Funding you earn now, next payment 01:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.034%
Price spread now: Nado against Bybit−0.068%7-day average 0.000% · 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−$33as in the Price arb table
costs, in and out, $10k−$260.264% of the position
Funding, last 3 days (all we have)−0.005%$0 on $10k
+Price spread, last 7 days+0.138%+$14 · spread now −0.068%, 7d avg 0.000%
=Together, before fees+0.133%+ Points / potential airdropNado: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.067% cheaper against Bybit than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of 0.000%). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPYUSDT | 774.72 | 0 | get 0.0000% / 8h | 7h 28m | $6.3M | $2.0M | 100x |
| Short | Nado SPY-PERP | 774.20 | 0.0101 | get 0.0013% / 1h | 28m 18s | $1.5M | $282K | 20x |
Bybit SPYUSDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $21.28
- Price spread: −0.068% → 0.000%
- −$6.72
- Slippage, 4 orders
- −$8.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$11.86
- Costs to cover
- 0.264%
- Break-even
- 10.9 days
Slippage from Bybit: live order book, 5 min ago; Nado: live order book, just now.
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, 5 min ago | 0.06 bp | 7.1 bp −$7 | 9.8 bp −$98 | 28.8 bp −$2,881 | doesn't fit |
| Sell Nado live order book, just now | 0.06 bp | 5.7 bp −$6 | 16.7 bp −$167 | 57.3 bp −$5,735 | 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-USDT | −0.0102% | 8h | 774.60 | −0.015% | $413K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.70 | −0.132% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 774.72 | long leg | $6.3M | $2.0M | 100x | |
| Gate SPY_USDT | 0.0000% | 8h | 774.26 | −0.059% | $780K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.80 | +0.139% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.80 | +0.010% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0005% | 8h | 774.61 | −0.014% | $863K | $204K | 20x | as long as short |
| OKX SPY-USDT-SWAP | +0.0006% | 8h | 774.73 | +0.001% | $7.9M | $3.3M | 50x | as long as short |
| MEXC SPY_USDT | +0.0018% | 8h | 774.68 | −0.005% | $30.0M | $11.7M | 100x | as long as short |
| Binance SPYUSDT | +0.0018% | 8h | 774.68 | −0.005% | $28.5M | $81.2M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | +0.0026% | 8h | 774.60 | −0.015% | $11.0M | $2.3M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.40 | −0.041% | $8.2M | $21.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.84 | +0.015% | $57.3M | $113.9M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.40 | −0.170% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.50 | −0.157% | $4.8M | $847K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0062% | 8h | 774.68 | −0.005% | $168K | $398K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.99 | −0.094% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.093% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.97 | −0.097% | $2.5M | $949K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.91 | −0.105% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.63 | −0.012% | $1K | — | 20x | as long as short |
| Nado SPY-PERPshort | +0.0101% | 1h | 774.20 | −0.068% | $1.5M | $282K | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 774.07 | −0.084% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0176% | 1h | 774.45 | −0.035% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.72 | −0.001% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0241% | 4h | 774.46 | −0.033% | $640K | $242K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.80 | +0.011% | $6.9M | $5.2M | 25x | as long as short |
Bitget 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
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC
RISEx SPY/USDC