Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.002%
Price spread now: GRVT against ApeX Omni+0.116%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$410.413% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.116%, 7d avg +0.042%
=Together, before fees−0.120%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.074% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.042%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.091% in total) that is about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 771.94 | 0.0100 | pay 0.0013% / 1h | 31m 34s | $164K | $25K | 50x |
| Short | GRVT SPY_USDT_Perp | 772.84 | 0 | get 0.0000% / 8h | 7h 31m | $159K | $330K | 10x |
ApeX Omni SPYUSDT
GRVT SPY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$21
- Price spread: +0.116% → +0.042%
- $7.36
- Slippage, 4 orders
- −$22.29
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$54.93
- Costs to cover
- 0.413%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 64 min ago; GRVT: live order book, 1 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, 64 min ago | 3.36 bp | 8.5 bp −$8 | 58.6 bp −$586 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 1.68 bp | 7.0 bp −$7 | 8.5 bp −$85 | 139.2 bp −$13.9K | 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 | −0.0120% | 8h | 772.49 | +0.071% | $417K | $439K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 771.89 | −0.006% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.29 | +0.045% | $863K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.32 | +0.049% | $28.6M | $75.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.23 | +0.038% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.24 | +0.039% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.05 | +0.014% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.30 | +0.047% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.49 | +0.071% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perpshort | 0.0000% | 8h | 772.84 | +0.116% | $159K | $330K | 10x |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 773.51 | +0.203% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.15 | +0.157% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 772.43 | +0.063% | $56.7M | $118.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 771.62 | −0.041% | $922K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.18 | −0.098% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.77 | −0.022% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.12 | +0.023% | $950K | $507K | 20x | as long as short |
| Nado SPY-PERP | +0.0083% | 1h | 771.86 | −0.010% | $1.5M | $251K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 771.94 | 0.000% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDTlong | +0.0100% | 1h | 771.94 | long leg | $164K | $25K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.35 | +0.053% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 771.80 | −0.019% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 772.29 | +0.045% | $7.9M | $17.1M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0113% | 1h | 772.03 | +0.012% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.36 | +0.054% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.47 | +0.068% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0739% | 4h | 772.42 | +0.062% | $638K | $243K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC