Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: Deribit against Binance−0.076%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.076% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPYUSDT | 774.32 | 0 | get 0.0000% / 8h | 4h 49m | $28.5M | $74.1M | 50x |
| Short | Deribit SPY_USDC-PERPETUAL | 773.73 | 0 | get 0.0000% / 1h | 49m 25s | $23K | $38K | 20x |
Binance SPYUSDT
Deribit SPY_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $0
- Price spread: −0.076% → 0.000%
- −$7.59
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$24.59
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 16 min ago; Deribit: 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 Binance live order book, 16 min ago | 0.06 bp | 5.1 bp −$5 | 5.2 bp −$52 | 10.0 bp −$1,004 | 33.3 bp −$16.7K |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 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 | 774.73 | +0.053% | $420K | $399K | 50x | as long as short |
| Arcus SPY-USD | −0.0042% | 1h | 773.48 | −0.108% | $1.0M | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.16 | −0.020% | $862K | $207K | 20x | as long as short |
| Binance SPYUSDTlong | 0.0000% | 8h | 774.32 | long leg | $28.5M | $74.1M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.17 | −0.019% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.26 | −0.007% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.25 | −0.009% | $7.1M | $3.1M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.85 | −0.060% | $794K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.31 | −0.001% | $29.5M | $13.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.21 | −0.014% | $11.1M | $1.6M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Aster 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 | 774.84 | +0.067% | $165K | $335K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.84 | +0.197% | $2K | $1.1M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUALshort | 0.0000% | 1h | 773.73 | −0.076% | $23K | $38K | 20x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.96 | +0.083% | $300K | $25K | 50x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 774.15 | −0.022% | $158K | $74K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.03 | −0.037% | $7.8M | $16.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.38 | +0.008% | $57.2M | $114.9M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0040% | 1h | 774.26 | −0.007% | $952K | $172K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.22 | −0.142% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.34 | −0.126% | $4.8M | $834K | 20x | as long as short |
| Nado SPY-PERP | +0.0056% | 1h | 774.32 | +0.001% | $1.5M | $276K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.97 | −0.045% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.21 | −0.014% | $226K | $54K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.13 | −0.024% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.63 | −0.088% | $87K | — | 10x | as long as short |
| edgeX SPYUSDC | +0.0180% | 4h | 774.53 | +0.027% | $640K | $243K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.15 | −0.021% | $10K | — | 26x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Phoenix SPY
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]