Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Gate against Orderly−0.057%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 −$3 a day on $10k at the current rate, and Gate is 0.057% cheaper against Orderly than usual: you would sell low and buy high (−$6 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 | 774.59 | 0.0100 | pay 0.0100% / 8h | 7h 56m | $1K | — | 20x |
| Short | Gate SPY_USDT | 774.15 | 0 | get 0.0000% / 8h | 7h 56m | $762K | $2.3M | 75x |
Orderly PERP_SPY_USDC_mythos
Gate SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.057% → 0.000%
- −$5.68
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$47.68
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Gate: 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 Gate live order book, 1 min ago | 2.52 bp | 12.7 bp −$13 | 14.8 bp −$148 | 62.1 bp −$6,208 | 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 | −0.0109% | 8h | 774.60 | +0.001% | $412K | $571K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.95 | −0.083% | $161K | $295K | 20x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.42 | −0.151% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.46 | −0.016% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.69 | +0.013% | $6.2M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.59 | 0.000% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDTshort | 0.0000% | 8h | 774.15 | −0.057% | $762K | $2.3M | 75x | |
| SunX SPY-USDT | 0.0000% | 8h | 775.69 | +0.142% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.019% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0010% | 8h | 774.60 | +0.001% | $28.6M | $11.4M | 100x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Arcus SPY-USD
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0011% | 8h | 774.62 | +0.004% | $28.5M | $82.4M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0024% | 8h | 774.61 | +0.003% | $157K | $400K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.42 | −0.022% | $8.2M | $21.2M | 50x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.80 | +0.027% | $57.2M | $112.0M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | −0.170% | — | $123K | 50x | as long as short |
| Bitget SPYUSDT | +0.0048% | 8h | 774.71 | +0.015% | $11.0M | $2.5M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.64 | −0.123% | $4.8M | $848K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.56 | −0.133% | $955K | $578K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.09 | −0.065% | $2.5M | $952K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.00 | −0.076% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythoslong | +0.0100% | 8h | 774.59 | long leg | $1K | — | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 774.11 | −0.062% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 774.35 | −0.031% | $23K | $59K | 20x | as long as short |
| edgeX SPYUSDC | +0.0145% | 4h | 774.42 | −0.022% | $640K | $240K | 20x | as long as short |
| Nado SPY-PERP | +0.0150% | 1h | 773.99 | −0.077% | $1.5M | $292K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.62 | +0.003% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.66 | +0.009% | $6.9M | $5.2M | 25x | as long as short |
Binance SPYUSDT
GRVT SPY_USDT_Perp
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Bitget SPYUSDT
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC