Funding you earn now, next payment 01:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h −0.009%
Price spread now: Nado against Binance−0.063%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Funding, last 3 days (all we have)−0.048%−$5 on $10k
+Price spread, last 2 days (all we have)+0.063%+$6 · spread now −0.063%, 7d avg −0.048%
=Together, before fees+0.015%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$3 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 | 774.65 | 0.0013 | pay 0.0013% / 8h | 7h 53m | $28.5M | $82.0M | 50x |
| Short | Nado SPY-PERP | 774.17 | 0.0115 | get 0.0014% / 1h | 53m 20s | $1.5M | $290K | 20x |
Binance SPYUSDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $21.46
- Price spread: −0.063% → −0.048%
- −$1.5
- Slippage, 4 orders
- −$5.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$2.26
- Costs to cover
- 0.222%
- Break-even
- 7.7 days
Slippage from Binance: live order book, 4 min ago; Nado: live order book, just now.
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, 4 min ago | 0.06 bp | 5.1 bp −$5 | 5.9 bp −$59 | 10.2 bp −$1,023 | 30.0 bp −$15.0K |
| Sell Nado live order book, just now | 0.06 bp | 5.2 bp −$5 | 20.3 bp −$203 | 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 | −0.0108% | 8h | 774.65 | 0.000% | $412K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.53 | −0.145% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.54 | −0.015% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.80 | +0.019% | $6.2M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.69 | +0.005% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.23 | −0.054% | $762K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.73 | +0.139% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.012% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0012% | 8h | 774.64 | −0.001% | $28.7M | $11.4M | 100x | as long as short |
| Binance SPYUSDTlong | +0.0013% | 8h | 774.65 | long leg | $28.5M | $82.0M | 50x |
BloFin SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.37 | −0.036% | $8.2M | $21.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.82 | +0.022% | $57.1M | $112.1M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.35 | −0.168% | — | $123K | 50x | as long as short |
| Bitget SPYUSDT | +0.0050% | 8h | 774.71 | +0.008% | $11.0M | $2.4M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.66 | −0.128% | $4.8M | $847K | 20x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.96 | −0.089% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.084% | $954K | $579K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.09 | −0.072% | $2.5M | $951K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.00 | −0.084% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.61 | −0.005% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.05 | −0.078% | $87K | — | 10x | as long as short |
| Nado SPY-PERPshort | +0.0115% | 1h | 774.17 | −0.063% | $1.5M | $290K | 20x | |
| GRVT SPY_USDT_Perp | +0.0118% | 8h | 774.63 | −0.003% | $157K | $400K | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 774.40 | −0.032% | $23K | $59K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.64 | −0.001% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.70 | +0.006% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0362% | 4h | 774.49 | −0.021% | $640K | $241K | 20x | as long as short |
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Bitget SPYUSDT
Ondo Perps SPY-USD.P
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC