Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.017%
Price spread now: Binance against ApeX Omni+0.138%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$410.406% of the position
Funding, last 7 days−0.366%−$37 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.138%, 7d avg +0.030%
=The price spread pays, funding is against you. Binance is 0.109% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.030%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.366% in total) that is about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.21 | 0.0032 | pay 0.0004% / 1h | 27m 08s | $162K | $24K | 50x |
| Short | Binance SPYUSDT | 774.28 | 0 | get 0.0000% / 8h | 3h 27m | $28.1M | $79.5M | 50x |
ApeX Omni SPYUSDT
Binance SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against ApeX Omni. 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
- −$6.72
- Price spread: +0.138% → +0.030%
- $10.86
- Slippage, 4 orders
- −$20.62
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$36.48
- Costs to cover
- 0.406%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 24 min ago; Binance: live order book, 15 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 ApeX Omni live order book, 24 min ago | 9.19 bp | 14.3 bp −$14 | 61.3 bp −$613 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.06 bp | 5.1 bp −$5 | 5.4 bp −$54 | 10.1 bp −$1,007 | 27.7 bp −$13.8K |
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 | −0.0120% | 8h | 774.27 | +0.137% | $417K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.70 | +0.063% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDTshort | 0.0000% | 8h | 774.28 | +0.138% | $28.1M | $79.5M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.22 | +0.131% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.19 | +0.127% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.86 | +0.084% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.28 | +0.138% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.40 | +0.154% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.24 | +0.133% | $159K | $381K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.279% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.49 | +0.166% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0007% | 8h | 774.11 | +0.116% | $864K | $194K | 20x | as long as short |
| Nado SPY-PERP | +0.0029% | 1h | 774.07 | +0.111% | $1.5M | $277K | 20x | as long as short |
| ApeX Omni SPYUSDTlong | +0.0032% | 1h | 773.21 | long leg | $162K | $24K | 50x | |
| Lighter RH SPY | +0.0040% | 1h | 774.67 | +0.189% | $56.4M | $117.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | +0.032% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.23 | +0.003% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.10 | −0.014% | $4.7M | $840K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | +0.069% | $950K | $556K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0060% | 1h | 774.13 | +0.119% | $23K | $56K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 774.34 | +0.146% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.52 | +0.040% | $2.5M | $982K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | +0.123% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.46 | +0.162% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.68 | +0.061% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.28 | +0.139% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0606% | 4h | 774.08 | +0.113% | $640K | $243K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC