Funding you earn now, next payment 00:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.020%
Price spread now: Nado against OKX−0.064%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$250.247% of the position
Funding, last 3 days (all we have)−0.020%−$2 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now −0.064%, 7d avg −0.006%
=Together, before fees+0.068%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.058% cheaper against OKX than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.006%). If the spread goes back, that is −$6 on $10k: about 2.6 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SPY-USDT-SWAP | 774.48 | 0 | get 0.0000% / 8h | 46m 18s | $7.9M | $3.4M | 50x |
| Short | Nado SPY-PERP | 773.98 | 0.0074 | get 0.0009% / 1h | 46m 18s | $1.5M | $301K | 20x |
OKX SPY-USDT-SWAP
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $15.47
- Price spread: −0.064% → −0.006%
- −$5.82
- Slippage, 4 orders
- −$7.74
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$15.09
- Costs to cover
- 0.247%
- Break-even
- 13.8 days
Slippage from OKX: live order book, 2 min ago; Nado: live order book, 2 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 | 6.2 bp −$6 | 7.8 bp −$78 | 16.7 bp −$1,673 | doesn't fit |
| Sell Nado live order book, 2 min ago | 0.19 bp | 5.6 bp −$6 | 15.9 bp −$159 | 41.5 bp −$4,153 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.53 | −0.123% | $940K | $1.5M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.44 | −0.005% | $369K | $726K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.84 | −0.083% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | −0.023% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.49 | +0.001% | $28.6M | $83.1M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.30 | −0.023% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAPlong | 0.0000% | 8h | 774.48 | long leg | $7.9M | $3.4M | 50x | |
| Gate SPY_USDT | 0.0000% | 8h | 773.93 | −0.071% | $747K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.47 | −0.001% | $27.3M | $11.6M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.64 | +0.021% | $157K | $411K | 10x | as long as short |
Arcus SPY-USD
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
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-USDT | 0.0000% | 8h | 775.48 | +0.129% | $1K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.62 | +0.018% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDT | +0.0023% | 8h | 774.58 | +0.013% | $11.0M | $2.6M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.32 | −0.021% | $8.4M | $21.7M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.73 | +0.032% | $57.1M | $117.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.24 | −0.160% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.119% | $955K | $584K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.71 | −0.099% | $4.8M | $861K | 20x | as long as short |
| Nado SPY-PERPshort | +0.0074% | 1h | 773.98 | −0.064% | $1.5M | $301K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.87 | −0.079% | $2.5M | $976K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.86 | −0.080% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.41 | −0.009% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.91 | −0.074% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.58 | +0.013% | $6.9M | $5.2M | 25x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0151% | 1h | 774.29 | −0.025% | $23K | $58K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.48 | −0.001% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0409% | 4h | 774.34 | −0.018% | $640K | $241K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC