Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.017%
Price spread now: Binance against Orderly+0.016%7-day average — · you sell dearer than you buy
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| 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 | 7h 02m | $1K | — | 20x |
| Short | Binance SPYUSDT | 774.31 | 0 | get 0.0000% / 8h | 7h 02m | $28.5M | $76.2M | 50x |
Orderly PERP_SPY_USDC_mythos
Binance SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$21
- Price spread: +0.016% → 0.000%
- $1.55
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$35.45
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 10 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 Binance live order book, 10 min ago | 0.06 bp | 5.1 bp −$5 | 5.2 bp −$52 | 10.5 bp −$1,053 | 32.2 bp −$16.1K |
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 | 774.10 | −0.012% | $414K | $410K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 773.69 | −0.065% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.08 | −0.014% | $862K | $199K | 20x | as long as short |
| Binance SPYUSDTshort | 0.0000% | 8h | 774.31 | +0.016% | $28.5M | $76.2M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.25 | +0.008% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.29 | +0.013% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.85 | −0.044% | $792K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.30 | +0.014% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.42 | +0.030% | $11.0M | $1.5M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.45 | +0.163% | $2K | $1.3M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
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 | 774.58 | +0.050% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0010% | 1h | 774.07 | −0.015% | $1.5M | $251K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.50 | +0.040% | $56.8M | $121.2M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.27 | −0.119% | $969K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | −0.119% | — | $85K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.11 | −0.010% | $23K | $55K | 20x | as long as short |
| Lighter SPY | +0.0048% | 1h | 774.22 | +0.004% | $7.9M | $17.2M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.78 | −0.182% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.60 | −0.205% | $951K | $505K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.82 | −0.048% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.09 | −0.142% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythoslong | +0.0100% | 8h | 774.19 | long leg | $1K | — | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.89 | −0.038% | $87K | — | 10x | as long as short |
| GRVT SPY_USDT_Perp | +0.0120% | 8h | 774.22 | +0.004% | $161K | $341K | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.30 | +0.015% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 774.24 | +0.006% | $7.2M | $3.6M | 25x | as long as short |
| edgeX SPYUSDC | +0.0762% | 4h | 774.15 | −0.005% | $640K | $243K | 20x | as long as short |
HTX SPY-USDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Aevo SPY-PERP
GRVT SPY_USDT_Perp
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC