Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: ApeX Omni against SunX−0.223%7-day average −0.168% · you buy dearer than you sell
Net, funding: paid 7d − costs−$255as in the Funding arb table
Net, price: spread back to 7d avg − costs−$281as in the Price arb table
costs, in and out, $10k−$2762.759% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.223%, 7d avg −0.168%
=Funding pays, the price is against you. ApeX Omni is 0.055% cheaper against SunX than usual: you would sell low and buy high (spread −0.223% now, against its 7-day average of −0.168%). If the spread goes back, that is −$5 on $10k: about 44 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SPY-USDT | 775.73 | 0 | get 0.0000% / 8h | 7h 53m | $2K | $1.5M | 10x |
| Short | ApeX Omni SPYUSDT | 774.00 | 0.0100 | get 0.0013% / 1h | 53m 14s | $159K | $23K | 50x |
SunX SPY-USDT
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against SunX. 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: −0.223% → −0.168%
- −$5.45
- Slippage, 4 orders
- −$257.93
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$260.38
- Costs to cover
- 2.759%
- Break-even
- 93.8 days
Slippage from SunX: live order book, 12 min ago; ApeX Omni: live order book, 18 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 SunX live order book, 12 min ago | 29.07 bp | 107.4 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 18 min ago | 1.62 bp | 16.1 bp −$16 | 80.6 bp −$806 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0107% | 8h | 774.65 | −0.139% | $412K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.53 | −0.284% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.55 | −0.152% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.79 | −0.121% | $6.2M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.69 | −0.134% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.38 | −0.174% | $762K | $2.3M | 75x | as long as short |
| SunX SPY-USDTlong | 0.0000% | 8h | 775.73 | long leg | $2K | $1.5M | 10x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.86 | −0.112% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0012% | 8h | 774.63 | −0.142% | $28.7M | $11.4M | 100x | as long as short |
| Binance SPYUSDT | +0.0013% | 8h | 774.65 | −0.139% | $28.5M | $82.0M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.36 | −0.177% | $8.2M | $21.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.85 | −0.113% | $57.2M | $112.1M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.35 | −0.307% | — | $123K | 50x | as long as short |
| Bitget SPYUSDT | +0.0050% | 8h | 774.71 | −0.131% | $11.0M | $2.4M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.66 | −0.267% | $4.8M | $847K | 20x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.96 | −0.228% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.223% | $954K | $579K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.10 | −0.210% | $2.5M | $951K | 20x | as long as short |
| ApeX Omni SPYUSDTshort | +0.0100% | 1h | 774.00 | −0.223% | $159K | $23K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.61 | −0.144% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.05 | −0.217% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0115% | 1h | 774.17 | −0.202% | $1.5M | $290K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0118% | 8h | 774.63 | −0.142% | $157K | $400K | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0163% | 1h | 774.39 | −0.173% | $23K | $59K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.64 | −0.140% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.70 | −0.133% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0362% | 4h | 774.49 | −0.160% | $640K | $241K | 20x | as long as short |
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Bitget SPYUSDT
Ondo Perps SPY-USD.P
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC