Funding you earn now, next payment 01:00 UTC+0.0530%/8h= +58.1% APRpaid last 24h +0.341%
Price spread now: GMX against BloFin+0.001%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$16 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPY-USDT | 774.71 | −0.0101 | get 0.0101% / 8h | 7h 27m | $413K | $571K | 50x |
| Short | GMX SPY/USD [ETH-USDC] | 774.72 | L +0.0208% / S −0.0429% | get 0.0054% / 1h | 27m 08s | $10K | — | 26x |
BloFin SPY-USDT
GMX SPY/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $111.37
- Price spread: +0.001% → 0.000%
- $0.06
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $87.43
- Costs to cover
- 0.240%
- Break-even
- 1.5 days
Slippage unknown: BloFin: live order book, 44 min ago; GMX: 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 BloFin live order book, 44 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 7.8 bp −$782 | 15.0 bp −$7,494 |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 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-USDTlong | −0.0101% | 8h | 774.71 | long leg | $413K | $571K | 50x | |
| Arcus SPY-USD | −0.0016% | 1h | 773.72 | −0.128% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.82 | +0.014% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.25 | −0.059% | $780K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.82 | +0.143% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.97 | +0.034% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0006% | 8h | 774.57 | −0.019% | $863K | $204K | 20x | as long as short |
| OKX SPY-USDT-SWAP | +0.0006% | 8h | 774.73 | +0.003% | $7.9M | $3.3M | 50x | as long as short |
| MEXC SPY_USDT | +0.0018% | 8h | 774.71 | 0.000% | $30.0M | $11.7M | 100x | as long as short |
| Binance SPYUSDT | +0.0019% | 8h | 774.70 | −0.001% | $28.5M | $81.2M | 50x | as long as short |
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | +0.0025% | 8h | 774.60 | −0.014% | $11.0M | $2.3M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.41 | −0.039% | $8.2M | $21.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.85 | +0.018% | $57.3M | $113.9M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.43 | −0.165% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.56 | −0.148% | $4.8M | $847K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0062% | 8h | 774.68 | −0.004% | $168K | $398K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.99 | −0.093% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.092% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.96 | −0.097% | $2.5M | $949K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.00 | −0.092% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.63 | −0.010% | $1K | — | 20x | as long as short |
| Nado SPY-PERP | +0.0101% | 1h | 774.21 | −0.065% | $1.5M | $282K | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.11 | −0.078% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0189% | 1h | 774.46 | −0.032% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC]short | L +0.0208% / S −0.0429% | 1h | 774.72 | +0.001% | $10K | — | 26x | |
| RISEx SPY/USDC | +0.0320% | 1h | 774.80 | +0.012% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0425% | 4h | 774.49 | −0.028% | $640K | $240K | 20x | as long as short |
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Nado SPY-PERP
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
edgeX SPYUSDC