Funding you earn now, next payment 23:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.008%
Price spread now: ApeX Omni against Bitget−0.048%113s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$550.549% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 3 days (all we have)+0.005%+$1 · spread now −0.048%, 7d avg −0.036%
=The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 774.28 | 0.0026 | pay 0.0026% / 8h | 1h 25m | $11.0M | $2.8M | 50x |
| Short | ApeX Omni SPYUSDT | 773.91 | 0.0100 | get 0.0013% / 1h | 25m 38s | $154K | $20K | 50x |
Bitget SPYUSDT
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bitget. 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
- $15.54
- Price spread: −0.048% → −0.036%
- −$1.15
- Slippage, 4 orders
- −$32.91
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$40.53
- Costs to cover
- 0.549%
- Break-even
- 25.3 days
Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 55 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 Bitget live order book, 3 min ago | 0.06 bp | 6.9 bp −$7 | 9.9 bp −$99 | 14.0 bp −$1,397 | doesn't fit |
| Sell ApeX Omni live order book, 55 min ago | 2.46 bp | 20.3 bp −$20 | 91.0 bp −$910 | 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 | −0.0120% | 8h | 774.20 | −0.010% | $413K | $731K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.16 | −0.145% | $945K | $1.4M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.76 | −0.067% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.08 | −0.026% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.17 | −0.014% | $28.2M | $83.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.29 | +0.001% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.24 | −0.005% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.67 | −0.079% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.15 | −0.017% | $26.0M | $12.3M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.23 | −0.006% | $157K | $430K | 10x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.23 | +0.123% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.55 | +0.035% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDTlong | +0.0026% | 8h | 774.28 | long leg | $11.0M | $2.8M | 50x | |
| Lighter SPY | +0.0032% | 1h | 774.10 | −0.023% | $8.6M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.53 | +0.032% | $56.8M | $121.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.09 | −0.154% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.37 | −0.118% | $4.8M | $920K | 20x | as long as short |
| Nado SPY-PERP | +0.0051% | 1h | 773.87 | −0.053% | $1.5M | $306K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.56 | −0.093% | $955K | $636K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0073% | 1h | 774.03 | −0.032% | $23K | $75K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.60 | −0.088% | $2.5M | $983K | 20x | as long as short |
| ApeX Omni SPYUSDTshort | +0.0100% | 1h | 773.91 | −0.048% | $154K | $20K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.08 | −0.026% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.66 | −0.080% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.35 | +0.009% | $6.9M | $5.3M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.16 | −0.015% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0645% | 4h | 774.07 | −0.027% | $640K | $240K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC