Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: ApeX Omni against Nado−0.013%7-day average +0.010% · 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−$48as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 3 days (all we have)+0.101%+$10 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.013%, 7d avg +0.010%
=Together, before fees+0.094%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.022% cheaper against Nado than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.010%). If the spread goes back, that is −$2 on $10k: about 5.1 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.101% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPY-PERP | 774.06 | 0.0085 | pay 0.0011% / 1h | 16m 54s | $1.5M | $293K | 20x |
| Short | ApeX Omni SPYUSDT | 773.96 | 0.0100 | get 0.0013% / 1h | 16m 54s | $159K | $23K | 50x |
Nado SPY-PERP
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Nado. 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
- $3.09
- Price spread: −0.013% → +0.010%
- −$2.25
- Slippage, 4 orders
- −$28.83
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$44.99
- Costs to cover
- 0.458%
- Break-even
- 108.9 days
Slippage from Nado: live order book, 2 min ago; ApeX Omni: live order book, 59 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 Nado live order book, 2 min ago | 0.06 bp | 6.9 bp −$7 | 13.9 bp −$139 | 38.4 bp −$3,839 | doesn't fit |
| Sell ApeX Omni live order book, 59 min ago | 2.46 bp | 19.0 bp −$19 | 84.1 bp −$841 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.55 | −0.066% | $941K | $1.4M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.58 | +0.068% | $413K | $571K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.79 | −0.035% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | +0.031% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.54 | +0.063% | $28.6M | $82.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.44 | +0.049% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.47 | +0.053% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.97 | −0.011% | $758K | $2.3M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.55 | +0.064% | $28.0M | $11.9M | 100x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.65 | +0.206% | $2K | $1.5M | 10x | as long as short |
Arcus SPY-USD
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.14 | +0.011% | $23K | $58K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.79 | +0.095% | $308K | $20K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0011% | 8h | 774.59 | +0.069% | $157K | $411K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.41 | +0.046% | $8.2M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.73 | +0.087% | $56.9M | $119.8M | 50x | as long as short |
| Bitget SPYUSDT | +0.0036% | 8h | 774.49 | +0.056% | $11.0M | $2.6M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.26 | −0.103% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.064% | $955K | $583K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.88 | −0.023% | $4.8M | $847K | 20x | as long as short |
| Nado SPY-PERPlong | +0.0085% | 1h | 774.06 | long leg | $1.5M | $293K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.98 | −0.010% | $2.5M | $967K | 20x | as long as short |
| ApeX Omni SPYUSDTshort | +0.0100% | 1h | 773.96 | −0.013% | $159K | $23K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.53 | +0.061% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.06 | 0.000% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.64 | +0.076% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.59 | +0.068% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0533% | 4h | 774.37 | +0.041% | $640K | $242K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
GRVT SPY_USDT_Perp
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC