Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.023%
Price spread now: Arcus against Aevo−0.047%7-day average — · 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)—no history yet
+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 −$2 a day on $10k at the current rate, and Arcus is 0.047% cheaper against Aevo than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo SPY-PERP | 773.78 | 0.0104 | pay 0.0013% / 1h | 19m 49s | $87K | — | 10x |
| Short | Arcus SPY-USD | 773.42 | 0.0040 | get 0.0005% / 1h | 19m 49s | $935K | $1.4M | 50x |
Aevo SPY-PERP
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- −$13.38
- Price spread: −0.047% → 0.000%
- −$4.65
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$38.53
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Arcus: live order book, 4 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 Arcus live order book, 4 min ago | 0.19 bp | 4.4 bp −$4 | 9.0 bp −$90 | 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 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SPYUSDT | 0.0000% | 8h | 774.25 | +0.061% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.36 | +0.075% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.99 | +0.027% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.55 | +0.100% | $10.9M | $2.1M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.37 | +0.076% | $162K | $379K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.50 | +0.222% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.49 | +0.092% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0007% | 8h | 774.51 | +0.095% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | +0.0017% | 8h | 774.38 | +0.078% | $28.3M | $80.4M | 50x | as long as short |
| MEXC SPY_USDT | +0.0017% | 8h | 774.37 | +0.076% | $20.4M | $12.0M | 100x | as long as short |
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
MEXC SPY_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.26 | +0.062% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USDshort | +0.0040% | 1h | 773.42 | −0.047% | $935K | $1.4M | 50x | |
| Phoenix SPY | +0.0041% | 1h | 773.67 | −0.014% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | −0.066% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.60 | −0.023% | $4.8M | $841K | 20x | as long as short |
| Lighter RH SPY | +0.0056% | 1h | 774.84 | +0.137% | $56.9M | $114.1M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0073% | 1h | 774.22 | +0.057% | $23K | $55K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 773.74 | −0.005% | $954K | $556K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.68 | −0.013% | $2.5M | $939K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.91 | +0.017% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.31 | +0.069% | $1K | — | 20x | as long as short |
| Aevo SPY-PERPlong | +0.0104% | 1h | 773.78 | long leg | $87K | — | 10x | |
| Nado SPY-PERP | +0.0106% | 1h | 774.09 | +0.040% | $1.5M | $288K | 20x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.50 | +0.094% | $7.0M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.38 | +0.077% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0833% | 4h | 774.15 | +0.048% | $640K | $241K | 20x | as long as short |
Lighter SPY
Phoenix SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Nado SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC