Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%
Price spread now: MEXC against OKX+0.021%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$120.115% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now +0.021%, 7d avg +0.012%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SPY-USDT-SWAP | 774.10 | 0 | get 0.0000% / 8h | 3h 47m | $7.9M | $3.3M | 50x |
| Short | MEXC SPY_USDT | 774.26 | 0 | get 0.0000% / 8h | 3h 47m | $28.3M | $12.1M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.021% → +0.012%
- $0.91
- Slippage, 4 orders
- −$1.54
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$10.63
- Costs to cover
- 0.115%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 1 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, 5 min ago | 0.06 bp | 6.3 bp −$6 | 9.2 bp −$92 | 19.6 bp −$1,956 | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.1 bp −$6 | 0.7 bp −$330 |
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 | 774.15 | +0.006% | $416K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.59 | −0.066% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.30 | +0.026% | $28.1M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.14 | +0.005% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAPlong | 0.0000% | 8h | 774.10 | long leg | $7.9M | $3.3M | 50x | |
| Gate SPY_USDT | 0.0000% | 8h | 773.86 | −0.031% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDTshort | 0.0000% | 8h | 774.26 | +0.021% | $28.3M | $12.1M | 100x | |
| Bitget SPYUSDT | 0.0000% | 8h | 774.37 | +0.035% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.34 | +0.031% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.25 | +0.149% | $2K | $1.4M | 10x | as long as short |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.46 | +0.047% | $308K | $20K | 50x | as long as short |
| edgeX SPYUSDC | +0.0026% | 4h | 774.04 | −0.008% | $640K | $242K | 20x | as long as short |
| Aster SPYUSDT | +0.0028% | 8h | 774.32 | +0.028% | $865K | $194K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.47 | −0.081% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.10 | −0.129% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.23 | −0.112% | $4.8M | $828K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.006% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0070% | 1h | 773.78 | −0.041% | $1.5M | $282K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.55 | +0.058% | $56.5M | $114.9M | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0074% | 1h | 773.16 | −0.121% | $162K | $24K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.53 | −0.074% | $2.5M | $972K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.12 | +0.003% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.25 | +0.020% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.57 | −0.068% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0120% | 1h | 774.30 | +0.026% | $8.2M | $19.2M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0164% | 1h | 773.98 | −0.016% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.21 | +0.014% | $10K | — | 26x | as long as short |
OKX SPY-USDT-SWAP
MEXC SPY_USDT
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
edgeX SPYUSDC
Aster SPYUSDT
Coinbase International SPY-PERP-INTX
Lighter RH SPY
ApeX Omni SPYUSDT
KuCoin SPYUSDTM
RISEx SPY/USDC
Lighter SPY
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]