Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.043%
Price spread now: MEXC against Gate+0.048%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now +0.048%, 7d avg +0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC 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 +0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.81 | 0 | get 0.0000% / 8h | 1h 56m | $770K | $2.4M | 75x |
| Short | MEXC SPY_USDT | 774.18 | 0 | get 0.0000% / 8h | 1h 56m | $29.7M | $11.9M | 100x |
Gate SPY_USDT
MEXC SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.048% → +0.025%
- $2.27
- Slippage, 4 orders
- −$10.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$22.99
- Costs to cover
- 0.253%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; MEXC: live order book, 3 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 | 2.52 bp | 11.1 bp −$11 | 17.8 bp −$178 | 58.2 bp −$5,819 | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.1 bp −$6 | 1.6 bp −$817 |
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 | −0.0120% | 8h | 774.10 | +0.037% | $418K | $473K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0110% | 1h | 773.39 | −0.054% | $164K | $25K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.84 | +0.004% | $161K | $294K | 20x | as long as short |
| Nado SPY-PERP | −0.0045% | 1h | 774.10 | +0.038% | $1.6M | $257K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0001% | 1h | 773.27 | −0.070% | $4.7M | $832K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.00 | +0.025% | $863K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.16 | +0.045% | $28.6M | $79.0M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.13 | +0.041% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.28 | +0.061% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.81 | long leg | $770K | $2.4M | 75x |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Nado SPY-PERP
Ondo Perps SPY-USD.P
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDTshort | 0.0000% | 8h | 774.18 | +0.048% | $29.7M | $11.9M | 100x | |
| Bitget SPYUSDT | 0.0000% | 8h | 774.51 | +0.090% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.57 | +0.098% | $169K | $350K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.51 | +0.220% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.99 | +0.023% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.68 | +0.112% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.56 | +0.097% | $56.1M | $117.0M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.77 | −0.005% | $950K | $556K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.52 | −0.037% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.54 | +0.094% | $7.0M | $4.2M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.078% | — | $123K | 50x | as long as short |
| Lighter SPY | +0.0048% | 1h | 774.32 | +0.066% | $8.1M | $18.5M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.70 | −0.014% | $2.5M | $985K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.14 | +0.043% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.67 | −0.018% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.20 | +0.050% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0832% | 4h | 774.39 | +0.074% | $640K | $241K | 20x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
RISEx SPY/USDC
Vest SPY-USD-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC