Funding you earn now, next payment 08:00 UTC−0.0107%/8h= −11.7% APRnext payment −$1.07 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against SunX−0.143%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$269as in the Funding arb table
Net, price: spread back to 7d avg − costs−$249as in the Price arb table
costs, in and out, $10k−$2492.486% of the position
Funding, last 7 days−0.208%−$21 on $10k
+Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.143%, 7d avg −0.140%
=The price spread sits at its 7-day average of −0.140%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SPY-USDT | 775.61 | 0 | get 0.0000% / 8h | 5h 10m | $2K | $1.4M | 10x |
| Short | BloFin SPY-USDT | 774.50 | −0.0107 | pay 0.0107% / 8h | 5h 10m | $419K | $468K | 50x |
SunX SPY-USDT
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$22.43
- Price spread: −0.143% → −0.140%
- −$0.35
- Slippage, 4 orders
- −$228.64
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$271.42
- Costs to cover
- 2.486%
- Break-even
- never at this rate
Slippage from SunX: live order book, 4 min ago; BloFin: live order book, 30 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, 4 min ago | 29.07 bp | 107.7 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 30 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 8.2 bp −$817 | 15.0 bp −$7,523 |
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-USDTshort | −0.0107% | 8h | 774.50 | −0.143% | $419K | $468K | 50x | |
| ApeX Omni SPYUSDT | −0.0090% | 1h | 772.89 | −0.351% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.85 | −0.227% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.66 | −0.122% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.53 | −0.139% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.95 | −0.214% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.62 | −0.128% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.47 | −0.147% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDTlong | 0.0000% | 8h | 775.61 | long leg | $2K | $1.4M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.01 | −0.206% | $23K | $55K | 20x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | −0.112% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0012% | 8h | 774.42 | −0.153% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0013% | 8h | 774.49 | −0.144% | $24.0M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0013% | 8h | 774.50 | −0.143% | $28.3M | $79.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.63 | −0.255% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.309% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0050% | 1h | 774.00 | −0.208% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.56 | −0.264% | $4.8M | $842K | 20x | as long as short |
| Lighter SPY | +0.0056% | 1h | 774.37 | −0.160% | $8.3M | $21.1M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.201% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.72 | −0.115% | $56.4M | $115.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.64 | −0.125% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | −0.229% | $2.5M | $980K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | −0.160% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.88 | −0.223% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.50 | −0.142% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0662% | 4h | 774.35 | −0.162% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Lighter SPY
Coinbase International SPY-PERP-INTX
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC