Funding you earn now, next payment 23:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h −0.005%
Price spread now: Orderly against Nado+0.044%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.044% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPY-PERP | 773.84 | 0.0045 | pay 0.0006% / 1h | 6m 07s | $1.5M | $304K | 20x |
| Short | Orderly PERP_SPY_USDC_mythos | 774.18 | 0.0100 | get 0.0100% / 8h | 1h 06m | $1K | — | 20x |
Nado SPY-PERP
Orderly PERP_SPY_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $11.59
- Price spread: +0.044% → 0.000%
- $4.37
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $2.96
- Costs to cover
- 0.130%
- Break-even
- 5.2 days
Slippage unknown: Nado: live order book, 3 min ago; Orderly: 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 Nado live order book, 3 min ago | 0.19 bp | 6.9 bp −$7 | 15.2 bp −$152 | 40.1 bp −$4,010 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0120% | 8h | 774.27 | +0.055% | $413K | $726K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.22 | −0.080% | $939K | $1.4M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.66 | −0.023% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | +0.059% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.26 | +0.054% | $28.5M | $83.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.38 | +0.070% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.33 | +0.063% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.66 | −0.023% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.26 | +0.054% | $27.3M | $12.5M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.29 | +0.058% | $157K | $419K | 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
MEXC 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 | 775.32 | +0.191% | $2K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.98 | +0.018% | $23K | $67K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.086% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDT | +0.0014% | 8h | 774.25 | +0.053% | $11.0M | $2.7M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.09 | +0.032% | $8.6M | $22.5M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.48 | +0.082% | $57.0M | $122.5M | 50x | as long as short |
| Nado SPY-PERPlong | +0.0045% | 1h | 773.84 | long leg | $1.5M | $304K | 20x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.09 | −0.097% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.49 | −0.045% | $4.8M | $910K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.56 | −0.036% | $955K | $630K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.78 | −0.008% | $2.5M | $980K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.89 | +0.006% | $158K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythosshort | +0.0100% | 8h | 774.18 | +0.044% | $1K | — | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.73 | −0.015% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.39 | +0.070% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.25 | +0.053% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0348% | 4h | 774.08 | +0.031% | $640K | $240K | 20x | as long as short |
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC