Funding you earn now, next payment 00:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.034%
Price spread now: Nado against SunX−0.214%7-day average −0.179% · 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−$253as in the Price arb table
costs, in and out, $10k−$2492.491% of the position
Funding, last 3 days (all we have)−0.006%−$1 on $10k
+Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.214%, 7d avg −0.179%
=Together, before fees+0.017%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.035% cheaper against SunX than usual: you would sell low and buy high (spread −0.214% now, against its 7-day average of −0.179%). If the spread goes back, that is −$3 on $10k: about 34 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SPY-USDT | 775.55 | 0 | get 0.0000% / 8h | 21m 00s | $2K | $1.5M | 10x |
| Short | Nado SPY-PERP | 773.89 | 0.0083 | get 0.0010% / 1h | 21m 00s | $1.5M | $293K | 20x |
SunX SPY-USDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $17.43
- Price spread: −0.214% → −0.179%
- −$3.48
- Slippage, 4 orders
- −$234.08
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$235.13
- Costs to cover
- 2.491%
- Break-even
- 101.5 days
Slippage from SunX: live order book, 4 min ago; Nado: live order book, 3 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 Nado live order book, 3 min ago | 0.13 bp | 5.6 bp −$6 | 15.8 bp −$158 | 41.5 bp −$4,145 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.48 | −0.267% | $941K | $1.4M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.50 | −0.135% | $412K | $571K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.79 | −0.227% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | −0.161% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.47 | −0.139% | $28.6M | $82.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.44 | −0.143% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.42 | −0.146% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.91 | −0.211% | $755K | $2.3M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.50 | −0.135% | $28.0M | $11.8M | 100x | as long as short |
| SunX SPY-USDTlong | 0.0000% | 8h | 775.55 | long leg | $2K | $1.5M | 10x |
Arcus SPY-USD
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC 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 | 774.75 | −0.103% | $308K | $20K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0007% | 8h | 774.62 | −0.120% | $157K | $411K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.27 | −0.165% | $8.2M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.58 | −0.125% | $56.9M | $119.4M | 50x | as long as short |
| Bitget SPYUSDT | +0.0033% | 8h | 774.49 | −0.137% | $11.0M | $2.6M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.311% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.257% | $955K | $584K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.84 | −0.220% | $4.8M | $847K | 20x | as long as short |
| Nado SPY-PERPshort | +0.0083% | 1h | 773.89 | −0.214% | $1.5M | $293K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.80 | −0.226% | $2.5M | $968K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.83 | −0.222% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.39 | −0.150% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.89 | −0.215% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.61 | −0.122% | $6.9M | $5.2M | 25x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 774.13 | −0.183% | $23K | $58K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.50 | −0.136% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0582% | 4h | 774.38 | −0.151% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
GRVT SPY_USDT_Perp
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC