Funding you earn now, next payment 07:00 UTC+0.0383%/8h= +42.0% APRnext payment +$0.48 per $10,000 · paid last 24h +0.317%
Price spread now: GMX against Vest+0.133%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and GMX is 0.133% dearer against Vest than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPY-USD-PERP | 773.48 | 0.0046 | pay 0.0006% / 1h | 11m 41s | — | $123K | 50x |
| Short | GMX SPY/USD [ETH-USDC] | 774.50 | L +0.0209% / S −0.0429% | get 0.0054% / 1h | 11m 41s | $10K | — | 26x |
Vest SPY-USD-PERP
GMX SPY/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $80.53
- Price spread: +0.133% → 0.000%
- $13.25
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $79.78
- Costs to cover
- 0.140%
- Break-even
- 0.1 days
Slippage unknown: Vest: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample | — | — | — | — | — |
Vest and GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0271% | 1h | 773.48 | 0.000% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | +0.079% | $418K | $472K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.99 | +0.066% | $161K | $294K | 20x | as long as short |
| Nado SPY-PERP | −0.0022% | 1h | 774.17 | +0.089% | $1.6M | $251K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0019% | 1h | 773.41 | −0.009% | $4.8M | $871K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.37 | +0.115% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.50 | +0.132% | $28.7M | $78.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.29 | +0.105% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.41 | +0.120% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.95 | +0.061% | $770K | $2.5M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Ondo Perps SPY-USD.P
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.50 | +0.132% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.62 | +0.147% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.48 | +0.129% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.60 | +0.274% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.20 | +0.093% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.61 | +0.146% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.48 | +0.129% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.71 | +0.159% | $56.6M | $120.4M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | +0.057% | $950K | $532K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.57 | +0.012% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.56 | +0.140% | $7.1M | $4.1M | 25x | as long as short |
| Vest SPY-USD-PERPlong | +0.0046% | 1h | 773.48 | long leg | — | $123K | 50x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.58 | +0.013% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.115% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.92 | +0.057% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC]short | L +0.0209% / S −0.0429% | 1h | 774.50 | +0.133% | $10K | — | 26x | |
| edgeX SPYUSDC | +0.0573% | 4h | 774.27 | +0.103% | $640K | $241K | 20x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC