Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.042%
Price spread now: Binance against SunX−0.133%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2472.466% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 2 days (all we have)−0.013%−$1 · spread now −0.133%, 7d avg −0.151%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SPY-USDT | 775.16 | 0 | get 0.0000% / 8h | 1h 29m | $2K | $1.6M | 10x |
| Short | Binance SPYUSDT | 774.13 | 0 | get 0.0000% / 8h | 1h 29m | $28.2M | $83.8M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.133% → −0.151%
- $1.74
- Slippage, 4 orders
- −$228.57
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$244.83
- Costs to cover
- 2.466%
- Break-even
- never at this rate
Slippage from SunX: live order book, 5 min ago; Binance: live order book, 13 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, 5 min ago | 29.09 bp | 107.6 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.06 bp | 5.1 bp −$5 | 5.4 bp −$54 | 11.3 bp −$1,131 | 34.9 bp −$17.5K |
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 | 774.06 | −0.142% | $413K | $704K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.20 | −0.253% | $945K | $1.4M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.50 | −0.214% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.08 | −0.140% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDTshort | 0.0000% | 8h | 774.13 | −0.133% | $28.2M | $83.8M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.25 | −0.117% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.19 | −0.125% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.65 | −0.195% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.16 | −0.129% | $26.0M | $12.3M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.15 | −0.130% | $157K | $430K | 10x | as long as short |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDTlong | 0.0000% | 8h | 775.16 | long leg | $2K | $1.6M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.01 | −0.148% | $23K | $75K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.09 | −0.138% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDT | +0.0029% | 8h | 774.24 | −0.119% | $10.8M | $2.9M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.04 | −0.144% | $8.6M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.53 | −0.081% | $56.8M | $121.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.11 | −0.264% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.40 | −0.227% | $4.8M | $920K | 20x | as long as short |
| Nado SPY-PERP | +0.0060% | 1h | 773.88 | −0.165% | $1.5M | $309K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.56 | −0.206% | $955K | $638K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.64 | −0.196% | $2.5M | $982K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.76 | −0.181% | $154K | $20K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.09 | −0.138% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.57 | −0.205% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.32 | −0.109% | $6.9M | $5.4M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.10 | −0.137% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0476% | 4h | 773.96 | −0.155% | $639K | $241K | 20x | as long as short |
SunX SPY-USDT
Binance SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC