162K | $24K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | −0.004% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.25 | −0.006% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.00 | −0.038% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.40 | +0.014% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.36 | +0.008% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.62 | −0.087% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDTshort | 0.0000% | 8h | 775.25 | +0.123% | $2K | $1.4M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.81 | −0.063% | $23K | $56K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.66 | +0.047% | $308K | $20K | 50x | as long as short |
| Binance SPYUSDT | +0.0002% | 8h | 774.19 | −0.013% | $28.2M | $79.9M | 50x | as long as short |
| MEXC SPY_USDT | +0.0002% | 8h | 774.21 | −0.011% | $26.5M | $12.1M | 100x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.61 | −0.088% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.02 | −0.165% | — | $123K | 50x | as long as short |
| Aster SPYUSDTlong | +0.0048% | 8h | 774.29 | long leg | $865K | $196K | 20x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.58 | −0.092% | $4.8M | $829K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.53 | +0.030% | $56.5M | $115.4M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.032% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0073% | 1h | 773.86 | −0.056% | $1.5M | $280K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.16 | −0.017% | $8.3M | $19.7M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.81 | −0.063% | $2.5M | $978K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.17 | −0.016% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.63 | −0.086% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.34 | +0.006% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.24 | −0.008% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0684% | 4h | 774.17 | −0.016% | $640K | $243K | 20x | as long as short |
HTX SPY-USDT
Binance SPYUSDT
MEXC SPY_USDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC