Funding you earn now, next payment 23:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.035%
Price spread now: Nado against Gate+0.031%7-day average +0.006% · 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−$33as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 3 days (all we have)−0.007%−$1 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now +0.031%, 7d avg +0.006%
=Together, before fees+0.004%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.025% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.65 | 0 | get 0.0000% / 8h | 1h 19m | $746K | $2.2M | 75x |
| Short | Nado SPY-PERP | 773.89 | 0.0043 | get 0.0005% / 1h | 19m 57s | $1.5M | $306K | 20x |
Gate SPY_USDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $9.06
- Price spread: +0.031% → +0.006%
- $2.48
- Slippage, 4 orders
- −$13.01
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$23.47
- Costs to cover
- 0.350%
- Break-even
- 25.1 days
Slippage from Gate: live order book, 3 min ago; Nado: live order book, 4 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, 3 min ago | 1.87 bp | 11.6 bp −$12 | 16.4 bp −$164 | 65.1 bp −$6,507 | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.13 bp | 5.7 bp −$6 | 14.2 bp −$142 | 39.1 bp −$3,910 | 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 | −0.0120% | 8h | 774.25 | +0.078% | $414K | $726K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.19 | −0.059% | $945K | $1.4M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.68 | +0.004% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.08 | +0.056% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.21 | +0.072% | $28.2M | $83.2M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.25 | +0.078% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.25 | +0.078% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.65 | long leg | $746K | $2.2M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.22 | +0.074% | $26.7M | $12.3M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.19 | +0.070% | $157K | $430K | 10x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Phoenix SPY
Aster SPYUSDT
Binance 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 | 775.31 | +0.215% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.22 | +0.074% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDT | +0.0022% | 8h | 774.34 | +0.089% | $11.0M | $2.7M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.12 | +0.061% | $8.6M | $22.4M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.53 | +0.114% | $56.7M | $121.7M | 50x | as long as short |
| Nado SPY-PERPshort | +0.0043% | 1h | 773.89 | +0.031% | $1.5M | $306K | 20x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.066% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.47 | −0.023% | $4.8M | $921K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.56 | −0.012% | $955K | $636K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0086% | 1h | 774.15 | +0.065% | $23K | $75K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.64 | −0.001% | $2.5M | $984K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.86 | +0.027% | $154K | $20K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.19 | +0.070% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.71 | +0.007% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.40 | +0.097% | $6.9M | $5.3M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.25 | +0.077% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0662% | 4h | 774.07 | +0.054% | $640K | $240K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC