Funding you earn now, next payment 08:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h +0.004%
Price spread now: ApeX Omni against OKX−0.139%90s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days+0.182%+$18 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.139%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.122% cheaper against OKX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.182%, so the current rate has only just turned against you. The two prices were read 90 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 | OKX SPY-USDT-SWAP | 774.29 | 0 | get 0.0000% / 8h | 36m 04s | $7.9M | $3.3M | 50x |
| Short | ApeX Omni SPYUSDT | 773.21 | −0.0186 | pay 0.0023% / 1h | 36m 04s | $164K | $25K | 50x |
OKX SPY-USDT-SWAP
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against OKX. 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
- −$39.09
- Price spread: −0.139% → −0.018%
- −$12.17
- Slippage, 4 orders
- −$10.93
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$82.19
- Costs to cover
- 0.309%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 65 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 OKX live order book, 2 min ago | 0.06 bp | 6.7 bp −$7 | 8.2 bp −$82 | 18.6 bp −$1,855 | doesn't fit |
| Sell ApeX Omni live order book, 65 min ago | 2.52 bp | 11.5 bp −$12 | 78.0 bp −$780 | 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 SPYUSDTshort | −0.0186% | 1h | 773.21 | −0.139% | $164K | $25K | 50x | |
| Phoenix SPY | −0.0155% | 1h | 773.74 | −0.071% | $161K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.026% | $417K | $446K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | +0.001% | $863K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.36 | +0.009% | $28.6M | $76.1M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.10 | −0.025% | $6.2M | $1.6M | 100x | as long as short |
| OKX SPY-USDT-SWAPlong | 0.0000% | 8h | 774.29 | long leg | $7.9M | $3.3M | 50x | |
| Gate SPY_USDT | 0.0000% | 8h | 773.85 | −0.057% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.35 | +0.008% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | +0.026% | $10.9M | $1.6M | 50x | as long as short |
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.35 | +0.008% | $169K | $364K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.45 | +0.150% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.02 | −0.035% | $23K | $54K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.50 | +0.027% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0011% | 1h | 773.99 | −0.039% | $1.5M | $245K | 20x | as long as short |
| RISEx SPY/USDC | +0.0014% | 1h | 774.52 | +0.029% | $7.1M | $4.1M | 25x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.92 | −0.048% | $950K | $530K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.64 | +0.045% | $56.8M | $118.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.61 | −0.088% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.30 | −0.128% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.46 | −0.107% | $4.8M | $865K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.46 | +0.022% | $8.0M | $17.8M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.69 | −0.077% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.25 | −0.005% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.80 | −0.064% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.38 | +0.012% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0910% | 4h | 774.14 | −0.019% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Nado SPY-PERP
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