Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.008%
Price spread now: OKX against Bitget−0.005%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.005%, 7d avg −0.016%
=The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 774.28 | 0.0026 | pay 0.0026% / 8h | 1h 25m | $11.0M | $2.8M | 50x |
| Short | OKX SPY-USDT-SWAP | 774.24 | 0 | get 0.0000% / 8h | 1h 25m | $7.9M | $3.4M | 50x |
Bitget SPYUSDT
OKX SPY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$5.46
- Price spread: −0.005% → −0.016%
- $1.11
- Slippage, 4 orders
- −$2.31
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$28.66
- Costs to cover
- 0.243%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; OKX: 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, 3 min ago | 0.06 bp | 6.9 bp −$7 | 9.9 bp −$99 | 14.0 bp −$1,397 | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.06 bp | 5.1 bp −$5 | 6.8 bp −$68 | 17.6 bp −$1,756 | 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 | −0.0120% | 8h | 774.16 | −0.015% | $414K | $726K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.16 | −0.145% | $945K | $1.4M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.61 | −0.087% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.10 | −0.023% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.15 | −0.016% | $28.2M | $83.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.29 | +0.001% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAPshort | 0.0000% | 8h | 774.24 | −0.005% | $7.9M | $3.4M | 50x | |
| Gate SPY_USDT | 0.0000% | 8h | 773.68 | −0.077% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.15 | −0.017% | $26.0M | $12.3M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.23 | −0.006% | $157K | $430K | 10x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
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 | 775.23 | +0.123% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.55 | +0.035% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDTlong | +0.0026% | 8h | 774.28 | long leg | $11.0M | $2.8M | 50x | |
| Lighter SPY | +0.0032% | 1h | 774.07 | −0.027% | $8.6M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.53 | +0.032% | $56.8M | $121.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.11 | −0.151% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0050% | 1h | 773.87 | −0.054% | $1.5M | $306K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.37 | −0.118% | $4.8M | $920K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0060% | 1h | 774.07 | −0.027% | $23K | $75K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.56 | −0.093% | $955K | $636K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.60 | −0.088% | $2.5M | $983K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.91 | −0.048% | $154K | $20K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | −0.015% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.64 | −0.083% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.35 | +0.009% | $6.9M | $5.3M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.16 | −0.015% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0645% | 4h | 774.07 | −0.027% | $640K | $240K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Deribit SPY_USDC-PERPETUAL
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC