Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.3% APRpaid last 24h −0.024%
Price spread now: SunX against ApeX Omni+0.237%7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$260as in the Price arb table
costs, in and out, $10k−$2672.667% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.237%, 7d avg +0.173%
=The price spread pays, funding is against you. SunX is 0.063% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.237% now, against its 7-day average of +0.173%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days. At the pace of the last 7 days (−0.204% in total) that is about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.48 | 0.0040 | pay 0.0005% / 1h | 49m 11s | $164K | $25K | 50x |
| Short | SunX SPY-USDT | 775.31 | 0 | get 0.0000% / 8h | 2h 49m | $2K | $1.4M | 10x |
ApeX Omni SPYUSDT
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$8.32
- Price spread: +0.237% → +0.173%
- $6.35
- Slippage, 4 orders
- −$248.72
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$268.69
- Costs to cover
- 2.667%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 62 min ago; SunX: live order book, 5 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, 62 min ago | 9.19 bp | 14.3 bp −$14 | 61.3 bp −$613 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 29.08 bp | 128.7 bp −$129 | doesn't fit | 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 | −0.0120% | 8h | 774.19 | +0.092% | $418K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.62 | +0.018% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0024% | 1h | 773.78 | +0.039% | $1.6M | $272K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.07 | +0.076% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.14 | +0.085% | $28.2M | $79.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.95 | +0.061% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.06 | +0.075% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.62 | +0.018% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.12 | +0.083% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.28 | +0.103% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.25 | +0.100% | $170K | $362K | 10x | as long as short |
| SunX SPY-USDTshort | 0.0000% | 8h | 775.31 | +0.237% | $2K | $1.4M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.88 | +0.052% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.15 | +0.087% | $308K | $20K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.27 | +0.103% | $7.0M | $4.9M | 25x | as long as short |
| ApeX Omni SPYUSDTlong | +0.0040% | 1h | 773.48 | long leg | $164K | $25K | 50x | |
| Arcus SPY-USD | +0.0040% | 1h | 773.44 | −0.005% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.03 | −0.058% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.90 | +0.054% | $951K | $558K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.07 | −0.053% | $4.7M | $831K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.47 | +0.128% | $56.2M | $116.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.60 | +0.016% | $2.5M | $964K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.13 | +0.084% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.55 | +0.009% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0184% | 1h | 774.26 | +0.101% | $8.1M | $19.2M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.13 | +0.085% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0966% | 4h | 774.04 | +0.072% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
Lighter RH SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC