Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.054%
Price spread now: Deribit against Gate+0.028%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.028% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.79 | 0 | get 0.0000% / 8h | 4h 44m | $775K | $2.4M | 75x |
| Short | Deribit SPY_USDC-PERPETUAL | 774.01 | 0.0086 | get 0.0011% / 1h | 44m 06s | $23K | $56K | 20x |
Gate SPY_USDT
Deribit SPY_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $18.07
- Price spread: +0.028% → 0.000%
- $2.84
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$1.09
- Costs to cover
- 0.220%
- Break-even
- 7.4 days
Slippage unknown: Gate: live order book, 4 min ago; Deribit: 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 Gate live order book, 4 min ago | 4.07 bp | 11.8 bp −$12 | 16.8 bp −$168 | 65.2 bp −$6,524 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0103% | 8h | 774.28 | +0.063% | $418K | $468K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.29 | +0.065% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.79 | long leg | $775K | $2.4M | 75x | |
| Bitget SPYUSDT | 0.0000% | 8h | 774.47 | +0.088% | $10.9M | $1.9M | 50x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.84 | +0.006% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.35 | +0.202% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.44 | +0.084% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0001% | 8h | 774.22 | +0.056% | $7.9M | $3.2M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0013% | 8h | 774.38 | +0.077% | $162K | $375K | 10x | as long as short |
| MEXC SPY_USDT | +0.0017% | 8h | 774.30 | +0.066% | $25.4M | $11.7M | 100x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Bitget SPYUSDT
Phoenix SPY
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
GRVT SPY_USDT_Perp
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0017% | 8h | 774.32 | +0.069% | $28.2M | $79.8M | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0026% | 1h | 773.48 | −0.040% | $163K | $24K | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.63 | −0.021% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.11 | −0.088% | — | $123K | 50x | as long as short |
| Aster SPYUSDT | +0.0049% | 8h | 774.69 | +0.117% | $865K | $196K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.27 | −0.067% | $4.8M | $841K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | +0.034% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.65 | +0.111% | $56.5M | $113.2M | 50x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.27 | +0.062% | $8.3M | $19.5M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUALshort | +0.0086% | 1h | 774.01 | +0.028% | $23K | $56K | 20x | |
| Nado SPY-PERP | +0.0094% | 1h | 773.87 | +0.010% | $1.5M | $282K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.64 | −0.019% | $2.5M | $980K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.075% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | −0.009% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.40 | +0.079% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.29 | +0.065% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0907% | 4h | 774.14 | +0.045% | $640K | $242K | 20x | as long as short |
Binance SPYUSDT
ApeX Omni SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Aster SPYUSDT
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Lighter SPY
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC