Funding you earn now, next payment 03:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.057%
Price spread now: RISEx against Bitget+0.006%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$200.205% of the position
Funding, last 4 days (all we have)+0.079%+$8 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now +0.006%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.025% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 774.49 | 0 | get 0.0000% / 8h | 5h 56m | $10.9M | $2.0M | 50x |
| Short | RISEx SPY/USDC | 774.54 | 0.0097 | get 0.0012% / 1h | 56m 07s | $7.0M | $5.2M | 25x |
Bitget SPYUSDT
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $20.35
- Price spread: +0.006% → −0.018%
- $2.47
- Slippage, 4 orders
- −$2.49
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $2.33
- Costs to cover
- 0.205%
- Break-even
- 6.2 days
Slippage from Bitget: live order book, 2 min ago; RISEx: 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, 2 min ago | 0.06 bp | 6.6 bp −$7 | 9.2 bp −$92 | 11.0 bp −$1,097 | 19.0 bp −$9,502 |
| Sell RISEx live order book, 3 min ago | 0.06 bp | 3.7 bp −$4 | 4.0 bp −$40 | doesn't fit | doesn't fit |
SPY on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | 0.0000% | 8h | 774.50 | +0.002% | $863K | $203K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.36 | −0.017% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.54 | +0.006% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.99 | −0.065% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 774.49 | long leg | $10.9M | $2.0M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.38 | −0.015% | $161K | $379K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.60 | +0.143% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.009% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0006% | 8h | 774.44 | −0.006% | $21.8M | $11.6M | 100x | as long as short |
| Binance SPYUSDT | +0.0007% | 8h | 774.46 | −0.004% | $28.4M | $80.0M | 50x | as long as short |
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | +0.0040% | 1h | 773.45 | −0.134% | $935K | $1.3M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.79 | −0.090% | $161K | $295K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | −0.158% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.74 | −0.097% | $4.8M | $841K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | −0.097% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0057% | 1h | 774.08 | −0.052% | $1.5M | $288K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.43 | −0.008% | $8.3M | $21.0M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0073% | 1h | 774.23 | −0.034% | $23K | $55K | 20x | as long as short |
| RISEx SPY/USDCshort | +0.0097% | 1h | 774.54 | +0.006% | $7.0M | $5.2M | 25x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.69 | −0.103% | $2.5M | $971K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.89 | −0.077% | $160K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | −0.014% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.84 | −0.083% | $87K | — | 10x | as long as short |
| Lighter RH SPY | +0.0120% | 1h | 774.87 | +0.049% | $56.7M | $111.8M | 50x | as long as short |
| edgeX SPYUSDC | +0.0144% | 4h | 774.21 | −0.036% | $640K | $242K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.47 | −0.003% | $10K | — | 26x | as long as short |
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter RH SPY
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]