Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.004%
Price spread now: Bitget against Orderly+0.022%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 pays, funding is against you. Bitget is 0.022% dearer against Orderly than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPY_USDC_mythos | 774.36 | 0.0100 | pay 0.0100% / 8h | 5h 37m | $1K | — | 20x |
| Short | Bitget SPYUSDT | 774.53 | 0 | get 0.0000% / 8h | 5h 37m | $10.9M | $2.0M | 50x |
Orderly PERP_SPY_USDC_mythos
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.022% → 0.000%
- $2.2
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$36.8
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 0.06 bp | 6.9 bp −$7 | 8.7 bp −$87 | 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 | −0.0110% | 8h | 774.41 | +0.006% | $418K | $474K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0058% | 1h | 773.21 | −0.149% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.76 | −0.077% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.43 | +0.009% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.40 | +0.005% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.88 | −0.062% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDTshort | 0.0000% | 8h | 774.53 | +0.022% | $10.9M | $2.0M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.45 | +0.012% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.51 | +0.149% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.99 | −0.048% | $23K | $55K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.57 | +0.027% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0004% | 8h | 774.45 | +0.012% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0009% | 8h | 774.42 | +0.008% | $22.6M | $11.9M | 100x | as long as short |
| Binance SPYUSDT | +0.0010% | 8h | 774.44 | +0.010% | $28.3M | $79.9M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.49 | −0.112% | $935K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.149% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0048% | 1h | 773.96 | −0.051% | $1.5M | $288K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.110% | $4.8M | $842K | 20x | as long as short |
| Lighter SPY | +0.0056% | 1h | 774.32 | −0.005% | $8.3M | $21.0M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.040% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.68 | +0.041% | $56.6M | $113.6M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.60 | +0.031% | $6.9M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.68 | −0.088% | $2.5M | $975K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythoslong | +0.0100% | 8h | 774.36 | long leg | $1K | — | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.83 | −0.069% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.46 | +0.012% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0740% | 4h | 774.27 | −0.012% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Lighter SPY
Coinbase International SPY-PERP-INTX
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC