Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.023%
Price spread now: BloFin against Gate+0.035%93s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now +0.035%, 7d avg +0.035%
=The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 93 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 | Gate SPY_USDT | 772.98 | 0 | get 0.0000% / 8h | 7h 47m | $793K | $2.4M | 75x |
| Short | BloFin SPY-USDT | 773.25 | −0.0120 | pay 0.0120% / 8h | 7h 47m | $418K | $440K | 50x |
Gate SPY_USDT
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$25.2
- Price spread: +0.035% → +0.035%
- $0.04
- Slippage, 4 orders
- −$10.68
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$62.84
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 28 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, 5 min ago | 1.42 bp | 9.2 bp −$9 | 12.5 bp −$125 | 52.1 bp −$5,211 | doesn't fit |
| Sell BloFin live order book, 28 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 8.6 bp −$864 | 14.8 bp −$7,418 |
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-USDTshort | −0.0120% | 8h | 773.25 | +0.035% | $418K | $440K | 50x | |
| Phoenix SPY | −0.0031% | 1h | 772.74 | −0.031% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.30 | +0.041% | $864K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.25 | +0.035% | $28.5M | $74.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.23 | +0.032% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.21 | +0.030% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 772.98 | long leg | $793K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 773.24 | +0.034% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.34 | +0.047% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.56 | +0.075% | $160K | $350K | 10x | as long as short |
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Bitget SPYUSDT
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 | 774.38 | +0.181% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.96 | +0.127% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0028% | 1h | 772.75 | −0.030% | $1.5M | $250K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.34 | +0.047% | $56.7M | $117.2M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.52 | −0.060% | $920K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.02 | −0.124% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.39 | −0.076% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.80 | +0.106% | $951K | $508K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.65 | −0.043% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.89 | −0.012% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.17 | +0.025% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.65 | −0.042% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0120% | 1h | 773.20 | +0.028% | $7.9M | $17.1M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0125% | 1h | 772.89 | −0.012% | $23K | $54K | 20x | as long as short |
| edgeX SPYUSDC | +0.0162% | 4h | 773.25 | +0.035% | $639K | $242K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.25 | +0.036% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.48 | +0.064% | $7.1M | $3.8M | 25x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC