Funding you earn now, next payment 11:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.031%
Price spread now: BloFin against Arcus+0.121%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 4 days (all we have)−0.174%−$17 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.121%, 7d avg +0.086%
=The price spread pays, funding is against you. BloFin is 0.036% dearer against Arcus than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.086%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SPY-USD | 773.91 | 0.0015 | pay 0.0002% / 1h | 54m 56s | $980K | $1.4M | 50x |
| Short | BloFin SPY-USDT | 774.85 | −0.0120 | pay 0.0120% / 8h | 5h 54m | $416K | $419K | 50x |
Arcus SPY-USD
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Arcus. 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
- −$28.44
- Price spread: +0.121% → +0.086%
- $3.57
- Slippage, 4 orders
- −$5.54
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$46.92
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 2 min ago; BloFin: live order book, 53 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 Arcus live order book, 2 min ago | 0.13 bp | 2.6 bp −$3 | 2.6 bp −$26 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 53 min ago | 0.06 bp | 6.2 bp −$6 | 6.3 bp −$63 | 8.1 bp −$814 | doesn't fit |
SPY on 27 exchanges
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-USDTshort | −0.0120% | 8h | 774.85 | +0.121% | $416K | $419K | 50x | |
| Nado SPY-PERP | −0.0040% | 1h | 774.52 | +0.079% | $1.5M | $270K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.66 | +0.097% | $863K | $200K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.85 | +0.121% | $28.5M | $75.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.73 | +0.106% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.77 | +0.111% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.68 | +0.099% | $7.1M | $3.3M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.34 | +0.056% | $790K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.84 | +0.120% | $29.2M | $13.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.63 | +0.093% | $11.1M | $1.6M | 50x | as long as short |
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.65 | +0.096% | $161K | $346K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.97 | +0.266% | $2K | $1.2M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.50 | +0.076% | $23K | $39K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.99 | +0.140% | $300K | $38K | 50x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 774.14 | +0.030% | $158K | $74K | 20x | as long as short |
| Arcus SPY-USDlong | +0.0015% | 1h | 773.91 | long leg | $980K | $1.4M | 50x | |
| Lighter SPY | +0.0032% | 1h | 774.66 | +0.097% | $7.8M | $16.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.95 | +0.134% | $56.9M | $114.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.65 | −0.034% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.83 | −0.010% | $4.8M | $845K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.22 | +0.040% | $952K | $171K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.25 | +0.044% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.48 | −0.056% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.68 | +0.099% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.18 | +0.035% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.86 | +0.122% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0783% | 4h | 774.39 | +0.062% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Phoenix SPY
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC