Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: Binance against Bitget−0.018%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 7 days+0.026%+$3 · spread now −0.018%, 7d avg 0.000%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 773.58 | 0 | get 0.0000% / 8h | 7h 58m | $10.9M | $1.6M | 50x |
| Short | Binance SPYUSDT | 773.44 | 0 | get 0.0000% / 8h | 7h 58m | $28.6M | $74.9M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.018% → 0.000%
- −$1.85
- Slippage, 4 orders
- −$2.04
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$25.89
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage from Bitget: live order book, just now; Binance: live order book, 14 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, just now | 0.06 bp | 7.2 bp −$7 | 9.2 bp −$92 | 13.2 bp −$1,323 | 20.1 bp −$10.1K |
| Sell Binance live order book, 14 min ago | 0.06 bp | 5.1 bp −$5 | 5.5 bp −$55 | 10.0 bp −$999 | 26.2 bp −$13.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0155% | 1h | 773.04 | −0.070% | $158K | $149K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 773.70 | +0.016% | $418K | $444K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.53 | −0.006% | $863K | $196K | 20x | as long as short |
| Binance SPYUSDTshort | 0.0000% | 8h | 773.44 | −0.018% | $28.6M | $74.9M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 773.45 | −0.017% | $6.2M | $1.6M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.52 | −0.008% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.15 | −0.056% | $793K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.49 | −0.012% | $29.7M | $11.6M | 100x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 773.58 | long leg | $10.9M | $1.6M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.90 | +0.042% | $160K | $350K | 10x | as long as short |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 774.74 | +0.150% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.04 | +0.059% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.65 | +0.009% | $56.7M | $116.5M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0035% | 1h | 773.21 | −0.048% | $23K | $54K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.86 | −0.093% | $922K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.33 | −0.162% | — | $123K | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0050% | 1h | 773.31 | −0.035% | $164K | $25K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.93 | −0.084% | $4.8M | $856K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.80 | +0.028% | $951K | $508K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.03 | −0.071% | $2.5M | $998K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.41 | −0.022% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.99 | −0.077% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 773.51 | −0.009% | $7.9M | $17.1M | 50x | as long as short |
| Nado SPY-PERP | +0.0150% | 1h | 773.03 | −0.071% | $1.5M | $252K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.43 | −0.019% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.76 | +0.024% | $7.1M | $4.0M | 25x | as long as short |
| edgeX SPYUSDC | +0.0220% | 4h | 773.65 | +0.009% | $639K | $243K | 20x | as long as short |
Bitget SPYUSDT
Binance SPYUSDT
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
ApeX Omni SPYUSDT
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Lighter SPY
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC