Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.045%
Price spread now: Aster against Gate+0.071%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.071%, 7d avg +0.035%
=Together, before fees+0.061%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aster is 0.036% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.65 | 0 | get 0.0000% / 8h | 6h 41m | $780K | $2.3M | 75x |
| Short | Aster SPYUSDT | 774.20 | 0.0016 | get 0.0016% / 8h | 6h 41m | $863K | $204K | 20x |
Gate SPY_USDT
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Gate. 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
- $3.26
- Price spread: +0.071% → +0.035%
- $3.62
- Slippage, 4 orders
- −$14.89
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$31.01
- Costs to cover
- 0.379%
- Break-even
- 73.7 days
Slippage from Gate: live order book, 1 min ago; Aster: live order book, 26 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 Gate live order book, 1 min ago | 3.30 bp | 11.1 bp −$11 | 17.9 bp −$179 | 66.6 bp −$6,664 | doesn't fit |
| Sell Aster live order book, 26 min ago | 0.45 bp | 6.5 bp −$7 | 6.9 bp −$69 | 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 | +0.084% | $417K | $545K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.02 | +0.048% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.65 | long leg | $780K | $2.3M | 75x | |
| Bitget SPYUSDT | 0.0000% | 8h | 774.33 | +0.088% | $10.9M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.40 | +0.226% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.46 | +0.105% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0013% | 8h | 774.08 | +0.056% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDTshort | +0.0016% | 8h | 774.20 | +0.071% | $863K | $204K | 20x | |
| MEXC SPY_USDT | +0.0023% | 8h | 774.17 | +0.067% | $19.7M | $11.7M | 100x | as long as short |
| Binance SPYUSDT | +0.0024% | 8h | 774.14 | +0.063% | $28.4M | $80.5M | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
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 | 774.37 | +0.093% | $162K | $391K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.03 | +0.049% | $8.3M | $21.4M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.42 | +0.100% | $57.3M | $112.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.39 | −0.034% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.86 | +0.027% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.95 | −0.090% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.40 | −0.032% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | +0.063% | $955K | $555K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.77 | +0.016% | $2.5M | $942K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.79 | +0.018% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.23 | +0.075% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.61 | −0.005% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0106% | 1h | 773.74 | +0.012% | $1.5M | $285K | 20x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.32 | +0.086% | $7.0M | $5.2M | 25x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0202% | 1h | 773.94 | +0.037% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.17 | +0.068% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0802% | 4h | 774.10 | +0.058% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
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
RISEx SPY/USDC
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC