Funding you earn now, next payment 03:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.017%
Price spread now: Deribit against MEXC−0.059%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Deribit is 0.059% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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 | MEXC SPY_USDT | 774.46 | 0.0013 | pay 0.0013% / 8h | 5h 06m | $24.0M | $12.1M | 100x |
| Short | Deribit SPY_USDC-PERPETUAL | 774.00 | 0 | get 0.0000% / 1h | 6m 30s | $23K | $55K | 20x |
MEXC SPY_USDT
Deribit SPY_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against MEXC. 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
- −$2.73
- Price spread: −0.059% → 0.000%
- −$5.94
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$15.67
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 2 min ago; Deribit: 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 MEXC live order book, 2 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.1 bp −$6 | 0.9 bp −$463 |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.0106% | 8h | 774.50 | +0.005% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0094% | 1h | 773.48 | −0.127% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.86 | −0.077% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.61 | +0.019% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.93 | −0.068% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.61 | +0.019% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.54 | +0.011% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.62 | +0.150% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUALshort | 0.0000% | 1h | 774.00 | −0.059% | $23K | $55K | 20x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.71 | +0.032% | $308K | $20K | 50x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SPY-USDT-SWAP | +0.0001% | 8h | 774.54 | +0.010% | $7.9M | $3.3M | 50x | as long as short |
| MEXC SPY_USDTlong | +0.0013% | 8h | 774.46 | long leg | $24.0M | $12.1M | 100x | |
| Aster SPYUSDT | +0.0014% | 8h | 774.50 | +0.005% | $863K | $194K | 20x | as long as short |
| Binance SPYUSDT | +0.0014% | 8h | 774.44 | −0.003% | $28.3M | $79.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.68 | −0.101% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.19 | −0.164% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0049% | 1h | 774.00 | −0.059% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.55 | −0.118% | $4.8M | $842K | 20x | as long as short |
| Lighter SPY | +0.0056% | 1h | 774.40 | −0.008% | $8.3M | $21.1M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.053% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.72 | +0.034% | $56.4M | $115.6M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.58 | +0.016% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.78 | −0.088% | $2.5M | $981K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.36 | −0.013% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.88 | −0.076% | $87K | — | 10x | as long as short |
| edgeX SPYUSDC | +0.0123% | 4h | 774.35 | −0.014% | $640K | $241K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.50 | +0.006% | $10K | — | 26x | as long as short |
OKX SPY-USDT-SWAP
Aster SPYUSDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Lighter SPY
Coinbase International SPY-PERP-INTX
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]