Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.012%
Price spread now: Vest against Bitget−0.165%7-day average −0.113% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.165%, 7d avg −0.113%
=Together, before fees+0.084%+ Points / potential airdropVest: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.053% cheaper against Bitget than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of −0.113%). If the spread goes back, that is −$5 on $10k: about 3.8 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.018% in total) that is about 9.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 774.49 | 0 | get 0.0000% / 8h | 6h 01m | $10.9M | $2.0M | 50x |
| Short | Vest SPY-USD-PERP | 773.21 | 0.0046 | get 0.0006% / 1h | 1m 50s | — | $123K | 50x |
Bitget SPYUSDT
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $9.59
- Price spread: −0.165% → −0.113%
- −$5.27
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$9.67
- Costs to cover
- 0.140%
- Break-even
- 14.1 days
Slippage unknown: Bitget: live order book, 2 min ago; Vest: no order-book sample. Net counts fees only.
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 | 10.1 bp −$101 | 13.3 bp −$1,335 | 18.3 bp −$9,139 |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 774.49 | 0.000% | $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 | 774.41 | −0.010% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.85 | −0.083% | $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 | 774.40 | −0.012% | $161K | $379K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.47 | +0.127% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.59 | +0.013% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0007% | 8h | 774.33 | −0.021% | $21.1M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0007% | 8h | 774.35 | −0.018% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.27 | −0.028% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.41 | −0.139% | $935K | $1.3M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.79 | −0.090% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.21 | −0.165% | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.58 | −0.117% | $4.8M | $841K | 20x | as long as short |
| Nado SPY-PERP | +0.0077% | 1h | 773.98 | −0.066% | $1.5M | $288K | 20x | as long as short |
| Lighter RH SPY | +0.0080% | 1h | 774.76 | +0.035% | $56.7M | $115.0M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 773.74 | −0.097% | $954K | $552K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.59 | −0.116% | $2.5M | $967K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.92 | −0.074% | $160K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.32 | −0.022% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.71 | −0.100% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0125% | 1h | 774.15 | −0.044% | $23K | $55K | 20x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.46 | −0.004% | $7.0M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.35 | −0.019% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0688% | 4h | 774.21 | −0.036% | $640K | $241K | 20x | as long as short |
Lighter SPY
Arcus SPY-USD
Phoenix SPY
Ondo Perps SPY-USD.P
Nado SPY-PERP
Lighter RH SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC