Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%
Price spread now: Gate against OKX−0.035%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now −0.035%, 7d avg −0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.022% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SPY-USDT-SWAP | 774.06 | 0 | get 0.0000% / 8h | 3h 29m | $7.9M | $3.3M | 50x |
| Short | Gate SPY_USDT | 773.79 | 0 | get 0.0000% / 8h | 3h 29m | $775K | $2.4M | 75x |
OKX SPY-USDT-SWAP
Gate SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: −0.035% → −0.013%
- −$2.17
- Slippage, 4 orders
- −$11.29
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$38.46
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Gate: live order book, 3 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, 4 min ago | 0.06 bp | 6.6 bp −$7 | 9.3 bp −$93 | 20.4 bp −$2,037 | doesn't fit |
| Sell Gate live order book, 3 min ago | 4.26 bp | 12.2 bp −$12 | 14.9 bp −$149 | 51.7 bp −$5,174 | 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 | 774.18 | +0.016% | $417K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.70 | −0.047% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.22 | +0.021% | $28.1M | $79.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.22 | +0.021% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAPlong | 0.0000% | 8h | 774.06 | long leg | $7.9M | $3.3M | 50x | |
| Gate SPY_USDTshort | 0.0000% | 8h | 773.79 | −0.035% | $775K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.21 | +0.019% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.33 | +0.035% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.19 | +0.017% | $159K | $381K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.29 | +0.159% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.27 | +0.027% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0010% | 8h | 774.07 | +0.001% | $864K | $194K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0032% | 1h | 773.21 | −0.110% | $162K | $24K | 50x | as long as short |
| Nado SPY-PERP | +0.0033% | 1h | 773.99 | −0.009% | $1.5M | $277K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.62 | +0.072% | $56.4M | $117.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.45 | −0.079% | $927K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.18 | −0.114% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.02 | −0.134% | $4.7M | $840K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.001% | $954K | $552K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0073% | 1h | 774.10 | +0.005% | $23K | $56K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.52 | −0.070% | $2.5M | $979K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.18 | +0.016% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.40 | +0.044% | $7.0M | $5.0M | 25x | as long as short |
| edgeX SPYUSDC | +0.0101% | 4h | 774.06 | 0.000% | $640K | $243K | 20x | as long as short |
| Lighter SPY | +0.0104% | 1h | 774.32 | +0.034% | $8.2M | $19.3M | 50x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.66 | −0.052% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.23 | +0.021% | $10K | — | 26x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
ApeX Omni SPYUSDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
edgeX SPYUSDC
Lighter SPY
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]