Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.017%
Price spread now: Aevo against GRVT−0.111%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Aevo is 0.111% cheaper against GRVT than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day). The two prices were read 49 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 | GRVT SPY_USDT_Perp | 773.51 | 0 | get 0.0000% / 8h | 7h 47m | $160K | $350K | 10x |
| Short | Aevo SPY-PERP | 772.65 | 0.0104 | get 0.0013% / 1h | 47m 31s | $87K | — | 10x |
GRVT SPY_USDT_Perp
Aevo SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against GRVT. 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
- $21.84
- Price spread: −0.111% → 0.000%
- −$11.09
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$14.25
- Costs to cover
- 0.250%
- Break-even
- 11.6 days
Slippage unknown: GRVT: live order book, 50 min ago; Aevo: no order-book sample. 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 GRVT live order book, 50 min ago | 1.81 bp | 6.6 bp −$7 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 | −0.034% | $418K | $440K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.74 | −0.100% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.33 | −0.023% | $864K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.25 | −0.034% | $28.5M | $74.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.26 | −0.033% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.21 | −0.039% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.98 | −0.069% | $793K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.26 | −0.033% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.34 | −0.022% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perplong | 0.0000% | 8h | 773.51 | long leg | $160K | $350K | 10x |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 774.38 | +0.112% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.96 | +0.058% | $300K | $38K | 50x | as long as short |
| edgeX SPYUSDC | +0.0001% | 4h | 773.14 | −0.048% | $639K | $243K | 20x | as long as short |
| Nado SPY-PERP | +0.0032% | 1h | 772.74 | −0.100% | $1.5M | $250K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.34 | −0.022% | $56.7M | $117.2M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.52 | −0.128% | $920K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.07 | −0.186% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.39 | −0.145% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.80 | +0.037% | $951K | $508K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.65 | −0.111% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.82 | −0.090% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.17 | −0.044% | $1K | — | 20x | as long as short |
| Aevo SPY-PERPshort | +0.0104% | 1h | 772.65 | −0.111% | $87K | — | 10x | |
| Lighter SPY | +0.0120% | 1h | 773.20 | −0.040% | $7.9M | $17.1M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0125% | 1h | 772.89 | −0.080% | $23K | $54K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.25 | −0.033% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.48 | −0.005% | $7.1M | $3.8M | 25x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
edgeX SPYUSDC
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Lighter SPY
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC