Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%
Price spread now: Bybit against Vest+0.186%7-day average +0.077% · 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)−0.043%−$4 on $10k
+Price spread, last 3 days (all we have)−0.117%−$12 · spread now +0.186%, 7d avg +0.077%
=Together, before fees−0.160%+ Points / potential airdropVest: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.109% dearer against Vest than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of +0.077%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPY-USD-PERP | 773.34 | 0.0046 | pay 0.0006% / 1h | 54m 19s | — | $123K | 50x |
| Short | Bybit SPYUSDT | 774.78 | 0 | get 0.0000% / 8h | 7h 54m | $6.3M | $2.0M | 100x |
Vest SPY-USD-PERP
Bybit SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.186% → +0.077%
- $10.94
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$11.66
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.19 bp | 6.6 bp −$7 | 13.1 bp −$131 | 37.9 bp −$3,788 | 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 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 | −0.0108% | 8h | 774.65 | +0.169% | $412K | $571K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 774.07 | +0.094% | $161K | $296K | 20x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.43 | +0.012% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.54 | +0.155% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDTshort | 0.0000% | 8h | 774.78 | +0.186% | $6.3M | $2.0M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.69 | +0.175% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.22 | +0.114% | $762K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.73 | +0.309% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.181% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0012% | 8h | 774.64 | +0.168% | $28.7M | $11.4M | 100x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Arcus SPY-USD
Aster SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0013% | 8h | 774.64 | +0.168% | $28.5M | $82.2M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.38 | +0.134% | $8.2M | $21.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.82 | +0.191% | $57.2M | $112.1M | 50x | as long as short |
| Vest SPY-USD-PERPlong | +0.0046% | 1h | 773.34 | long leg | — | $123K | 50x | |
| Bitget SPYUSDT | +0.0049% | 8h | 774.71 | +0.177% | $11.0M | $2.5M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.70 | +0.047% | $4.8M | $847K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | +0.085% | $954K | $579K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.11 | +0.100% | $2.5M | $952K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.00 | +0.085% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.61 | +0.164% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.17 | +0.108% | $87K | — | 10x | as long as short |
| GRVT SPY_USDT_Perp | +0.0118% | 8h | 774.63 | +0.167% | $157K | $400K | 10x | as long as short |
| Nado SPY-PERP | +0.0122% | 1h | 774.11 | +0.099% | $1.5M | $290K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 774.40 | +0.137% | $23K | $59K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.64 | +0.169% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.70 | +0.175% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0362% | 4h | 774.49 | +0.148% | $640K | $241K | 20x | as long as short |
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GRVT SPY_USDT_Perp
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC