Funding you earn now, next payment 00:00 UTC−0.0286%/8h= −31.3% APRpaid last 24h −0.009%
Price spread now: Arcus against Bitget−0.127%7-day average −0.118% · 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−$26as in the Price arb table
costs, in and out, $10k−$250.249% of the position
Funding, last 3 days (all we have)+0.061%+$6 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.127%, 7d avg −0.118%
=The price spread sits at its 7-day average of −0.118%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.061%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.061% in total (about 6.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 774.31 | 0.0020 | pay 0.0020% / 8h | 51m 05s | $11.0M | $2.6M | 50x |
| Short | Arcus SPY-USD | 773.33 | −0.0266 | pay 0.0033% / 1h | 51m 05s | $939K | $1.4M | 50x |
Bitget SPYUSDT
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- −$59.96
- Price spread: −0.127% → −0.118%
- −$0.83
- Slippage, 4 orders
- −$8.41
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$85.7
- Costs to cover
- 0.249%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Arcus: live order book, 3 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, 2 min ago | 0.06 bp | 6.6 bp −$7 | 8.1 bp −$81 | 11.5 bp −$1,145 | doesn't fit |
| Sell Arcus live order book, 3 min ago | 0.06 bp | 5.2 bp −$5 | 16.5 bp −$165 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USDshort | −0.0266% | 1h | 773.33 | −0.127% | $939K | $1.4M | 50x | |
| BloFin SPY-USDT | −0.0120% | 8h | 774.40 | +0.012% | $370K | $726K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.80 | −0.066% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | −0.001% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.44 | +0.017% | $28.6M | $83.1M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.30 | −0.001% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.43 | +0.015% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.96 | −0.045% | $747K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.43 | +0.015% | $27.3M | $11.6M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.66 | +0.045% | $157K | $419K | 10x | as long as short |
BloFin SPY-USDT
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 | 775.48 | +0.151% | $1K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.63 | +0.041% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDTlong | +0.0020% | 8h | 774.31 | long leg | $11.0M | $2.6M | 50x | |
| Deribit SPY_USDC-PERPETUAL | +0.0021% | 1h | 774.07 | −0.031% | $23K | $58K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.15 | −0.021% | $8.5M | $21.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.59 | +0.036% | $57.1M | $117.0M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.16 | −0.149% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.097% | $955K | $584K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.63 | −0.088% | $4.8M | $886K | 20x | as long as short |
| Nado SPY-PERP | +0.0086% | 1h | 773.93 | −0.049% | $1.5M | $302K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.84 | −0.061% | $2.5M | $976K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.91 | −0.052% | $158K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.008% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.85 | −0.059% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.53 | +0.028% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.43 | +0.016% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0321% | 4h | 774.30 | −0.001% | $640K | $240K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC