Funding you earn now, next payment 07:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.025%
Price spread now: Coinbase International against RISEx−0.077%7-day average −0.056% · 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−$20as in the Price arb table
costs, in and out, $10k−$180.183% of the position
Funding, last 4 days (all we have)−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.077%, 7d avg −0.056%
=Funding pays, the price is against you. Coinbase International is 0.021% cheaper against RISEx than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.056%). If the spread goes back, that is −$2 on $10k: about 6.8 days of funding at the current rate ($0 a day). Mind the row above: over the last 4 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SPY/USDC | 774.52 | 0.0014 | pay 0.0002% / 1h | 35m 53s | $7.1M | $4.1M | 25x |
| Short | Coinbase International SPY-PERP-INTX | 773.92 | 0.0024 | get 0.0003% / 1h | 35m 53s | $950K | $530K | 20x |
RISEx SPY/USDC
Coinbase International SPY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against RISEx. 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
- $2.18
- Price spread: −0.077% → −0.056%
- −$2.11
- Slippage, 4 orders
- −$2.26
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$18.19
- Costs to cover
- 0.183%
- Break-even
- 65.3 days
Slippage from RISEx: live order book, 3 min ago; Coinbase International: live order book, 2 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, 3 min ago | 0.32 bp | 3.3 bp −$3 | 4.3 bp −$43 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 0.06 bp | 6.4 bp −$6 | 8.9 bp −$89 | 37.0 bp −$3,697 | 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 SPYUSDT | −0.0186% | 1h | 773.21 | −0.169% | $164K | $25K | 50x | as long as short |
| Phoenix SPY | −0.0155% | 1h | 773.74 | −0.100% | $161K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.055% | $417K | $446K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | −0.028% | $863K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.37 | −0.019% | $28.6M | $76.1M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.10 | −0.054% | $6.2M | $1.6M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.29 | −0.029% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.86 | −0.085% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.36 | −0.020% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | −0.004% | $10.9M | $1.6M | 50x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.35 | −0.022% | $169K | $364K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.45 | +0.120% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.02 | −0.064% | $23K | $54K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.50 | −0.002% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0011% | 1h | 773.99 | −0.068% | $1.5M | $245K | 20x | as long as short |
| RISEx SPY/USDClong | +0.0014% | 1h | 774.52 | long leg | $7.1M | $4.1M | 25x | |
| Coinbase International SPY-PERP-INTXshort | +0.0024% | 1h | 773.92 | −0.077% | $950K | $530K | 20x | |
| Lighter RH SPY | +0.0032% | 1h | 774.64 | +0.016% | $56.8M | $118.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.61 | −0.117% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.30 | −0.157% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.46 | −0.137% | $4.8M | $865K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.46 | −0.008% | $8.0M | $17.8M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.67 | −0.110% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.25 | −0.035% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.80 | −0.093% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.38 | −0.017% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0910% | 4h | 774.14 | −0.048% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC