Funding you earn now, next payment 08:00 UTC+0.0119%/8h= +13.0% APRnext payment +$1.19 per $10,000 · paid last 24h +0.036%
Price spread now: MEXC against BloFin+0.001%49s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs+$18as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$120.123% of the position
Funding, last 7 days+0.300%+$30 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.001%, 7d avg −0.003%
=The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPY-USDT | 774.49 | −0.0096 | get 0.0096% / 8h | 7h 04m | $415K | $571K | 50x |
| Short | MEXC SPY_USDT | 774.50 | 0.0023 | get 0.0023% / 8h | 7h 04m | $18.4M | $11.9M | 100x |
BloFin SPY-USDT
MEXC SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $25.01
- Price spread: +0.001% → −0.003%
- $0.42
- Slippage, 4 orders
- −$0.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $13.18
- Costs to cover
- 0.123%
- Break-even
- 3.3 days
Slippage from BloFin: live order book, 2 min ago; MEXC: live order book, 4 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, 2 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 8.0 bp −$800 | 14.1 bp −$7,050 |
| Sell MEXC live order book, 4 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.1 bp −$15 | 1.5 bp −$725 |
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 | −0.0096% | 8h | 774.49 | long leg | $415K | $571K | 50x | |
| Arcus SPY-USD | −0.0016% | 1h | 773.71 | −0.101% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.60 | +0.014% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.03 | −0.059% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.66 | +0.022% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.63 | +0.147% | $2K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.09 | −0.052% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.81 | +0.041% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0013% | 8h | 774.54 | +0.006% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0016% | 8h | 774.70 | +0.027% | $863K | $204K | 20x | as long as short |
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDTshort | +0.0023% | 8h | 774.50 | +0.001% | $18.4M | $11.9M | 100x | |
| Binance SPYUSDT | +0.0024% | 8h | 774.46 | −0.004% | $28.5M | $81.6M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.31 | −0.023% | $8.3M | $21.7M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.67 | +0.023% | $57.6M | $115.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.23 | −0.163% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.44 | −0.136% | $4.8M | $846K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0052% | 8h | 774.53 | +0.005% | $160K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.04 | −0.058% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.063% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.88 | −0.079% | $2.5M | $953K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.98 | −0.066% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.46 | −0.004% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.93 | −0.072% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0117% | 1h | 774.05 | −0.057% | $1.5M | $285K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.50 | +0.001% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0239% | 4h | 774.39 | −0.013% | $640K | $241K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.66 | +0.022% | $6.9M | $5.2M | 25x | as long as short |
Binance 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
Aevo SPY-PERP
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC
RISEx SPY/USDC