Funding you earn now, next payment 23:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.035%
Price spread now: SunX against Nado+0.182%48s7-day average +0.179% · 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−$2492.491% of the position
Funding, last 3 days (all we have)+0.007%+$1 on $10k
+Price spread, last 3 days (all we have)+0.021%+$2 · spread now +0.182%, 7d avg +0.179%
=Together, before fees+0.028%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.179%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 48 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 | 773.71 | 0.0075 | pay 0.0009% / 1h | 48m 22s | $1.5M | $309K | 20x |
| Short | SunX SPY-USDT | 775.12 | 0 | get 0.0000% / 8h | 1h 48m | $2K | $1.6M | 10x |
Nado SPY-PERP
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$15.74
- Price spread: +0.182% → +0.179%
- $0.32
- Slippage, 4 orders
- −$234.06
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$264.48
- Costs to cover
- 2.491%
- Break-even
- never at this rate
Slippage from Nado: live order book, just now; SunX: live order book, 7 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, just now | 0.06 bp | 6.3 bp −$6 | 14.0 bp −$140 | 39.3 bp −$3,929 | doesn't fit |
| Sell SunX live order book, 7 min ago | 29.09 bp | 128.8 bp −$129 | doesn't fit | 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 | −0.0120% | 8h | 774.05 | +0.043% | $414K | $704K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.27 | −0.057% | $949K | $1.3M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.52 | −0.025% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.93 | +0.028% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.98 | +0.034% | $28.3M | $84.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.05 | +0.043% | $6.2M | $2.2M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.08 | +0.047% | $8.0M | $3.5M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.49 | −0.029% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.96 | +0.032% | $26.0M | $12.0M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.09 | +0.049% | $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
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-USDTshort | 0.0000% | 8h | 775.12 | +0.182% | $2K | $1.6M | 10x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.17 | +0.059% | $308K | $20K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.94 | +0.029% | $8.6M | $22.2M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.47 | +0.098% | $56.3M | $120.0M | 50x | as long as short |
| Bitget SPYUSDT | +0.0038% | 8h | 774.11 | +0.051% | $10.8M | $3.0M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.84 | −0.113% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.34 | −0.048% | $4.8M | $920K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.52 | −0.025% | $955K | $648K | 20x | as long as short |
| Nado SPY-PERPlong | +0.0075% | 1h | 773.71 | long leg | $1.5M | $309K | 20x | |
| Deribit SPY_USDC-PERPETUAL | +0.0086% | 1h | 773.92 | +0.027% | $23K | $75K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.52 | −0.025% | $2.5M | $981K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.56 | −0.020% | $154K | $16K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.99 | +0.036% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.57 | −0.019% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.29 | +0.075% | $6.9M | $5.4M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 773.97 | +0.032% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0390% | 4h | 773.96 | +0.032% | $639K | $241K | 20x | as long as short |
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC