Funding you earn now, next payment 02:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.012%
Price spread now: Bitget against Vest+0.164%7-day average +0.113% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.164%, 7d avg +0.113%
=Together, before fees−0.083%+ Points / potential airdropVest: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.052% dearer against Vest than usual: you sell high and buy low (spread +0.164% now, against its 7-day average of +0.113%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 3 days (−0.018% in total) that is about 9.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPY-USD-PERP | 773.24 | 0.0046 | pay 0.0006% / 1h | 3m 56s | — | $123K | 50x |
| Short | Bitget SPYUSDT | 774.51 | 0 | get 0.0000% / 8h | 6h 03m | $10.9M | $2.0M | 50x |
Vest SPY-USD-PERP
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Vest. 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
- −$9.59
- Price spread: +0.164% → +0.113%
- $5.16
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$18.43
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 5 min ago | 0.06 bp | 7.0 bp −$7 | 9.1 bp −$91 | 18.1 bp −$1,815 | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SPY on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | 0.0000% | 8h | 774.49 | +0.161% | $863K | $203K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.36 | +0.145% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.40 | +0.150% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.87 | +0.081% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDTshort | 0.0000% | 8h | 774.51 | +0.164% | $10.9M | $2.0M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.36 | +0.145% | $161K | $379K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.47 | +0.288% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.59 | +0.175% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0008% | 8h | 774.34 | +0.142% | $21.1M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0008% | 8h | 774.33 | +0.142% | $28.4M | $80.1M | 50x | as long as short |
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | +0.0008% | 1h | 774.16 | +0.119% | $23K | $55K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.34 | +0.142% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.41 | +0.022% | $935K | $1.3M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.76 | +0.067% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERPlong | +0.0046% | 1h | 773.24 | long leg | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.58 | +0.044% | $4.8M | $841K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.81 | +0.203% | $56.7M | $115.0M | 50x | as long as short |
| Nado SPY-PERP | +0.0079% | 1h | 774.06 | +0.106% | $1.5M | $288K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 773.74 | +0.065% | $954K | $552K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.62 | +0.049% | $2.5M | $966K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.92 | +0.088% | $160K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.34 | +0.142% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.73 | +0.064% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.50 | +0.164% | $7.0M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.35 | +0.143% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0688% | 4h | 774.21 | +0.126% | $640K | $241K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Arcus SPY-USD
Phoenix SPY
Ondo Perps SPY-USD.P
Lighter RH SPY
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