Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%
Price spread now: Aster against Bybit−0.015%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.015%, 7d avg +0.026%
=Together, before fees+0.153%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.041% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPYUSDT | 774.78 | 0 | get 0.0000% / 8h | 5h 47m | $6.2M | $1.5M | 100x |
| Short | Aster SPYUSDT | 774.66 | 0 | get 0.0000% / 8h | 5h 47m | $863K | $200K | 20x |
Bybit SPYUSDT
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. 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
- $0
- Price spread: −0.015% → +0.026%
- −$4.11
- Slippage, 4 orders
- −$4.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$27.99
- Costs to cover
- 0.239%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Aster: live order book, 63 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 Bybit live order book, 3 min ago | 0.06 bp | 6.9 bp −$7 | 9.8 bp −$98 | 34.9 bp −$3,491 | doesn't fit |
| Sell Aster live order book, 63 min ago | 0.45 bp | 5.0 bp −$5 | 7.9 bp −$79 | doesn't fit | doesn't fit |
SPY on 27 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0556% | 1h | 773.49 | −0.166% | $174K | $27K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.86 | +0.010% | $417K | $422K | 50x | as long as short |
| Nado SPY-PERP | −0.0006% | 1h | 774.42 | −0.047% | $1.5M | $282K | 20x | as long as short |
| Aster SPYUSDTshort | 0.0000% | 8h | 774.66 | −0.015% | $863K | $200K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.71 | −0.009% | $28.5M | $75.8M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 774.78 | long leg | $6.2M | $1.5M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.80 | +0.003% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.77 | −0.002% | $7.1M | $3.3M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.20 | −0.075% | $790K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.71 | −0.009% | $29.2M | $13.3M | 100x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Nado SPY-PERP
Binance SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.82 | +0.005% | $11.1M | $1.6M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.88 | +0.013% | $161K | $336K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 774.35 | −0.055% | $158K | $74K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.92 | +0.147% | $2K | $1.2M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | −0.006% | $300K | $38K | 50x | as long as short |
| Arcus SPY-USD | +0.0015% | 1h | 773.82 | −0.124% | $980K | $1.4M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0021% | 1h | 774.58 | −0.026% | $23K | $39K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.50 | −0.036% | $7.8M | $16.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.81 | +0.004% | $56.8M | $114.7M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.65 | −0.146% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 774.01 | −0.099% | $4.8M | $845K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.22 | −0.072% | $952K | $171K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.19 | −0.076% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.73 | −0.006% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.20 | −0.075% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.82 | +0.005% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0237% | 4h | 774.70 | −0.010% | $640K | $243K | 20x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
HTX SPY-USDT
Arcus SPY-USD
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC