Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.008%
Price spread now: SunX against Arcus+0.236%7-day average +0.227% · 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−$245as in the Price arb table
costs, in and out, $10k−$2462.462% of the position
Funding, last 4 days (all we have)−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.236%, 7d avg +0.227%
=The price spread sits at its 7-day average of +0.227%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SPY-USD | 771.36 | 0.0040 | pay 0.0005% / 1h | 26m 03s | $923K | $1.3M | 50x |
| Short | SunX SPY-USDT | 773.18 | 0 | get 0.0000% / 8h | 7h 26m | $2K | $1.3M | 10x |
Arcus SPY-USD
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$8.46
- Price spread: +0.236% → +0.227%
- $0.93
- Slippage, 4 orders
- −$233.69
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$253.72
- Costs to cover
- 2.462%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 3 min ago; SunX: live order book, 8 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, 3 min ago | 0.26 bp | 2.6 bp −$3 | 2.6 bp −$26 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 29.08 bp | 128.9 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 | 772.15 | +0.102% | $417K | $436K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 771.58 | +0.029% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.06 | +0.091% | $863K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.05 | +0.090% | $28.6M | $75.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 771.97 | +0.079% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.01 | +0.084% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 771.84 | +0.062% | $790K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.02 | +0.086% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.22 | +0.111% | $10.9M | $1.6M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 772.56 | +0.156% | $159K | $330K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDTshort | 0.0000% | 8h | 773.18 | +0.236% | $2K | $1.3M | 10x | |
| HTX SPY-USDT | 0.0000% | 8h | 771.76 | +0.052% | $299K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 772.20 | +0.109% | $56.7M | $119.3M | 50x | as long as short |
| Arcus SPY-USDlong | +0.0040% | 1h | 771.36 | long leg | $923K | $1.3M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.04 | −0.041% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.35 | −0.001% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 771.85 | +0.064% | $950K | $507K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0087% | 1h | 771.82 | +0.060% | $23K | $55K | 20x | as long as short |
| Nado SPY-PERP | +0.0092% | 1h | 771.75 | +0.051% | $1.5M | $252K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 771.63 | +0.035% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 771.86 | +0.065% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.09 | +0.095% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 771.49 | +0.017% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 772.03 | +0.087% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.07 | +0.091% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.22 | +0.112% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0861% | 4h | 772.20 | +0.109% | $638K | $243K | 20x | as long as short |
HTX SPY-USDT
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC