Funding you earn now, next payment 07:00 UTC+0.0263%/8h= +28.8% APRnext payment +$0.33 per $10,000 · paid last 24h −0.008%
Price spread now: Vest against ApeX Omni−0.012%7-day average −0.072% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.012%, 7d avg −0.072%
=Together, before fees−0.099%+ Points / potential airdropVest: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Vest is 0.061% dearer against ApeX Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.072%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.048% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.48 | −0.0217 | get 0.0027% / 1h | 24m 56s | $164K | $25K | 50x |
| Short | Vest SPY-USD-PERP | 773.39 | 0.0046 | get 0.0006% / 1h | 24m 56s | — | $123K | 50x |
ApeX Omni SPYUSDT
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $55.17
- Price spread: −0.012% → −0.072%
- $6.07
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $49.24
- Costs to cover
- 0.120%
- Break-even
- 0.8 days
Slippage unknown: ApeX Omni: live order book, 16 min ago; Vest: 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, 16 min ago | 2.52 bp | 7.7 bp −$8 | 53.4 bp −$534 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDTlong | −0.0217% | 1h | 773.48 | long leg | $164K | $25K | 50x | |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | +0.080% | $419K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.79 | +0.040% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0027% | 1h | 773.40 | −0.010% | $4.8M | $870K | 20x | as long as short |
| Nado SPY-PERP | −0.0011% | 1h | 774.10 | +0.080% | $1.6M | $254K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.27 | +0.102% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.33 | +0.109% | $28.7M | $78.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.07 | +0.076% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.19 | +0.092% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.82 | +0.044% | $770K | $2.5M | 75x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Ondo Perps SPY-USD.P
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.34 | +0.111% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | +0.131% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | +0.123% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.45 | +0.255% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.93 | +0.058% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.48 | +0.129% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.42 | +0.122% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.66 | +0.153% | $56.2M | $119.2M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | +0.057% | $950K | $555K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.54 | +0.008% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.62 | +0.147% | $7.1M | $4.2M | 25x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.39 | −0.012% | — | $123K | 50x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.49 | +0.001% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.24 | +0.098% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.82 | +0.044% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.36 | +0.113% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0616% | 4h | 774.22 | +0.096% | $640K | $241K | 20x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC