Funding you earn now, next payment 03:00 UTC−0.0194%/8h= −21.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.001%
Price spread now: ApeX Omni against Aevo−0.132%70s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.132% cheaper against Aevo than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo SPY-PERP | 773.91 | 0.0104 | pay 0.0013% / 1h | 8m 03s | $87K | — | 10x |
| Short | ApeX Omni SPYUSDT | 772.89 | −0.0090 | pay 0.0011% / 1h | 8m 03s | $162K | $24K | 50x |
Aevo SPY-PERP
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Aevo. 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
- −$40.77
- Price spread: −0.132% → 0.000%
- −$13.17
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$79.95
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; ApeX Omni: live order book, 53 min ago. 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 Aevo no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 53 min ago | 1.68 bp | 17.8 bp −$18 | 79.8 bp −$798 | doesn't fit | doesn't fit |
Aevo: 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 | −0.0107% | 8h | 774.50 | +0.076% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDTshort | −0.0090% | 1h | 772.89 | −0.132% | $162K | $24K | 50x | |
| Phoenix SPY | −0.0021% | 1h | 773.86 | −0.006% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.64 | +0.094% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.94 | +0.004% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.61 | +0.091% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.56 | +0.084% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.62 | +0.221% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.99 | +0.010% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.71 | +0.103% | $308K | $20K | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.54 | +0.081% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0012% | 8h | 774.47 | +0.072% | $863K | $194K | 20x | as long as short |
| MEXC SPY_USDT | +0.0013% | 8h | 774.48 | +0.074% | $24.0M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0014% | 8h | 774.45 | +0.070% | $28.3M | $79.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.66 | −0.032% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.090% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0050% | 1h | 774.01 | +0.012% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.56 | −0.045% | $4.8M | $842K | 20x | as long as short |
| Lighter SPY | +0.0056% | 1h | 774.39 | +0.062% | $8.3M | $21.1M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.018% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.72 | +0.105% | $56.4M | $115.5M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.61 | +0.090% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.79 | −0.015% | $2.5M | $980K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | +0.061% | $1K | — | 20x | as long as short |
| Aevo SPY-PERPlong | +0.0104% | 1h | 773.91 | long leg | $87K | — | 10x | |
| edgeX SPYUSDC | +0.0185% | 4h | 774.35 | +0.057% | $640K | $241K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.50 | +0.077% | $10K | — | 26x | as long as short |
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Lighter SPY
Coinbase International SPY-PERP-INTX
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]