Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h +0.060%
Price spread now: RISEx against Gate+0.087%7-day average +0.011% · 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−$24as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 4 days (all we have)+0.111%+$11 on $10k
+Price spread, last 7 days−0.099%−$10 · spread now +0.087%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.076% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.82 | 0 | get 0.0000% / 8h | 3h 20m | $776K | $2.4M | 75x |
| Short | RISEx SPY/USDC | 774.49 | 0.0100 | get 0.0013% / 1h | 20m 21s | $7.0M | $5.0M | 25x |
Gate SPY_USDT
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $21.04
- Price spread: +0.087% → +0.011%
- $7.57
- Slippage, 4 orders
- −$10.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$3.17
- Costs to cover
- 0.318%
- Break-even
- 8.1 days
Slippage from Gate: live order book, 2 min ago; RISEx: 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, 2 min ago | 3.49 bp | 11.5 bp −$12 | 17.3 bp −$173 | 58.6 bp −$5,862 | doesn't fit |
| Sell RISEx live order book, 4 min ago | 0.52 bp | 3.5 bp −$4 | 4.0 bp −$40 | doesn't fit | 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 | 774.27 | +0.058% | $416K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.74 | −0.010% | $161K | $295K | 20x | as long as short |
| ApeX Omni SPYUSDT | −0.0003% | 1h | 773.49 | −0.043% | $163K | $24K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.11 | +0.038% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.24 | +0.054% | $28.3M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.35 | +0.068% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.18 | +0.047% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.82 | long leg | $776K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.26 | +0.057% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.39 | +0.074% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
ApeX Omni SPYUSDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.25 | +0.055% | $159K | $381K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.38 | +0.202% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.48 | +0.085% | $308K | $20K | 50x | as long as short |
| Nado SPY-PERP | +0.0020% | 1h | 774.06 | +0.031% | $1.5M | $267K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.70 | +0.114% | $56.5M | $117.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.047% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.24 | −0.075% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.09 | −0.094% | $4.7M | $837K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | −0.010% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0088% | 1h | 774.34 | +0.067% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.50 | −0.041% | $2.5M | $980K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | +0.044% | $1K | — | 20x | as long as short |
| RISEx SPY/USDCshort | +0.0100% | 1h | 774.49 | +0.087% | $7.0M | $5.0M | 25x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | −0.013% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 774.23 | +0.053% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.28 | +0.060% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0418% | 4h | 774.14 | +0.042% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
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
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC