Funding you earn now, next payment 10:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.069%
Price spread now: Binance against GMX+0.014%70s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 70 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 | GMX SPY/USD [ETH-USDC] | 773.68 | L +0.0209% / S −0.0429% | pay 0.0026% / 1h | 18m 16s | $10K | — | 26x |
| Short | Binance SPYUSDT | 773.79 | 0 | get 0.0000% / 8h | 6h 18m | $28.6M | $75.7M | 50x |
GMX SPY/USD [ETH-USDC]
Binance SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GMX. 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
- −$43.86
- Price spread: +0.014% → 0.000%
- $1.4
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$64.45
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: live order book, 2 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 0.06 bp | 5.1 bp −$5 | 5.4 bp −$54 | 7.3 bp −$732 | 22.9 bp −$11.4K |
GMX: 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 exchanges
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 | 773.68 | −0.001% | $416K | $413K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.63 | −0.007% | $861K | $200K | 20x | as long as short |
| Binance SPYUSDTshort | 0.0000% | 8h | 773.79 | +0.014% | $28.6M | $75.7M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 773.69 | +0.001% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.72 | +0.005% | $7.8M | $3.0M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.24 | −0.058% | $792K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.76 | +0.010% | $19.1M | $12.1M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.96 | +0.036% | $11.0M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.76 | +0.010% | $167K | $332K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 774.85 | +0.151% | $2K | $1.2M | 10x | as long as short |
BloFin SPY-USDT
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 773.68 | −0.001% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0010% | 1h | 773.37 | −0.041% | $1.5M | $265K | 20x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 773.11 | −0.074% | $158K | $150K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.63 | −0.007% | $7.8M | $17.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.89 | +0.026% | $56.9M | $117.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.84 | −0.109% | $975K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.65 | −0.134% | — | $85K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 773.54 | −0.019% | $23K | $39K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.73 | −0.123% | $4.8M | $845K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.37 | −0.041% | $951K | $199K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.08 | −0.078% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.29 | −0.051% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.64 | −0.006% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.12 | −0.073% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 773.63 | −0.007% | $7.1M | $3.4M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC]long | L +0.0209% / S −0.0429% | 1h | 773.68 | long leg | $10K | — | 26x | |
| edgeX SPYUSDC | +0.0698% | 4h | 773.52 | −0.021% | $639K | $243K | 20x | as long as short |
HTX SPY-USDT
Nado SPY-PERP
Phoenix SPY
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
edgeX SPYUSDC