Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.019%
Price spread now: BloFin against Bitget−0.017%105s7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as 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−$250.252% of the position
Funding, last 7 days−0.245%−$24 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.017%, 7d avg −0.008%
=The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 105 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 | 774.31 | 0 | get 0.0000% / 8h | 3h 51m | $10.9M | $1.8M | 50x |
| Short | BloFin SPY-USDT | 774.18 | −0.0120 | pay 0.0120% / 8h | 3h 51m | $417K | $468K | 50x |
Bitget SPYUSDT
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$25.2
- Price spread: −0.017% → −0.008%
- −$0.84
- Slippage, 4 orders
- −$1.24
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$51.28
- Costs to cover
- 0.252%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 44 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 | 6.8 bp −$7 | 10.2 bp −$102 | 11.8 bp −$1,182 | 18.5 bp −$9,265 |
| Sell BloFin live order book, 44 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 8.4 bp −$838 | 16.0 bp −$7,986 |
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-USDTshort | −0.0120% | 8h | 774.18 | −0.017% | $417K | $468K | 50x | |
| Phoenix SPY | −0.0010% | 1h | 773.61 | −0.090% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.15 | −0.021% | $28.1M | $79.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.25 | −0.008% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.12 | −0.025% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.68 | −0.081% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.15 | −0.021% | $28.3M | $12.1M | 100x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 774.31 | long leg | $10.9M | $1.8M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.34 | +0.004% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.19 | +0.114% | $2K | $1.4M | 10x | as long as short |
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 773.92 | −0.050% | $308K | $20K | 50x | as long as short |
| edgeX SPYUSDC | +0.0026% | 4h | 774.04 | −0.035% | $640K | $242K | 20x | as long as short |
| Aster SPYUSDT | +0.0030% | 8h | 774.14 | −0.023% | $865K | $196K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.47 | −0.108% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.01 | −0.168% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.33 | −0.127% | $4.8M | $826K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.034% | $954K | $552K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0060% | 1h | 773.93 | −0.049% | $23K | $56K | 20x | as long as short |
| Nado SPY-PERP | +0.0067% | 1h | 773.83 | −0.062% | $1.5M | $282K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.50 | +0.025% | $56.5M | $114.2M | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0074% | 1h | 773.16 | −0.149% | $162K | $24K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.42 | −0.115% | $2.5M | $971K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.10 | −0.027% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.25 | −0.008% | $7.0M | $5.0M | 25x | as long as short |
| Lighter SPY | +0.0104% | 1h | 774.22 | −0.012% | $8.2M | $19.1M | 50x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.56 | −0.096% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.15 | −0.020% | $10K | — | 26x | as long as short |
HTX SPY-USDT
edgeX SPYUSDC
Aster SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
Nado SPY-PERP
Lighter RH SPY
ApeX Omni SPYUSDT
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Lighter SPY
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]