Funding you earn now, next payment 23:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h −0.007%
Price spread now: Nado against MEXC−0.052%7-day average −0.016% · 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−$16as in the Price arb table
costs, in and out, $10k−$130.129% of the position
Funding, last 3 days (all we have)−0.049%−$5 on $10k
+Price spread, last 7 days+0.085%+$8 · spread now −0.052%, 7d avg −0.016%
=Together, before fees+0.036%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.035% cheaper against MEXC than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.016%). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SPY_USDT | 774.01 | 0 | get 0.0000% / 8h | 1h 46m | $26.0M | $12.0M | 100x |
| Short | Nado SPY-PERP | 773.61 | 0.0076 | get 0.0010% / 1h | 46m 24s | $1.5M | $309K | 20x |
MEXC SPY_USDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $16.04
- Price spread: −0.052% → −0.016%
- −$3.53
- Slippage, 4 orders
- −$5.95
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$0.44
- Costs to cover
- 0.129%
- Break-even
- 7.2 days
Slippage from MEXC: live order book, 2 min ago; Nado: live order book, 2 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, 2 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.1 bp −$6 | 0.9 bp −$463 |
| Sell Nado live order book, 2 min ago | 0.06 bp | 6.5 bp −$7 | 16.5 bp −$165 | 40.7 bp −$4,068 | 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 | 774.00 | −0.001% | $414K | $704K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.19 | −0.106% | $949K | $1.3M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.52 | −0.063% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.88 | −0.017% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.02 | +0.001% | $28.3M | $84.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.04 | +0.004% | $6.2M | $2.2M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.06 | +0.006% | $8.0M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.42 | −0.076% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDTlong | 0.0000% | 8h | 774.01 | long leg | $26.0M | $12.0M | 100x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.09 | +0.010% | $157K | $454K | 10x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.09 | +0.140% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.13 | +0.016% | $308K | $20K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.85 | −0.021% | $8.6M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.30 | +0.037% | $56.3M | $120.2M | 50x | as long as short |
| Bitget SPYUSDT | +0.0037% | 8h | 773.99 | −0.003% | $10.8M | $3.0M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.87 | −0.147% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.22 | −0.102% | $4.8M | $921K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.52 | −0.063% | $955K | $648K | 20x | as long as short |
| Nado SPY-PERPshort | +0.0076% | 1h | 773.61 | −0.052% | $1.5M | $309K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.46 | −0.071% | $2.5M | $982K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.72 | −0.037% | $154K | $16K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.99 | −0.003% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.53 | −0.062% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.21 | +0.026% | $6.9M | $5.4M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.02 | +0.002% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0215% | 1h | 773.91 | −0.013% | $23K | $75K | 20x | as long as short |
| edgeX SPYUSDC | +0.0390% | 4h | 773.96 | −0.006% | $639K | $241K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
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
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC