Funding you earn now, next payment 11:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h +0.015%
Price spread now: Nado against HTX−0.112%7-day average −0.070% · 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−$44as in the Price arb table
costs, in and out, $10k−$400.399% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.112%, 7d avg −0.070%
=Together, before fees−0.016%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.042% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.070%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SPY-USDT | 775.00 | 0 | get 0.0000% / 8h | 5h 57m | $300K | $38K | 50x |
| Short | Nado SPY-PERP | 774.13 | −0.0023 | pay 0.0003% / 1h | 57m 05s | $1.5M | $264K | 20x |
HTX SPY-USDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against HTX. 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
- −$4.77
- Price spread: −0.112% → −0.070%
- −$4.21
- Slippage, 4 orders
- −$20.9
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$48.88
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from HTX: live order book, 53 min ago; Nado: 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 HTX live order book, 53 min ago | 6.85 bp | 13.9 bp −$14 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 0.06 bp | 5.4 bp −$5 | 14.2 bp −$142 | 39.0 bp −$3,899 | doesn't fit |
SPY on 27 exchanges
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 | 774.66 | −0.044% | $416K | $419K | 50x | as long as short |
| Nado SPY-PERPshort | −0.0023% | 1h | 774.13 | −0.112% | $1.5M | $264K | 20x | |
| Aster SPYUSDT | 0.0000% | 8h | 774.65 | −0.045% | $863K | $200K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.63 | −0.047% | $28.5M | $75.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.42 | −0.075% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.60 | −0.052% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.50 | −0.064% | $7.1M | $3.3M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.07 | −0.120% | $790K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.62 | −0.049% | $29.2M | $13.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.63 | −0.048% | $11.1M | $1.6M | 50x | as long as short |
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.60 | −0.052% | $161K | $346K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.74 | +0.095% | $2K | $1.2M | 10x | as long as short |
| HTX SPY-USDTlong | 0.0000% | 8h | 775.00 | long leg | $300K | $38K | 50x | |
| Deribit SPY_USDC-PERPETUAL | +0.0008% | 1h | 774.27 | −0.094% | $23K | $39K | 20x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 773.78 | −0.157% | $158K | $74K | 20x | as long as short |
| Arcus SPY-USD | +0.0015% | 1h | 773.63 | −0.177% | $977K | $1.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.43 | −0.074% | $7.8M | $16.2M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.74 | −0.034% | $56.8M | $114.2M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.38 | −0.209% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.83 | −0.151% | $4.8M | $846K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.22 | −0.101% | $952K | $171K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.02 | −0.126% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.48 | −0.196% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.53 | −0.061% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.99 | −0.130% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.62 | −0.050% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0542% | 4h | 774.20 | −0.103% | $640K | $243K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Phoenix SPY
Arcus SPY-USD
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC