Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.010%
Price spread now: Bitget against Nado+0.063%52s7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.267% of the position
Funding, last 4 days (all we have)+0.028%+$3 on $10k
+Price spread, last 7 days−0.063%−$6 · spread now +0.063%, 7d avg +0.026%
=Together, before fees−0.035%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.037% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.026%. 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 | Nado SPY-PERP | 774.01 | 0.0009 | pay 0.0001% / 1h | 38m 46s | $1.6M | $245K | 20x |
| Short | Bitget SPYUSDT | 774.50 | 0 | get 0.0000% / 8h | 38m 46s | $10.9M | $1.6M | 50x |
Nado SPY-PERP
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$1.87
- Price spread: +0.063% → +0.026%
- $3.69
- Slippage, 4 orders
- −$7.69
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$24.86
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from Nado: live order book, 5 min ago; Bitget: 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 Nado live order book, 5 min ago | 0.06 bp | 7.1 bp −$7 | 16.2 bp −$162 | 57.7 bp −$5,772 | doesn't fit |
| Sell Bitget live order book, 5 min ago | 0.06 bp | 7.1 bp −$7 | 9.6 bp −$96 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0186% | 1h | 773.21 | −0.103% | $164K | $25K | 50x | as long as short |
| Phoenix SPY | −0.0155% | 1h | 773.84 | −0.022% | $161K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | +0.012% | $417K | $446K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.28 | +0.034% | $863K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.26 | +0.032% | $28.6M | $76.0M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.11 | +0.013% | $6.2M | $1.6M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.28 | +0.035% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.82 | −0.025% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.25 | +0.031% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDTshort | 0.0000% | 8h | 774.50 | +0.063% | $10.9M | $1.6M | 50x |
ApeX Omni SPYUSDT
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.38 | +0.047% | $169K | $364K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.39 | +0.178% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.88 | −0.017% | $23K | $54K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.46 | +0.058% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERPlong | +0.0009% | 1h | 774.01 | long leg | $1.6M | $245K | 20x | |
| RISEx SPY/USDC | +0.0014% | 1h | 774.52 | +0.066% | $7.1M | $4.1M | 25x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.92 | −0.012% | $950K | $530K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.52 | +0.066% | $56.8M | $118.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.63 | −0.049% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.18 | −0.107% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.49 | −0.067% | $4.8M | $866K | 20x | as long as short |
| Lighter SPY | +0.0072% | 1h | 774.34 | +0.043% | $8.0M | $17.7M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.68 | −0.043% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.14 | +0.017% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.68 | −0.043% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.25 | +0.032% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0837% | 4h | 774.25 | +0.031% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC