Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.003%
Price spread now: ApeX Omni against Binance−0.062%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$440.438% of the position
Funding, last 7 days+0.361%+$36 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.062%, 7d avg −0.034%
=Funding pays, the price is against you. ApeX Omni is 0.028% cheaper against Binance than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.034%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPYUSDT | 773.77 | 0 | get 0.0000% / 8h | 6h 17m | $28.6M | $75.7M | 50x |
| Short | ApeX Omni SPYUSDT | 773.29 | 0.0100 | get 0.0013% / 1h | 17m 31s | $164K | $24K | 50x |
Binance SPYUSDT
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Binance. 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: −0.062% → −0.034%
- −$2.78
- Slippage, 4 orders
- −$23.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$25.55
- Costs to cover
- 0.438%
- Break-even
- 15.5 days
Slippage from Binance: live order book, 3 min ago; ApeX Omni: live order book, 31 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 Binance live order book, 3 min ago | 0.06 bp | 5.1 bp −$5 | 5.1 bp −$51 | 9.4 bp −$944 | 30.9 bp −$15.5K |
| Sell ApeX Omni live order book, 31 min ago | 1.36 bp | 27.2 bp −$27 | 103.8 bp −$1,038 | doesn't fit | 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-USDT | −0.0120% | 8h | 773.68 | −0.012% | $416K | $413K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.63 | −0.018% | $861K | $200K | 20x | as long as short |
| Binance SPYUSDTlong | 0.0000% | 8h | 773.77 | long leg | $28.6M | $75.7M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 773.71 | −0.008% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.83 | +0.008% | $7.8M | $3.0M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.32 | −0.058% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.79 | +0.003% | $19.1M | $12.1M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.92 | +0.019% | $11.0M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.80 | +0.004% | $167K | $332K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 774.85 | +0.140% | $2K | $1.2M | 10x | as long as short |
BloFin SPY-USDT
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 773.68 | −0.012% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0010% | 1h | 773.47 | −0.038% | $1.5M | $265K | 20x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 773.11 | −0.085% | $158K | $150K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.63 | −0.018% | $7.8M | $17.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.91 | +0.018% | $56.9M | $117.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.83 | −0.121% | $975K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.66 | −0.143% | — | $85K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 773.54 | −0.030% | $23K | $39K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.73 | −0.134% | $4.8M | $845K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.37 | −0.052% | $951K | $199K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.13 | −0.083% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDTshort | +0.0100% | 1h | 773.29 | −0.062% | $164K | $24K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.64 | −0.017% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.12 | −0.084% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 773.73 | −0.006% | $7.1M | $3.4M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.68 | −0.011% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0934% | 4h | 773.52 | −0.032% | $639K | $243K | 20x | as long as short |
HTX SPY-USDT
Nado SPY-PERP
Phoenix SPY
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC