Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h −0.007%
Price spread now: SunX against BloFin+0.167%55s7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$228as 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−$2482.483% of the position
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.167%, 7d avg +0.140%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SunX is 0.027% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.140%. The two prices were read 55 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 | 774.09 | −0.0120 | get 0.0120% / 8h | 1h 54m | $418K | $473K | 50x |
| Short | SunX SPY-USDT | 775.38 | 0 | get 0.0000% / 8h | 1h 54m | $2K | $1.4M | 10x |
BloFin SPY-USDT
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $25.2
- Price spread: +0.167% → +0.140%
- $2.7
- Slippage, 4 orders
- −$228.34
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$220.44
- Costs to cover
- 2.483%
- Break-even
- 68.2 days
Slippage from BloFin: live order book, 32 min ago; SunX: live order book, 10 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, 32 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 9.3 bp −$926 | 17.0 bp −$8,522 |
| Sell SunX live order book, 10 min ago | 29.07 bp | 128.7 bp −$129 | doesn't fit | 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 SPYUSDT | −0.0378% | 1h | 773.48 | −0.079% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDTlong | −0.0120% | 8h | 774.09 | long leg | $418K | $473K | 50x | |
| Phoenix SPY | −0.0103% | 1h | 773.84 | −0.032% | $161K | $294K | 20x | as long as short |
| Nado SPY-PERP | −0.0030% | 1h | 774.04 | −0.007% | $1.6M | $251K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0016% | 1h | 773.27 | −0.106% | $4.7M | $832K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.04 | −0.006% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.24 | +0.019% | $28.6M | $78.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.27 | +0.023% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.16 | +0.009% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.81 | −0.036% | $770K | $2.4M | 75x | as long as short |
ApeX Omni SPYUSDT
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 | 774.21 | +0.016% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | +0.052% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.42 | +0.043% | $169K | $351K | 10x | as long as short |
| SunX SPY-USDTshort | 0.0000% | 8h | 775.38 | +0.167% | $2K | $1.4M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.05 | −0.005% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.68 | +0.076% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.57 | +0.062% | $56.2M | $117.2M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.77 | −0.041% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0040% | 1h | 774.35 | +0.034% | $8.1M | $18.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.081% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.40 | +0.040% | $7.0M | $4.2M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.114% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.59 | −0.065% | $2.5M | $984K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.19 | +0.013% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.66 | −0.056% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.20 | +0.014% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0832% | 4h | 774.39 | +0.038% | $640K | $241K | 20x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Lighter SPY
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