Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.46 per $10,000 · paid last 24h −0.020%
Price spread now: Bitget against Binance+0.023%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.249% of the position
Funding, last 7 days+0.209%+$21 on $10k
+Price spread, last 2 days (all we have)+0.020%+$2 · spread now +0.023%, 7d avg +0.020%
=The price spread sits at its 7-day average of +0.020%, 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 | Binance SPYUSDT | 773.74 | 0 | get 0.0000% / 8h | 2h 27m | $28.3M | $87.4M | 50x |
| Short | Bitget SPYUSDT | 773.92 | 0.0046 | get 0.0046% / 8h | 2h 27m | $10.8M | $3.1M | 50x |
Binance SPYUSDT
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $9.66
- Price spread: +0.023% → +0.020%
- $0.31
- Slippage, 4 orders
- −$2.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$14.93
- Costs to cover
- 0.249%
- Break-even
- 17.8 days
Slippage from Binance: live order book, just now; Bitget: live order book, 1 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, just now | 0.06 bp | 5.1 bp −$5 | 5.9 bp −$59 | 13.0 bp −$1,299 | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.06 bp | 7.7 bp −$8 | 10.1 bp −$101 | 21.6 bp −$2,164 | 35.1 bp −$17.6K |
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 | 773.74 | 0.000% | $415K | $722K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.67 | −0.008% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDTlong | 0.0000% | 8h | 773.74 | long leg | $28.3M | $87.4M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 773.77 | +0.004% | $6.2M | $2.2M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.75 | +0.001% | $7.9M | $3.6M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.20 | −0.070% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.74 | 0.000% | $24.1M | $11.9M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.82 | +0.010% | $157K | $465K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.20 | −0.070% | $161K | $296K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 774.82 | +0.140% | $2K | $1.6M | 10x | as long as short |
BloFin SPY-USDT
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.58 | −0.021% | $22K | $75K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.03 | +0.038% | $308K | $20K | 50x | as long as short |
| Nado SPY-PERP | +0.0013% | 1h | 773.46 | −0.036% | $1.5M | $313K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.65 | −0.012% | $8.8M | $22.0M | 50x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.18 | +0.057% | $56.6M | $122.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.96 | −0.101% | $949K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.78 | −0.124% | — | $123K | 50x | as long as short |
| Bitget SPYUSDTshort | +0.0046% | 8h | 773.92 | +0.023% | $10.8M | $3.1M | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.83 | −0.118% | $4.8M | $917K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 773.52 | −0.028% | $955K | $653K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.44 | −0.039% | $2.5M | $987K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.44 | −0.039% | $154K | $17K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.86 | +0.016% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.28 | −0.059% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 773.75 | +0.001% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0232% | 1h | 773.96 | +0.029% | $6.9M | $5.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0697% | 4h | 773.71 | −0.004% | $639K | $241K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Nado SPY-PERP
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
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]
RISEx SPY/USDC
edgeX SPYUSDC