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: Gate against Bitget−0.083%7-day average −0.028% · 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−$41as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days+0.075%+$7 · spread now −0.083%, 7d avg −0.028%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.054% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 774.56 | 0 | get 0.0000% / 8h | 7h 14m | $11.0M | $2.2M | 50x |
| Short | Gate SPY_USDT | 773.92 | 0 | get 0.0000% / 8h | 7h 14m | $780K | $2.3M | 75x |
Bitget SPYUSDT
Gate SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.083% → −0.028%
- −$5.45
- Slippage, 4 orders
- −$8.35
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$40.8
- Costs to cover
- 0.353%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Gate: 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, 4 min ago | 0.06 bp | 6.6 bp −$7 | 8.5 bp −$85 | 9.6 bp −$964 | 15.4 bp −$7,699 |
| Sell Gate live order book, 3 min ago | 2.20 bp | 11.8 bp −$12 | 15.4 bp −$154 | 60.1 bp −$6,010 | 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 | −0.0100% | 8h | 774.27 | −0.037% | $414K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.69 | −0.112% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.37 | −0.025% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDTshort | 0.0000% | 8h | 773.92 | −0.083% | $780K | $2.3M | 75x | |
| Bitget SPYUSDTlong | 0.0000% | 8h | 774.56 | long leg | $11.0M | $2.2M | 50x | |
| SunX SPY-USDT | 0.0000% | 8h | 775.56 | +0.129% | $1K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.64 | +0.010% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0009% | 8h | 774.47 | −0.012% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0010% | 8h | 774.30 | −0.033% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0019% | 8h | 774.41 | −0.019% | $18.4M | $11.9M | 100x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0020% | 8h | 774.47 | −0.012% | $28.5M | $81.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.19 | −0.048% | $8.2M | $21.7M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.58 | +0.003% | $57.5M | $114.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0036% | 8h | 774.46 | −0.013% | $160K | $395K | 10x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.183% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.136% | $4.8M | $846K | 20x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.79 | −0.099% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.072% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.73 | −0.107% | $2.5M | $952K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.90 | −0.085% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.43 | −0.017% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.81 | −0.097% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0116% | 1h | 773.93 | −0.081% | $1.5M | $285K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0202% | 1h | 774.22 | −0.044% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.50 | −0.008% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.54 | −0.002% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0348% | 4h | 774.21 | −0.045% | $640K | $242K | 20x | as long as short |
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
GRVT SPY_USDT_Perp
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC