Funding you earn now, next payment 23:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h +0.014%
Price spread now: Arcus against SunX−0.273%7-day average −0.224% · 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−$248as in the Price arb table
costs, in and out, $10k−$2442.435% of the position
Funding, last 3 days (all we have)+0.083%+$8 on $10k
+Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.273%, 7d avg −0.224%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Arcus is 0.050% cheaper against SunX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.224%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.083%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SPY-USDT | 775.29 | 0 | get 0.0000% / 8h | 1h 27m | $2K | $1.6M | 10x |
| Short | Arcus SPY-USD | 773.17 | −0.0112 | pay 0.0014% / 1h | 27m 34s | $945K | $1.4M | 50x |
SunX SPY-USDT
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- −$23.53
- Price spread: −0.273% → −0.224%
- −$4.96
- Slippage, 4 orders
- −$231.03
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$272.02
- Costs to cover
- 2.435%
- Break-even
- never at this rate
Slippage from SunX: live order book, 7 min ago; Arcus: live order book, 1 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, 7 min ago | 29.09 bp | 107.6 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 0.06 bp | 4.8 bp −$5 | 8.0 bp −$80 | 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 | −0.0120% | 8h | 774.16 | −0.146% | $413K | $731K | 50x | as long as short |
| Arcus SPY-USDshort | −0.0112% | 1h | 773.17 | −0.273% | $945K | $1.4M | 50x | |
| Phoenix SPY | −0.0041% | 1h | 773.76 | −0.197% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.08 | −0.156% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.18 | −0.143% | $28.2M | $83.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.31 | −0.126% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.27 | −0.132% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.77 | −0.196% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.18 | −0.143% | $26.0M | $12.3M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.23 | −0.137% | $157K | $430K | 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
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDTlong | 0.0000% | 8h | 775.29 | long leg | $2K | $1.6M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.10 | −0.153% | $23K | $75K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.09 | −0.155% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDT | +0.0027% | 8h | 774.22 | −0.138% | $10.8M | $2.8M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.13 | −0.150% | $8.6M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.56 | −0.094% | $56.8M | $121.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.13 | −0.279% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.52 | −0.228% | $4.8M | $920K | 20x | as long as short |
| Nado SPY-PERP | +0.0053% | 1h | 773.91 | −0.178% | $1.5M | $306K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.56 | −0.223% | $955K | $636K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.66 | −0.210% | $2.5M | $983K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.91 | −0.178% | $154K | $20K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.19 | −0.142% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.71 | −0.204% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.34 | −0.122% | $6.9M | $5.4M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.23 | −0.137% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0645% | 4h | 774.07 | −0.157% | $640K | $240K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC