Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%
Price spread now: ApeX Omni against GRVT−0.063%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$560.563% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.063%, 7d avg −0.035%
=Together, before fees+0.108%+ Points / potential airdropGRVT: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.028% cheaper against GRVT than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.035%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT SPY_USDT_Perp | 774.38 | 0 | get 0.0000% / 8h | 5h 56m | $161K | $379K | 10x |
| Short | ApeX Omni SPYUSDT | 773.89 | 0.0100 | get 0.0013% / 1h | 56m 01s | $160K | $23K | 50x |
GRVT SPY_USDT_Perp
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- Price spread: −0.063% → −0.035%
- −$2.83
- Slippage, 4 orders
- −$37.32
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$38.15
- Costs to cover
- 0.563%
- Break-even
- 19.7 days
Slippage from GRVT: live order book, 7 min ago; ApeX Omni: live order book, 5 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 GRVT live order book, 7 min ago | 1.74 bp | 6.4 bp −$6 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 5 min ago | 1.68 bp | 17.8 bp −$18 | 79.8 bp −$798 | doesn't fit | doesn't fit |
SPY on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | 0.0000% | 8h | 774.50 | +0.016% | $863K | $203K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.36 | −0.002% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.54 | +0.021% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.99 | −0.050% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | +0.015% | $10.9M | $2.0M | 50x | as long as short |
| GRVT SPY_USDT_Perplong | 0.0000% | 8h | 774.38 | long leg | $161K | $379K | 10x | |
| SunX SPY-USDT | 0.0000% | 8h | 775.60 | +0.158% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.024% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0006% | 8h | 774.46 | +0.011% | $21.8M | $11.6M | 100x | as long as short |
| Binance SPYUSDT | +0.0007% | 8h | 774.45 | +0.009% | $28.4M | $80.0M | 50x | as long as short |
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | +0.0040% | 1h | 773.45 | −0.120% | $935K | $1.3M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.79 | −0.076% | $161K | $295K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | −0.143% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.74 | −0.082% | $4.8M | $841K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | −0.082% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0057% | 1h | 774.08 | −0.038% | $1.5M | $288K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.43 | +0.007% | $8.3M | $21.0M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0073% | 1h | 774.23 | −0.019% | $23K | $55K | 20x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.54 | +0.021% | $7.0M | $5.2M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.65 | −0.094% | $2.5M | $971K | 20x | as long as short |
| ApeX Omni SPYUSDTshort | +0.0100% | 1h | 773.89 | −0.063% | $160K | $23K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | 0.000% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.84 | −0.069% | $87K | — | 10x | as long as short |
| Lighter RH SPY | +0.0120% | 1h | 774.87 | +0.064% | $56.7M | $111.8M | 50x | as long as short |
| edgeX SPYUSDC | +0.0144% | 4h | 774.21 | −0.022% | $640K | $242K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.47 | +0.011% | $10K | — | 26x | as long as short |
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter RH SPY
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]