Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%
Price spread now: Vest against Bybit−0.102%47s7-day average −0.083% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.102%, 7d avg −0.083%
=Together, before fees+0.081%+ Points / potential airdropVest: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.083%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 47 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 | Bybit SPYUSDT | 774.22 | 0 | get 0.0000% / 8h | 1h 00m | $6.2M | $1.7M | 100x |
| Short | Vest SPY-USD-PERP | 773.43 | 0.0046 | get 0.0006% / 1h | 0m 35s | — | $123K | 50x |
Bybit SPYUSDT
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $9.59
- Price spread: −0.102% → −0.083%
- −$1.9
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$5.3
- Costs to cover
- 0.130%
- Break-even
- 10.9 days
Slippage unknown: Bybit: live order book, 2 min ago; Vest: 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, 2 min ago | 0.39 bp | 7.3 bp −$7 | 9.0 bp −$90 | 24.8 bp −$2,481 | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | −0.0292% | 1h | 773.22 | −0.129% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.017% | $418K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 774.06 | −0.021% | $161K | $294K | 20x | as long as short |
| Nado SPY-PERP | −0.0027% | 1h | 774.16 | −0.008% | $1.6M | $251K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.42 | +0.025% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.45 | +0.029% | $28.7M | $78.0M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 774.22 | long leg | $6.2M | $1.7M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.39 | +0.022% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.81 | −0.053% | $770K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.44 | +0.028% | $29.7M | $11.9M | 100x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.54 | +0.041% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.42 | +0.025% | $158K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.54 | +0.170% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.16 | −0.008% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.66 | +0.057% | $300K | $38K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0004% | 1h | 773.63 | −0.076% | $4.8M | $870K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.46 | +0.031% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.70 | +0.062% | $56.7M | $120.9M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | −0.039% | $950K | $531K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.67 | −0.071% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.59 | +0.048% | $7.1M | $4.1M | 25x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.43 | −0.102% | — | $123K | 50x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.64 | −0.075% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.019% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.87 | −0.045% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.45 | +0.029% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0541% | 4h | 774.27 | +0.006% | $640K | $243K | 20x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Ondo Perps SPY-USD.P
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC