Funding you earn now, next payment 03:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h −0.032%
Price spread now: Vest against Aster−0.182%7-day average −0.107% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.182%, 7d avg −0.107%
=Together, before fees+0.032%+ Points / potential airdropAster: Stage 5 · Vest: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.074% cheaper against Aster than usual: you would sell low and buy high (spread −0.182% now, against its 7-day average of −0.107%). If the spread goes back, that is −$7 on $10k: about 9.0 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SPYUSDT | 774.59 | 0.0018 | pay 0.0018% / 8h | 5h 01m | $865K | $194K | 20x |
| Short | Vest SPY-USD-PERP | 773.18 | 0.0046 | get 0.0006% / 1h | 1m 07s | — | $123K | 50x |
Aster SPYUSDT
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $5.78
- Price spread: −0.182% → −0.107%
- −$7.42
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$11.64
- Costs to cover
- 0.100%
- Break-even
- 21.1 days
Slippage unknown: Aster: live order book, 62 min ago; Vest: 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, 62 min ago | 0.84 bp | 8.3 bp −$8 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0105% | 8h | 774.43 | −0.020% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0098% | 1h | 773.48 | −0.143% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.77 | −0.105% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.56 | −0.003% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.95 | −0.082% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.56 | −0.003% | $10.9M | $1.9M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.55 | +0.124% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.67 | +0.011% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0001% | 8h | 774.38 | −0.027% | $7.9M | $3.3M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0005% | 8h | 774.55 | −0.005% | $162K | $375K | 10x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0014% | 8h | 774.43 | −0.020% | $24.0M | $12.2M | 100x | as long as short |
| Binance SPYUSDT | +0.0015% | 8h | 774.43 | −0.020% | $28.3M | $79.6M | 50x | as long as short |
| Aster SPYUSDTlong | +0.0018% | 8h | 774.59 | long leg | $865K | $194K | 20x | |
| Arcus SPY-USD | +0.0040% | 1h | 773.68 | −0.117% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.18 | −0.182% | — | $123K | 50x | |
| Nado SPY-PERP | +0.0050% | 1h | 773.99 | −0.077% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.57 | −0.131% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.069% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.38 | −0.027% | $8.3M | $21.1M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.71 | +0.016% | $56.4M | $116.5M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.59 | +0.001% | $7.0M | $5.0M | 25x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0099% | 1h | 774.15 | −0.056% | $23K | $55K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.82 | −0.099% | $2.5M | $980K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | −0.027% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.87 | −0.093% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.43 | −0.020% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0795% | 4h | 774.31 | −0.036% | $640K | $242K | 20x | as long as short |
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
RISEx SPY/USDC
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC