Funding you earn now, next payment 07:00 UTC−0.0151%/8h= −16.5% APRpaid last 24h +0.015%
Price spread now: ApeX Omni against BloFin−0.149%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$340.335% of the position
Funding, last 7 days+0.410%+$41 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.149%, 7d avg −0.034%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.115% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.034%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.410%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPY-USDT | 774.09 | −0.0120 | get 0.0120% / 8h | 1h 12m | $418K | $472K | 50x |
| Short | ApeX Omni SPYUSDT | 772.94 | −0.0271 | pay 0.0034% / 1h | 12m 47s | $164K | $25K | 50x |
BloFin SPY-USDT
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against BloFin. 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
- −$31.7
- Price spread: −0.149% → −0.034%
- −$11.46
- Slippage, 4 orders
- −$11.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$76.7
- Costs to cover
- 0.335%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 8 min ago; ApeX Omni: live order book, 28 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 BloFin live order book, 8 min ago | 0.06 bp | 8.3 bp −$8 | 9.4 bp −$94 | 11.9 bp −$1,192 | 19.8 bp −$9,902 |
| Sell ApeX Omni live order book, 28 min ago | 2.52 bp | 11.5 bp −$12 | 78.0 bp −$780 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDTshort | −0.0271% | 1h | 772.94 | −0.149% | $164K | $25K | 50x | |
| BloFin SPY-USDTlong | −0.0120% | 8h | 774.09 | long leg | $418K | $472K | 50x | |
| Phoenix SPY | −0.0114% | 1h | 773.99 | −0.013% | $161K | $294K | 20x | as long as short |
| Nado SPY-PERP | −0.0022% | 1h | 774.11 | +0.002% | $1.6M | $252K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0022% | 1h | 773.41 | −0.088% | $4.8M | $871K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.36 | +0.035% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.50 | +0.052% | $28.7M | $78.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.29 | +0.026% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.46 | +0.048% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.95 | −0.018% | $770K | $2.5M | 75x | as long as short |
Phoenix SPY
Nado SPY-PERP
Ondo Perps SPY-USD.P
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.49 | +0.052% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.57 | +0.062% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.38 | +0.038% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.51 | +0.183% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.18 | +0.012% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.61 | +0.067% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.47 | +0.049% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.70 | +0.079% | $56.6M | $120.3M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | −0.022% | $950K | $532K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.56 | −0.068% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.56 | +0.061% | $7.1M | $4.1M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.44 | −0.084% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.57 | −0.067% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.31 | +0.028% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.84 | −0.032% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.48 | +0.050% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0925% | 4h | 774.28 | +0.024% | $640K | $243K | 20x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
RISEx SPY/USDC
Vest SPY-USD-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC