Funding you earn now, next payment 09:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.085%
Price spread now: Gate against GMX−0.033%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.033% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SPY/USD [ETH-USDC] | 773.21 | L +0.0209% / S −0.0429% | pay 0.0026% / 1h | 45m 55s | $10K | — | 26x |
| Short | Gate SPY_USDT | 772.95 | 0 | get 0.0000% / 8h | 7h 45m | $793K | $2.4M | 75x |
GMX SPY/USD [ETH-USDC]
Gate SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$43.89
- Price spread: −0.033% → 0.000%
- −$3.3
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$74.19
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Gate: 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 Gate live order book, 2 min ago | 1.75 bp | 17.0 bp −$17 | 19.4 bp −$194 | 56.2 bp −$5,622 | doesn't fit |
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 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 | 773.25 | +0.006% | $418K | $440K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.74 | −0.060% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.24 | +0.005% | $864K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.17 | −0.005% | $28.5M | $74.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.14 | −0.008% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.13 | −0.010% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDTshort | 0.0000% | 8h | 772.95 | −0.033% | $793K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 773.18 | −0.003% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.34 | +0.017% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.51 | +0.040% | $160K | $350K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Bitget SPYUSDT
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 | 774.36 | +0.149% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.96 | +0.098% | $300K | $38K | 50x | as long as short |
| edgeX SPYUSDC | +0.0001% | 4h | 773.14 | −0.008% | $639K | $243K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.31 | +0.014% | $56.7M | $117.3M | 50x | as long as short |
| Nado SPY-PERP | +0.0034% | 1h | 772.72 | −0.062% | $1.5M | $250K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.50 | −0.091% | $920K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.03 | −0.152% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.39 | −0.105% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.80 | +0.077% | $951K | $508K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0074% | 1h | 772.91 | −0.038% | $23K | $54K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.62 | −0.076% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.82 | −0.050% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.13 | −0.010% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.61 | −0.077% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0128% | 1h | 773.18 | −0.003% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC]long | L +0.0209% / S −0.0429% | 1h | 773.21 | long leg | $10K | — | 26x | |
| RISEx SPY/USDC | +0.0211% | 1h | 773.42 | +0.028% | $7.1M | $3.8M | 25x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
edgeX SPYUSDC
Lighter RH SPY
Nado SPY-PERP
Arcus SPY-USD
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
Lighter SPY
RISEx SPY/USDC