SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0421%/8h= −46.1% APRnext payment −$0.53 per $10,000 · paid last 24h −0.036%

Price spread now: ApeX Omni against RISEx−0.131%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on RISEx Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.131%, 7d avg −0.016%

Together, before fees+0.098%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and ApeX Omni is 0.115% cheaper against RISEx than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.009% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPY/USDC	774.49	0.0043	pay 0.0005% / 1h	53m 16s	$7.0M	$4.2M	25x
Short	ApeX Omni SPYUSDT	773.48	−0.0378	pay 0.0047% / 1h	53m 16s	$164K	$25K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee ApeX OmnibpOrdersPrice spread, now −0.131%Rate

Funding earned: −$88.41
Price spread: −0.131% → −0.016%: −$11.51
Slippage, 4 orders: −$14.49
Fee RISEx: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$130.42
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; ApeX Omni: live order book, 53 min ago.

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 RISEx live order book, 1 min ago	0.13 bp	3.5 bp −$3	4.4 bp −$44	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 53 min ago	4.20 bp	14.2 bp −$14	82.6 bp −$826	doesn't fit	doesn't fit

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
ApeX Omni SPYUSDTshort	−0.0378%	1h	773.48	−0.131%	$164K	$25K	50x
BloFin SPY-USDT	−0.0120%	8h	774.10	−0.051%	$419K	$473K	50x	as long as short
Phoenix SPY	−0.0114%	1h	773.72	−0.100%	$161K	$294K	20x	as long as short
Nado SPY-PERP	−0.0029%	1h	774.04	−0.059%	$1.6M	$251K	20x	as long as short
Ondo Perps SPY-USD.P	−0.0016%	1h	773.27	−0.158%	$4.7M	$832K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	774.07	−0.055%	$864K	$195K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.25	−0.032%	$28.6M	$79.0M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.27	−0.029%	$6.2M	$1.9M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.16	−0.043%	$8.0M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.83	−0.086%	$770K	$2.4M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPY_USDT	0.0000%	8h	774.24	−0.033%	$29.7M	$11.9M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.49	−0.001%	$10.9M	$1.8M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.46	−0.005%	$169K	$351K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.37	+0.113%	$2K	$1.4M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	774.05	−0.057%	$23K	$56K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	774.45	−0.006%	$300K	$38K	50x	as long as short
Lighter RH SPY	+0.0032%	1h	774.60	+0.014%	$56.2M	$117.3M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0032%	1h	773.77	−0.094%	$950K	$556K	20x	as long as short
Lighter SPY	+0.0040%	1h	774.35	−0.019%	$8.2M	$18.5M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.45	−0.135%	$927K	$1.4M	50x	as long as short
RISEx SPY/USDClong	+0.0043%	1h	774.49	long leg	$7.0M	$4.2M	25x
Vest SPY-USD-PERP	+0.0046%	1h	773.27	−0.158%	—	$123K	50x	as long as short
edgeX SPYUSDC	+0.0080%	4h	774.07	−0.055%	$640K	$241K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.55	−0.122%	$2.5M	$984K	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.23	−0.034%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.73	−0.099%	$87K	—	10x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.25	−0.032%	$10K	—	26x	as long as short