Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.060%
Price spread now: Gate against RISEx−0.066%7-day average −0.011% · 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−$38as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 4 days (all we have)−0.111%−$11 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.066%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.055% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SPY/USDC | 774.25 | 0.0100 | pay 0.0013% / 1h | 48m 32s | $7.0M | $5.0M | 25x |
| Short | Gate SPY_USDT | 773.74 | 0 | get 0.0000% / 8h | 3h 48m | $775K | $2.4M | 75x |
RISEx SPY/USDC
Gate SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$21.04
- Price spread: −0.066% → −0.011%
- −$5.48
- Slippage, 4 orders
- −$11.19
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$58.71
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 1 min ago; Gate: live order book, 4 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 | 4.0 bp −$4 | 4.6 bp −$46 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.97 bp | 13.1 bp −$13 | 14.1 bp −$141 | 52.1 bp −$5,212 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0120% | 8h | 774.15 | −0.013% | $416K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.59 | −0.086% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.20 | −0.007% | $28.1M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.19 | −0.008% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.06 | −0.025% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDTshort | 0.0000% | 8h | 773.74 | −0.066% | $775K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.16 | −0.012% | $28.3M | $12.1M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.31 | +0.007% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.34 | +0.012% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.17 | +0.118% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.46 | +0.027% | $308K | $20K | 50x | as long as short |
| edgeX SPYUSDC | +0.0026% | 4h | 774.04 | −0.028% | $640K | $242K | 20x | as long as short |
| Aster SPYUSDT | +0.0028% | 8h | 774.12 | −0.017% | $865K | $194K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.47 | −0.101% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.10 | −0.149% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.23 | −0.132% | $4.8M | $828K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.026% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0070% | 1h | 773.78 | −0.061% | $1.5M | $282K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.46 | +0.027% | $56.5M | $114.7M | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0074% | 1h | 773.16 | −0.141% | $162K | $24K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0086% | 1h | 773.93 | −0.042% | $23K | $56K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.39 | −0.111% | $2.5M | $972K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.07 | −0.024% | $1K | — | 20x | as long as short |
| RISEx SPY/USDClong | +0.0100% | 1h | 774.25 | long leg | $7.0M | $5.0M | 25x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.56 | −0.090% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0120% | 1h | 774.20 | −0.007% | $8.2M | $19.2M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.13 | −0.015% | $10K | — | 26x | as long as short |
HTX SPY-USDT
edgeX SPYUSDC
Aster SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter RH SPY
ApeX Omni SPYUSDT
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]