Funding you earn now, next payment 09:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.002%
Price spread now: Nado against GRVT−0.090%59s7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.282% of the position
Funding, last 4 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.090%, 7d avg −0.051%
=Together, before fees−0.026%+ Points / potential airdropGRVT: Active · Nado: Active · farm board−$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.039% cheaper against GRVT than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of −0.051%). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day). The two prices were read 59 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 | 772.45 | 0 | get 0.0000% / 8h | 7h 25m | $159K | $330K | 10x |
| Short | Nado SPY-PERP | 771.75 | 0.0092 | get 0.0012% / 1h | 25m 29s | $1.5M | $252K | 20x |
GRVT SPY_USDT_Perp
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $19.33
- Price spread: −0.090% → −0.051%
- −$3.91
- Slippage, 4 orders
- −$12.16
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$12.75
- Costs to cover
- 0.282%
- Break-even
- 11.6 days
Slippage from GRVT: live order book, 7 min ago; Nado: live order book, 3 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 | 1.68 bp | 6.2 bp −$6 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.13 bp | 9.7 bp −$10 | 19.1 bp −$191 | 43.9 bp −$4,390 | 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 | 772.15 | −0.039% | $417K | $436K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 771.58 | −0.112% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.14 | −0.040% | $863K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.10 | −0.045% | $28.6M | $75.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 771.95 | −0.064% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.09 | −0.046% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 771.89 | −0.072% | $790K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.13 | −0.041% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.35 | −0.013% | $10.9M | $1.6M | 50x | as long as short |
| GRVT SPY_USDT_Perplong | 0.0000% | 8h | 772.45 | long leg | $159K | $330K | 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 | 773.18 | +0.095% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 771.76 | −0.089% | $299K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 772.29 | −0.020% | $56.7M | $119.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 771.36 | −0.141% | $923K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.04 | −0.182% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.35 | −0.142% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 771.85 | −0.077% | $950K | $507K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0087% | 1h | 771.82 | −0.081% | $23K | $55K | 20x | as long as short |
| Nado SPY-PERPshort | +0.0092% | 1h | 771.75 | −0.090% | $1.5M | $252K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 771.60 | −0.110% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 771.86 | −0.076% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.09 | −0.046% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 771.49 | −0.124% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 772.10 | −0.045% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.07 | −0.050% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.27 | −0.023% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0948% | 4h | 771.98 | −0.060% | $638K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
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
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC