Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.48 per $10,000 · paid last 24h +0.021%
Price spread now: Bitget against Bybit+0.003%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$280.279% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now +0.003%, 7d avg +0.022%
=The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPYUSDT | 774.69 | 0 | get 0.0000% / 8h | 7h 57m | $6.2M | $2.0M | 100x |
| Short | Bitget SPYUSDT | 774.71 | 0.0048 | get 0.0048% / 8h | 7h 57m | $11.0M | $2.5M | 50x |
Bybit SPYUSDT
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- $10.08
- Price spread: +0.003% → +0.022%
- −$1.95
- Slippage, 4 orders
- −$4.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$19.76
- Costs to cover
- 0.279%
- Break-even
- 20.7 days
Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 1 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 Bybit live order book, 1 min ago | 0.19 bp | 7.3 bp −$7 | 11.2 bp −$112 | 23.9 bp −$2,392 | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.06 bp | 6.7 bp −$7 | 10.2 bp −$102 | 21.4 bp −$2,140 | 29.1 bp −$14.5K |
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-USDT | −0.0109% | 8h | 774.60 | −0.012% | $412K | $571K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.95 | −0.096% | $161K | $295K | 20x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.42 | −0.164% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.46 | −0.030% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 774.69 | long leg | $6.2M | $2.0M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.59 | −0.013% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.29 | −0.052% | $762K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.69 | +0.129% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.006% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0010% | 8h | 774.61 | −0.010% | $28.6M | $11.4M | 100x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Arcus SPY-USD
Aster SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0011% | 8h | 774.62 | −0.009% | $28.5M | $82.4M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0024% | 8h | 774.61 | −0.010% | $157K | $400K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.42 | −0.035% | $8.2M | $21.2M | 50x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.80 | +0.014% | $57.2M | $112.0M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | −0.183% | — | $123K | 50x | as long as short |
| Bitget SPYUSDTshort | +0.0048% | 8h | 774.71 | +0.003% | $11.0M | $2.5M | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.64 | −0.136% | $4.8M | $848K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.56 | −0.146% | $955K | $578K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.10 | −0.076% | $2.5M | $951K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.00 | −0.089% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.59 | −0.013% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.11 | −0.075% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 774.35 | −0.044% | $23K | $59K | 20x | as long as short |
| edgeX SPYUSDC | +0.0145% | 4h | 774.42 | −0.035% | $640K | $240K | 20x | as long as short |
| Nado SPY-PERP | +0.0150% | 1h | 773.99 | −0.090% | $1.5M | $292K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.62 | −0.010% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.66 | −0.004% | $6.9M | $5.2M | 25x | as long as short |
Binance SPYUSDT
GRVT SPY_USDT_Perp
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC