Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.042%
Price spread now: Binance against Gate+0.059%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.335% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 2 days (all we have)−0.053%−$5 · spread now +0.059%, 7d avg +0.037%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.023% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.97 | 0 | get 0.0000% / 8h | 50m 45s | $747K | $2.2M | 75x |
| Short | Binance SPYUSDT | 774.43 | 0 | get 0.0000% / 8h | 50m 45s | $28.6M | $83.1M | 50x |
Gate SPY_USDT
Binance SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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: +0.059% → +0.037%
- $2.26
- Slippage, 4 orders
- −$8.52
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$31.25
- Costs to cover
- 0.335%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Binance: live order book, 7 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 Gate live order book, 2 min ago | 1.42 bp | 9.4 bp −$9 | 11.9 bp −$119 | 60.2 bp −$6,016 | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.06 bp | 5.1 bp −$5 | 5.1 bp −$51 | 10.4 bp −$1,041 | 31.8 bp −$15.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.49 | −0.062% | $939K | $1.4M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.40 | +0.056% | $370K | $726K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.80 | −0.022% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | +0.043% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDTshort | 0.0000% | 8h | 774.43 | +0.059% | $28.6M | $83.1M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.30 | +0.043% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.49 | +0.067% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.97 | long leg | $747K | $2.2M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.44 | +0.061% | $27.3M | $11.6M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.66 | +0.089% | $157K | $419K | 10x | as long as short |
Arcus SPY-USD
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.48 | +0.195% | $1K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.63 | +0.085% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDT | +0.0021% | 8h | 774.58 | +0.079% | $11.0M | $2.6M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0021% | 1h | 774.07 | +0.013% | $23K | $58K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.17 | +0.026% | $8.5M | $21.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.62 | +0.084% | $57.1M | $117.0M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.16 | −0.105% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.053% | $955K | $584K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.63 | −0.044% | $4.8M | $883K | 20x | as long as short |
| Nado SPY-PERP | +0.0086% | 1h | 773.93 | −0.005% | $1.5M | $302K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | −0.018% | $2.5M | $976K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.91 | −0.008% | $158K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.052% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.85 | −0.015% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.57 | +0.078% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.43 | +0.060% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0321% | 4h | 774.30 | +0.043% | $640K | $240K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Bitget SPYUSDT
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC