Funding you earn now, next payment 02:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.029%
Price spread now: Vest against Binance−0.152%7-day average −0.103% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.002%$0 on $10k
+Price spread, last 2 days (all we have)+0.140%+$14 · spread now −0.152%, 7d avg −0.103%
=Together, before fees+0.142%+ Points / potential airdropVest: Active · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.049% cheaper against Binance than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of −0.103%). If the spread goes back, that is −$5 on $10k: about 7.4 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.002% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPYUSDT | 774.17 | 0.0024 | pay 0.0024% / 8h | 6h 41m | $28.4M | $80.5M | 50x |
| Short | Vest SPY-USD-PERP | 772.99 | 0.0046 | get 0.0006% / 1h | 41m 31s | — | $123K | 50x |
Binance SPYUSDT
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $4.64
- Price spread: −0.152% → −0.103%
- −$4.93
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$12.29
- Costs to cover
- 0.120%
- Break-even
- 25.5 days
Slippage unknown: Binance: live order book, 1 min ago; Vest: 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, 1 min ago | 0.06 bp | 5.1 bp −$5 | 5.1 bp −$51 | 9.6 bp −$958 | 28.2 bp −$14.1K |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 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 | −0.0096% | 8h | 774.30 | +0.017% | $417K | $545K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.02 | −0.019% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.65 | −0.067% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.33 | +0.021% | $10.9M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.40 | +0.159% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.46 | +0.037% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0013% | 8h | 774.08 | −0.012% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0016% | 8h | 774.21 | +0.005% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0023% | 8h | 774.18 | +0.001% | $19.7M | $11.7M | 100x | as long as short |
| Binance SPYUSDTlong | +0.0024% | 8h | 774.17 | long leg | $28.4M | $80.5M | 50x |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0028% | 8h | 774.37 | +0.026% | $162K | $391K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.03 | −0.018% | $8.3M | $21.4M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.42 | +0.032% | $57.3M | $112.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.39 | −0.101% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.57 | −0.078% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 772.99 | −0.152% | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.40 | −0.099% | $4.8M | $842K | 20x | as long as short |
| edgeX SPYUSDC | +0.0086% | 4h | 774.14 | −0.005% | $640K | $240K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | −0.004% | $955K | $555K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.77 | −0.052% | $2.5M | $942K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.79 | −0.049% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.23 | +0.008% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.61 | −0.072% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0110% | 1h | 773.73 | −0.057% | $1.5M | $285K | 20x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.32 | +0.019% | $7.0M | $5.2M | 25x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0202% | 1h | 773.94 | −0.030% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.17 | +0.001% | $10K | — | 26x | as long as short |
GRVT SPY_USDT_Perp
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Phoenix SPY
Ondo Perps SPY-USD.P
edgeX SPYUSDC
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
RISEx SPY/USDC
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]