Funding you earn now, next payment 03:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.047%
Price spread now: RISEx against Nado+0.073%7-day average +0.005% · 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−$13as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Funding, last 3 days (all we have)+0.089%+$9 on $10k
+Price spread, last 7 days−0.106%−$11 · spread now +0.073%, 7d avg +0.005%
=Together, before fees−0.017%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.068% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPY-PERP | 774.03 | 0.0050 | pay 0.0006% / 1h | 0m 33s | $1.5M | $292K | 20x |
| Short | RISEx SPY/USDC | 774.59 | 0.0097 | get 0.0012% / 1h | 0m 33s | $7.0M | $5.0M | 25x |
Nado SPY-PERP
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $9.95
- Price spread: +0.073% → +0.005%
- $6.75
- Slippage, 4 orders
- −$6.34
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$2.64
- Costs to cover
- 0.193%
- Break-even
- 8.9 days
Slippage from Nado: live order book, 3 min ago; RISEx: live order book, 4 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, 3 min ago | 0.06 bp | 7.1 bp −$7 | 14.9 bp −$149 | 56.2 bp −$5,625 | doesn't fit |
| Sell RISEx live order book, 4 min ago | 0.06 bp | 3.4 bp −$3 | 4.3 bp −$43 | 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 | −0.0105% | 8h | 774.43 | +0.052% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0098% | 1h | 773.48 | −0.071% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.77 | −0.033% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.52 | +0.064% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.95 | −0.010% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.56 | +0.069% | $10.9M | $1.9M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.55 | +0.197% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.67 | +0.083% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0001% | 8h | 774.38 | +0.045% | $7.9M | $3.3M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0005% | 8h | 774.55 | +0.067% | $162K | $375K | 10x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0014% | 8h | 774.41 | +0.049% | $24.0M | $12.2M | 100x | as long as short |
| Binance SPYUSDT | +0.0015% | 8h | 774.41 | +0.050% | $28.3M | $79.6M | 50x | as long as short |
| Aster SPYUSDT | +0.0020% | 8h | 774.59 | +0.073% | $865K | $194K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.68 | −0.045% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.18 | −0.110% | — | $123K | 50x | as long as short |
| Nado SPY-PERPlong | +0.0050% | 1h | 774.03 | long leg | $1.5M | $292K | 20x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.57 | −0.059% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.003% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.38 | +0.045% | $8.3M | $21.1M | 50x | as long as short |
| Lighter RH SPY | +0.0088% | 1h | 774.71 | +0.088% | $56.4M | $116.5M | 50x | as long as short |
| RISEx SPY/USDCshort | +0.0097% | 1h | 774.59 | +0.073% | $7.0M | $5.0M | 25x | |
| Deribit SPY_USDC-PERPETUAL | +0.0099% | 1h | 774.15 | +0.016% | $23K | $55K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.79 | −0.031% | $2.5M | $980K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | +0.045% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.87 | −0.021% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.43 | +0.053% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0795% | 4h | 774.31 | +0.036% | $640K | $242K | 20x | as long as short |
MEXC SPY_USDT
Binance SPYUSDT
Aster SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC