Funding you earn now, next payment 03:00 UTC+0.0155%/8h= +16.9% APRpaid last 24h +0.021%
Price spread now: Nado against BloFin−0.054%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.250% of the position
Funding, last 3 days (all we have)+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)−0.115%−$12 · spread now −0.054%, 7d avg −0.040%
=Together, before fees−0.040%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$5 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 | 774.49 | −0.0109 | get 0.0109% / 8h | 5h 29m | $418K | $468K | 50x |
| Short | Nado SPY-PERP | 774.07 | 0.0046 | get 0.0006% / 1h | 29m 49s | $1.5M | $292K | 20x |
BloFin SPY-USDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $32.47
- Price spread: −0.054% → −0.040%
- −$1.45
- Slippage, 4 orders
- −$6.04
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $5.98
- Costs to cover
- 0.250%
- Break-even
- 5.7 days
Slippage from BloFin: live order book, 11 min ago; Nado: 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, 11 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 6.9 bp −$688 | 12.3 bp −$6,152 |
| Sell Nado live order book, 4 min ago | 0.26 bp | 5.5 bp −$6 | 19.4 bp −$194 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDTlong | −0.0109% | 8h | 774.49 | long leg | $418K | $468K | 50x | |
| ApeX Omni SPYUSDT | −0.0066% | 1h | 773.48 | −0.130% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.84 | −0.084% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.47 | −0.003% | $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 | 773.94 | −0.071% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.59 | +0.013% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.52 | +0.004% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.59 | +0.142% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.99 | −0.065% | $23K | $55K | 20x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.81 | +0.041% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0005% | 8h | 774.44 | −0.007% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0011% | 8h | 774.47 | −0.003% | $23.3M | $11.9M | 100x | as long as short |
| Binance SPYUSDT | +0.0011% | 8h | 774.46 | −0.004% | $28.3M | $79.7M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.54 | −0.123% | $935K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.25 | −0.160% | — | $123K | 50x | as long as short |
| Nado SPY-PERPshort | +0.0046% | 1h | 774.07 | −0.054% | $1.5M | $292K | 20x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.60 | −0.115% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.057% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.41 | −0.010% | $8.3M | $21.0M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.76 | +0.035% | $56.5M | $114.3M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.61 | +0.015% | $6.9M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | −0.085% | $2.5M | $977K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.36 | −0.017% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.85 | −0.082% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.49 | −0.001% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0382% | 4h | 774.33 | −0.020% | $640K | $242K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC