Funding you earn now, next payment 03:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h −0.030%
Price spread now: Gate against ApeX Omni+0.136%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.136%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.138% dearer against ApeX Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.002%. Mind the row above: over the last 7 days funding on this pair cost −0.210%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 772.89 | −0.0090 | get 0.0011% / 1h | 10m 50s | $162K | $24K | 50x |
| Short | Gate SPY_USDT | 773.94 | 0 | get 0.0000% / 8h | 5h 10m | $776K | $2.4M | 75x |
ApeX Omni SPYUSDT
Gate SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $18.93
- Price spread: +0.136% → −0.002%
- $13.83
- Slippage, 4 orders
- −$42.13
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$34.37
- Costs to cover
- 0.671%
- Break-even
- 19.7 days
Slippage from ApeX Omni: live order book, 50 min ago; Gate: live order book, 2 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, 50 min ago | 1.68 bp | 25.9 bp −$26 | 113.8 bp −$1,138 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.71 bp | 12.0 bp −$12 | 14.3 bp −$143 | 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 | −0.0107% | 8h | 774.50 | +0.208% | $419K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDTlong | −0.0090% | 1h | 772.89 | long leg | $162K | $24K | 50x | |
| Phoenix SPY | −0.0021% | 1h | 773.85 | +0.124% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.66 | +0.229% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.55 | +0.215% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDTshort | 0.0000% | 8h | 773.94 | +0.136% | $776K | $2.4M | 75x | |
| Bitget SPYUSDT | 0.0000% | 8h | 774.63 | +0.225% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.47 | +0.205% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.61 | +0.352% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.01 | +0.145% | $23K | $55K | 20x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.239% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0011% | 8h | 774.42 | +0.198% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0012% | 8h | 774.50 | +0.208% | $24.0M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0013% | 8h | 774.50 | +0.208% | $28.3M | $79.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.65 | +0.098% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.18 | +0.038% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0050% | 1h | 773.98 | +0.141% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.56 | +0.087% | $4.8M | $842K | 20x | as long as short |
| Lighter SPY | +0.0056% | 1h | 774.36 | +0.190% | $8.3M | $21.1M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.150% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.72 | +0.237% | $56.4M | $115.3M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.62 | +0.224% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.84 | +0.123% | $2.5M | $980K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.191% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.88 | +0.128% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.50 | +0.209% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0662% | 4h | 774.35 | +0.189% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
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
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC