Funding you earn now, next payment 04:00 UTC+0.0463%/8h= +50.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.322%
Price spread now: GMX against ApeX Omni+0.107%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$14 a day on $10k at the current rate, and GMX is 0.107% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.48 | −0.0034 | get 0.0004% / 1h | 14m 40s | $163K | $24K | 50x |
| Short | GMX SPY/USD [ETH-USDC] | 774.30 | L +0.0209% / S −0.0429% | get 0.0054% / 1h | 14m 40s | $10K | — | 26x |
ApeX Omni SPYUSDT
GMX SPY/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $97.21
- Price spread: +0.107% → 0.000%
- $10.67
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $85.87
- Costs to cover
- 0.220%
- Break-even
- 0.8 days
Slippage unknown: ApeX Omni: live order book, 41 min ago; GMX: no order-book sample. 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 ApeX Omni live order book, 41 min ago | 4.01 bp | 9.1 bp −$9 | 51.9 bp −$519 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | −0.0117% | 8h | 774.30 | +0.106% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDTlong | −0.0034% | 1h | 773.48 | long leg | $163K | $24K | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | +0.101% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.39 | +0.118% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.81 | +0.043% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.43 | +0.123% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.41 | +0.120% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.73 | +0.032% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.32 | +0.238% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.87 | +0.050% | $23K | $56K | 20x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
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 | 774.66 | +0.153% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0002% | 8h | 774.29 | +0.105% | $26.8M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0002% | 8h | 774.30 | +0.105% | $28.2M | $79.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.63 | +0.019% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.10 | −0.049% | — | $123K | 50x | as long as short |
| Aster SPYUSDT | +0.0049% | 8h | 774.31 | +0.107% | $865K | $196K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.63 | +0.019% | $4.8M | $829K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.57 | +0.141% | $56.5M | $115.2M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | +0.074% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0072% | 1h | 773.94 | +0.059% | $1.5M | $280K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.28 | +0.103% | $8.3M | $19.6M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.72 | +0.031% | $2.5M | $979K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.22 | +0.096% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | +0.031% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.38 | +0.116% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC]short | L +0.0209% / S −0.0429% | 1h | 774.30 | +0.107% | $10K | — | 26x | |
| edgeX SPYUSDC | +0.0379% | 4h | 774.19 | +0.092% | $640K | $242K | 20x | as long as short |
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Aster SPYUSDT
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
edgeX SPYUSDC