Funding you earn now, next payment 02:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.054%
Price spread now: RISEx against ApeX Omni+0.067%54s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.394% of the position
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.067%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.056% dearer against ApeX Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.011%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.99 | 0.0100 | pay 0.0013% / 1h | 14m 35s | $160K | $23K | 50x |
| Short | RISEx SPY/USDC | 774.50 | 0.0190 | get 0.0024% / 1h | 14m 35s | $7.0M | $5.2M | 25x |
ApeX Omni SPYUSDT
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against ApeX Omni. 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
- $18.83
- Price spread: +0.067% → +0.011%
- $5.57
- Slippage, 4 orders
- −$23.36
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$14.95
- Costs to cover
- 0.394%
- Break-even
- 12.6 days
Slippage from ApeX Omni: live order book, 51 min ago; RISEx: live order book, 4 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 ApeX Omni live order book, 51 min ago | 1.16 bp | 13.8 bp −$14 | 81.6 bp −$816 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 4 min ago | 0.06 bp | 3.4 bp −$3 | 3.9 bp −$39 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SPYUSDT | 0.0000% | 8h | 774.40 | +0.053% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.36 | +0.048% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.93 | −0.008% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.55 | +0.072% | $10.9M | $2.1M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.36 | +0.048% | $162K | $379K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.49 | +0.194% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.33 | +0.044% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0004% | 8h | 774.46 | +0.061% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0013% | 8h | 774.34 | +0.045% | $20.3M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0013% | 8h | 774.35 | +0.047% | $28.4M | $80.3M | 50x | as long as short |
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.27 | +0.036% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.42 | −0.074% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.80 | −0.025% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.101% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.15 | +0.021% | $23K | $55K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.58 | −0.053% | $4.8M | $841K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.80 | +0.105% | $56.8M | $114.4M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 773.74 | −0.032% | $954K | $556K | 20x | as long as short |
| Nado SPY-PERP | +0.0095% | 1h | 774.03 | +0.005% | $1.5M | $288K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.60 | −0.050% | $2.5M | $962K | 20x | as long as short |
| ApeX Omni SPYUSDTlong | +0.0100% | 1h | 773.99 | long leg | $160K | $23K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.34 | +0.045% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.76 | −0.030% | $87K | — | 10x | as long as short |
| RISEx SPY/USDCshort | +0.0190% | 1h | 774.50 | +0.067% | $7.0M | $5.2M | 25x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.36 | +0.047% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0256% | 4h | 774.20 | +0.027% | $640K | $242K | 20x | as long as short |
Lighter SPY
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC