Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%
Price spread now: Deribit against Bybit−0.003%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPYUSDT | 774.19 | 0 | get 0.0000% / 8h | 1h 04m | $6.2M | $1.7M | 100x |
| Short | Deribit SPY_USDC-PERPETUAL | 774.17 | 0 | get 0.0000% / 1h | 4m 53s | $23K | $56K | 20x |
Bybit SPYUSDT
Deribit SPY_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $0
- Price spread: −0.003% → 0.000%
- −$0.26
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$18.26
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Deribit: 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 Bybit live order book, 3 min ago | 0.77 bp | 7.3 bp −$7 | 9.2 bp −$92 | 40.3 bp −$4,025 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0281% | 1h | 773.48 | −0.092% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.013% | $419K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.92 | −0.035% | $161K | $294K | 20x | as long as short |
| Nado SPY-PERP | −0.0027% | 1h | 774.17 | −0.002% | $1.6M | $251K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0006% | 1h | 773.70 | −0.063% | $4.8M | $871K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.40 | +0.027% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.39 | +0.026% | $28.7M | $78.3M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 774.19 | long leg | $6.2M | $1.7M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.37 | +0.023% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.81 | −0.049% | $770K | $2.5M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Ondo Perps SPY-USD.P
Aster SPYUSDT
Binance 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 | 774.39 | +0.026% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.52 | +0.043% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.51 | +0.041% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.60 | +0.182% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUALshort | 0.0000% | 1h | 774.17 | −0.003% | $23K | $56K | 20x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.81 | +0.080% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.44 | +0.032% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.67 | +0.062% | $56.7M | $120.7M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | −0.035% | $950K | $531K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.62 | −0.074% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.61 | +0.054% | $7.1M | $4.1M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.37 | −0.106% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.62 | −0.074% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.31 | +0.016% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.88 | −0.041% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.39 | +0.026% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0626% | 4h | 774.36 | +0.022% | $640K | $242K | 20x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
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