Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%
Price spread now: Gate against MEXC−0.045%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$260.258% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.045%, 7d avg −0.026%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SPY_USDT | 774.16 | 0 | get 0.0000% / 8h | 6h 59m | $19.1M | $12.1M | 100x |
| Short | Gate SPY_USDT | 773.81 | 0 | get 0.0000% / 8h | 6h 59m | $792K | $2.5M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: −0.045% → −0.026%
- −$1.95
- Slippage, 4 orders
- −$10.76
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$27.71
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Gate: 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 MEXC live order book, 4 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.5 bp −$50 | 2.1 bp −$1,048 |
| Sell Gate live order book, 3 min ago | 2.91 bp | 12.7 bp −$13 | 16.5 bp −$165 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.009% | $413K | $410K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 773.82 | −0.044% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.93 | −0.030% | $862K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.14 | −0.003% | $28.5M | $76.2M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.10 | −0.008% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.14 | −0.003% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDTshort | 0.0000% | 8h | 773.81 | −0.045% | $792K | $2.5M | 75x | |
| MEXC SPY_USDTlong | 0.0000% | 8h | 774.16 | long leg | $19.1M | $12.1M | 100x | |
| Bitget SPYUSDT | 0.0000% | 8h | 774.29 | +0.017% | $11.0M | $1.5M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.33 | +0.151% | $2K | $1.3M | 10x | as long as short |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.94 | −0.028% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.052% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0007% | 1h | 773.86 | −0.039% | $1.5M | $251K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.34 | +0.023% | $56.8M | $114.9M | 50x | as long as short |
| Lighter SPY | +0.0040% | 1h | 774.07 | −0.012% | $7.9M | $17.1M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.23 | −0.120% | $968K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.15 | −0.130% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.48 | −0.088% | $4.8M | $850K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.60 | −0.202% | $951K | $505K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.61 | −0.071% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.09 | −0.138% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.17 | +0.001% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.78 | −0.049% | $87K | — | 10x | as long as short |
| GRVT SPY_USDT_Perp | +0.0120% | 8h | 774.22 | +0.008% | $161K | $341K | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.25 | +0.011% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 774.25 | +0.011% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0762% | 4h | 774.15 | −0.001% | $640K | $243K | 20x | as long as short |
MEXC SPY_USDT
Gate SPY_USDT
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Bitget SPYUSDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter RH SPY
Lighter SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
GRVT SPY_USDT_Perp
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC