Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%
Price spread now: Bybit against Bitget−0.018%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$290.286% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days−0.028%−$3 · spread now −0.018%, 7d avg −0.021%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 774.42 | 0 | get 0.0000% / 8h | 4h 48m | $10.9M | $1.9M | 50x |
| Short | Bybit SPYUSDT | 774.28 | 0 | get 0.0000% / 8h | 4h 48m | $6.3M | $2.0M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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% → −0.021%
- $0.31
- Slippage, 4 orders
- −$5.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$28.31
- Costs to cover
- 0.286%
- Break-even
- never at this rate
Slippage from Bitget: live order book, just now; Bybit: live order book, 5 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 | 7.0 bp −$7 | 9.4 bp −$94 | 10.9 bp −$1,090 | 20.1 bp −$10.0K |
| Sell Bybit live order book, 5 min ago | 0.19 bp | 7.6 bp −$8 | 10.3 bp −$103 | 26.1 bp −$2,611 | 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 | −0.0103% | 8h | 774.32 | −0.013% | $419K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0002% | 1h | 773.18 | −0.160% | $162K | $24K | 50x | as long as short |
| Bybit SPYUSDTshort | 0.0000% | 8h | 774.28 | −0.018% | $6.3M | $2.0M | 100x | |
| Gate SPY_USDT | 0.0000% | 8h | 773.72 | −0.090% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 774.42 | long leg | $10.9M | $1.9M | 50x | |
| Phoenix SPY | 0.0000% | 1h | 773.89 | −0.068% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.35 | +0.120% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.75 | +0.043% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0002% | 8h | 774.22 | −0.026% | $7.9M | $3.2M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0011% | 8h | 774.49 | +0.008% | $162K | $375K | 10x | as long as short |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0016% | 8h | 774.25 | −0.022% | $24.7M | $11.6M | 100x | as long as short |
| Binance SPYUSDT | +0.0017% | 8h | 774.26 | −0.021% | $28.2M | $79.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.63 | −0.102% | $931K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | +0.0041% | 8h | 774.69 | +0.035% | $865K | $195K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.03 | −0.179% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.36 | −0.137% | $4.8M | $841K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.048% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0072% | 1h | 774.22 | −0.026% | $8.3M | $19.5M | 50x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.51 | +0.012% | $56.4M | $112.8M | 50x | as long as short |
| Nado SPY-PERP | +0.0090% | 1h | 773.80 | −0.081% | $1.5M | $285K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.72 | −0.090% | $2.5M | $979K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.32 | −0.013% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.69 | −0.094% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.40 | −0.003% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.27 | −0.019% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0293% | 1h | 774.13 | −0.037% | $23K | $56K | 20x | as long as short |
| edgeX SPYUSDC | +0.0809% | 4h | 774.23 | −0.025% | $640K | $242K | 20x | as long as short |
Bitget SPYUSDT
Bybit SPYUSDT
BloFin SPY-USDT
ApeX Omni SPYUSDT
Gate SPY_USDT
Phoenix SPY
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
GRVT SPY_USDT_Perp
MEXC SPY_USDT
Binance SPYUSDT
Aster SPYUSDT
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
KuCoin SPYUSDTM
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC