Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.016%
Price spread now: Aster against KuCoin+0.069%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.069%, 7d avg +0.058%
=Together, before fees−0.145%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SPYUSDTM | 773.63 | 0.0100 | pay 0.0100% / 8h | 4h 44m | $2.5M | $1.0M | 20x |
| Short | Aster SPYUSDT | 774.16 | 0 | get 0.0000% / 8h | 4h 44m | $862K | $207K | 20x |
KuCoin SPYUSDTM
Aster SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against KuCoin. 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
- −$21
- Price spread: +0.069% → +0.058%
- $1.03
- Slippage, 4 orders
- −$16.11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$56.08
- Costs to cover
- 0.361%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Aster: live order book, 62 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 KuCoin live order book, 6 min ago | 3.10 bp | 15.3 bp −$15 | 101.0 bp −$1,010 | doesn't fit | doesn't fit |
| Sell Aster live order book, 62 min ago | 0.45 bp | 5.6 bp −$6 | 6.3 bp −$63 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0120% | 8h | 774.15 | +0.067% | $422K | $399K | 50x | as long as short |
| Arcus SPY-USD | −0.0042% | 1h | 773.49 | −0.018% | $1.0M | $1.4M | 50x | as long as short |
| Aster SPYUSDTshort | 0.0000% | 8h | 774.16 | +0.069% | $862K | $207K | 20x | |
| Binance SPYUSDT | 0.0000% | 8h | 774.27 | +0.083% | $28.5M | $74.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.11 | +0.062% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.23 | +0.078% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.18 | +0.071% | $7.1M | $3.1M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.83 | +0.026% | $800K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.24 | +0.079% | $29.5M | $13.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.16 | +0.069% | $11.1M | $1.6M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.41 | +0.101% | $163K | $348K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.225% | $2K | $1.1M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.00 | +0.048% | $24K | $39K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.38 | +0.097% | $300K | $25K | 50x | as long as short |
| edgeX SPYUSDC | +0.0008% | 4h | 774.11 | +0.062% | $640K | $243K | 20x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 773.56 | −0.009% | $158K | $74K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.05 | +0.054% | $7.8M | $16.2M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.43 | +0.103% | $57.2M | $115.2M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0040% | 1h | 774.26 | +0.081% | $952K | $172K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.16 | −0.061% | — | $85K | 50x | as long as short |
| Nado SPY-PERP | +0.0046% | 1h | 773.95 | +0.042% | $1.5M | $276K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.33 | −0.039% | $4.8M | $832K | 20x | as long as short |
| KuCoin SPYUSDTMlong | +0.0100% | 8h | 773.63 | long leg | $2.5M | $1.0M | 20x | |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.86 | +0.030% | $226K | $54K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.14 | +0.066% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.56 | −0.008% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.28 | +0.085% | $10K | — | 26x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
edgeX SPYUSDC
Phoenix SPY
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]