Funding you earn now, next payment 05:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.004%
Price spread now: ApeX Omni against Orderly−0.092%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.092% cheaper against Orderly than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPY_USDC_mythos | 774.19 | 0.0100 | pay 0.0100% / 8h | 3h 46m | $1K | — | 20x |
| Short | ApeX Omni SPYUSDT | 773.48 | 0.0075 | get 0.0009% / 1h | 46m 47s | $163K | $24K | 50x |
Orderly PERP_SPY_USDC_mythos
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Orderly. 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
- −$5.29
- Price spread: −0.092% → 0.000%
- −$9.17
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$30.46
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 4 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 4 min ago | 9.19 bp | 16.2 bp −$16 | 84.1 bp −$841 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 774.13 | −0.008% | $416K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.59 | −0.078% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.30 | +0.014% | $28.1M | $79.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.30 | +0.014% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.10 | −0.012% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.83 | −0.047% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.29 | +0.013% | $29.0M | $12.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.37 | +0.023% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.32 | +0.016% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.34 | +0.149% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.07 | −0.016% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.47 | +0.036% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0026% | 8h | 774.31 | +0.015% | $865K | $194K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.48 | −0.092% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.15 | −0.134% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.23 | −0.124% | $4.8M | $828K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.018% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0066% | 1h | 773.99 | −0.025% | $1.5M | $282K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.57 | +0.049% | $56.4M | $115.1M | 50x | as long as short |
| ApeX Omni SPYUSDTshort | +0.0075% | 1h | 773.48 | −0.092% | $163K | $24K | 50x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.50 | −0.089% | $2.5M | $972K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythoslong | +0.0100% | 8h | 774.19 | long leg | $1K | — | 20x | |
| RISEx SPY/USDC | +0.0100% | 1h | 774.42 | +0.029% | $7.0M | $5.0M | 25x | as long as short |
| Lighter SPY | +0.0104% | 1h | 774.31 | +0.016% | $8.2M | $19.2M | 50x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.70 | −0.063% | $87K | — | 10x | as long as short |
| edgeX SPYUSDC | +0.0154% | 4h | 774.02 | −0.022% | $640K | $242K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.29 | +0.014% | $10K | — | 26x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Aster SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter RH SPY
KuCoin SPYUSDTM
RISEx SPY/USDC
Lighter SPY
Aevo SPY-PERP
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]