Funding you earn now, next payment 07:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.014%
Price spread now: RISEx against GRVT+0.015%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$200.197% of the position
Funding, last 4 days (all we have)+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.015%, 7d avg −0.040%
=Together, before fees−0.005%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.054% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT SPY_USDT_Perp | 774.46 | 0 | get 0.0000% / 8h | 1h 40m | $169K | $351K | 10x |
| Short | RISEx SPY/USDC | 774.57 | 0.0043 | get 0.0005% / 1h | 40m 44s | $7.0M | $4.1M | 25x |
GRVT SPY_USDT_Perp
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $8.95
- Price spread: +0.015% → −0.040%
- $5.41
- Slippage, 4 orders
- −$4.73
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$5.37
- Costs to cover
- 0.197%
- Break-even
- 11.2 days
Slippage from GRVT: live order book, 2 min ago; RISEx: 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, 2 min ago | 2.00 bp | 6.5 bp −$7 | 7.8 bp −$78 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 3 min ago | 0.06 bp | 3.1 bp −$3 | 3.4 bp −$34 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0254% | 1h | 773.03 | −0.185% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.048% | $419K | $472K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.76 | −0.090% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0069% | 1h | 773.14 | −0.170% | $4.7M | $832K | 20x | as long as short |
| Nado SPY-PERP | −0.0031% | 1h | 774.12 | −0.044% | $1.5M | $255K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.15 | −0.040% | $863K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.32 | −0.017% | $28.6M | $78.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.15 | −0.040% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.20 | −0.034% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.86 | −0.077% | $770K | $2.4M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Ondo Perps SPY-USD.P
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.32 | −0.018% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.003% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perplong | 0.0000% | 8h | 774.46 | long leg | $169K | $351K | 10x | |
| SunX SPY-USDT | 0.0000% | 8h | 775.44 | +0.127% | $1K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.04 | −0.054% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.63 | +0.022% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.42 | −0.005% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.70 | +0.031% | $56.3M | $118.2M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.77 | −0.089% | $950K | $555K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.47 | −0.128% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDCshort | +0.0043% | 1h | 774.57 | +0.015% | $7.0M | $4.1M | 25x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.39 | −0.138% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.62 | −0.108% | $2.5M | $995K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.28 | −0.023% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.76 | −0.090% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.33 | −0.017% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0249% | 4h | 774.19 | −0.035% | $640K | $243K | 20x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
Vest SPY-USD-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC