Funding you earn now, next payment 00:00 UTC+0.0256%/8h= +28.1% APRnext payment +$0.32 per $10,000 · paid last 24h +0.060%
Price spread now: RISEx against Coinbase International+0.090%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Funding, last 3 days (all we have)+0.174%+$17 on $10k
+Price spread, last 3 days (all we have)−0.154%−$15 · spread now +0.090%, 7d avg +0.053%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and RISEx is 0.036% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SPY-PERP-INTX | 774.00 | 0.0064 | pay 0.0008% / 1h | 52m 39s | $954K | $579K | 20x |
| Short | RISEx SPY/USDC | 774.70 | 0.0320 | get 0.0040% / 1h | 52m 39s | $6.9M | $5.2M | 25x |
Coinbase International SPY-PERP-INTX
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Coinbase International. 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
- $53.83
- Price spread: +0.090% → +0.053%
- $3.64
- Slippage, 4 orders
- −$2.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $38.68
- Costs to cover
- 0.188%
- Break-even
- 2.0 days
Slippage from Coinbase International: live order book, 21 min ago; RISEx: 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 Coinbase International live order book, 21 min ago | 0.06 bp | 5.9 bp −$6 | 8.5 bp −$85 | 27.0 bp −$2,699 | doesn't fit |
| Sell RISEx live order book, 1 min ago | 0.06 bp | 3.1 bp −$3 | 3.5 bp −$35 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0107% | 8h | 774.65 | +0.084% | $412K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.59 | −0.053% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.50 | +0.064% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.77 | +0.099% | $6.2M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.69 | +0.089% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.23 | +0.030% | $762K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.73 | +0.224% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.86 | +0.111% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0013% | 8h | 774.64 | +0.083% | $28.7M | $11.4M | 100x | as long as short |
| Binance SPYUSDT | +0.0013% | 8h | 774.61 | +0.079% | $28.5M | $82.0M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.36 | +0.047% | $8.2M | $21.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.83 | +0.107% | $57.1M | $112.1M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.35 | −0.084% | — | $123K | 50x | as long as short |
| Bitget SPYUSDT | +0.0050% | 8h | 774.71 | +0.092% | $11.0M | $2.4M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.66 | −0.044% | $4.8M | $847K | 20x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.96 | −0.005% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTXlong | +0.0064% | 1h | 774.00 | long leg | $954K | $579K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.05 | +0.006% | $2.5M | $951K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.00 | 0.000% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.61 | +0.079% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.05 | +0.006% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0115% | 1h | 774.17 | +0.021% | $1.5M | $290K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0118% | 8h | 774.63 | +0.081% | $157K | $400K | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0163% | 1h | 774.39 | +0.050% | $23K | $59K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.64 | +0.083% | $10K | — | 26x | as long as short |
| RISEx SPY/USDCshort | +0.0320% | 1h | 774.70 | +0.090% | $6.9M | $5.2M | 25x | |
| edgeX SPYUSDC | +0.0362% | 4h | 774.49 | +0.063% | $640K | $241K | 20x | as long as short |
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Bitget SPYUSDT
Ondo Perps SPY-USD.P
Phoenix SPY
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC