Funding you earn now, next payment 16:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h −0.016%
Price spread now: GRVT against Orderly+0.006%70s7-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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SPY_USDC_mythos | 774.17 | 0.0100 | pay 0.0100% / 8h | 7h 00m | $1K | — | 20x |
| Short | GRVT SPY_USDT_Perp | 774.22 | 0.0120 | get 0.0120% / 8h | 7h 00m | $161K | $341K | 10x |
Orderly PERP_SPY_USDC_mythos
GRVT SPY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $4.2
- Price spread: +0.006% → 0.000%
- $0.65
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$10.15
- Costs to cover
- 0.150%
- Break-even
- 23.9 days
Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 32 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 GRVT live order book, 32 min ago | 1.68 bp | 7.0 bp −$7 | 8.5 bp −$85 | 139.2 bp −$13.9K | 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 | 774.09 | −0.010% | $413K | $410K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 773.82 | −0.045% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.99 | −0.023% | $862K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.19 | +0.003% | $28.5M | $76.2M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.10 | −0.009% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.14 | −0.004% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.81 | −0.047% | $792K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.18 | +0.001% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.36 | +0.025% | $11.0M | $1.5M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.33 | +0.150% | $2K | $1.3M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.94 | −0.030% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.050% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0007% | 1h | 773.86 | −0.040% | $1.5M | $251K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.39 | +0.028% | $56.8M | $121.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.20 | −0.125% | $968K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.15 | −0.132% | — | $85K | 50x | as long as short |
| Lighter SPY | +0.0048% | 1h | 774.11 | −0.008% | $7.9M | $17.2M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.48 | −0.089% | $4.8M | $850K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.60 | −0.203% | $951K | $505K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.60 | −0.074% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.09 | −0.140% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythoslong | +0.0100% | 8h | 774.17 | long leg | $1K | — | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.78 | −0.050% | $87K | — | 10x | as long as short |
| GRVT SPY_USDT_Perpshort | +0.0120% | 8h | 774.22 | +0.006% | $161K | $341K | 10x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.25 | +0.010% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 774.25 | +0.010% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0762% | 4h | 774.15 | −0.002% | $640K | $243K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Lighter SPY
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC