Funding you earn now, next payment 12:00 UTC+0.0142%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.009%
Price spread now: ApeX Omni against Arcus+0.037%7-day average +0.048% · 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−$58as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 4 days (all we have)+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.037%, 7d avg +0.048%
=The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SPY-USD | 773.81 | −0.0042 | get 0.0005% / 1h | 54m 52s | $1.0M | $1.4M | 50x |
| Short | ApeX Omni SPYUSDT | 774.10 | 0.0100 | get 0.0013% / 1h | 54m 52s | $226K | $54K | 50x |
Arcus SPY-USD
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Arcus. 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
- $29.85
- Price spread: +0.037% → +0.048%
- −$1.1
- Slippage, 4 orders
- −$42.53
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$28.28
- Costs to cover
- 0.570%
- Break-even
- 13.6 days
Slippage from Arcus: live order book, 2 min ago; ApeX Omni: live order book, 49 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 Arcus live order book, 2 min ago | 0.06 bp | 4.2 bp −$4 | 4.7 bp −$47 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 49 min ago | 4.52 bp | 16.1 bp −$16 | 93.3 bp −$933 | doesn't fit | doesn't fit |
SPY on 27 exchanges
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 | −0.0120% | 8h | 774.61 | +0.103% | $420K | $371K | 50x | as long as short |
| Arcus SPY-USDlong | −0.0042% | 1h | 773.81 | long leg | $1.0M | $1.4M | 50x | |
| Aster SPYUSDT | 0.0000% | 8h | 774.51 | +0.090% | $863K | $207K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.63 | +0.106% | $28.5M | $73.3M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.66 | +0.110% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.48 | +0.087% | $7.8M | $3.0M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.62 | +0.105% | $7.1M | $3.1M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.23 | +0.054% | $789K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.62 | +0.105% | $29.4M | $13.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.75 | +0.121% | $11.1M | $1.5M | 50x | as long as short |
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.86 | +0.135% | $165K | $335K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.97 | +0.021% | $158K | $74K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.72 | +0.247% | $2K | $1.1M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.22 | +0.053% | $23K | $38K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.65 | +0.109% | $300K | $25K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.39 | +0.075% | $7.8M | $16.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.71 | +0.116% | $57.2M | $114.5M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0040% | 1h | 774.26 | +0.058% | $952K | $172K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.45 | −0.047% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.59 | −0.028% | $4.8M | $835K | 20x | as long as short |
| Nado SPY-PERP | +0.0077% | 1h | 774.30 | +0.063% | $1.5M | $277K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.10 | +0.037% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDTshort | +0.0100% | 1h | 774.10 | +0.037% | $226K | $54K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.48 | +0.087% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.02 | +0.027% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.63 | +0.105% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0438% | 4h | 774.40 | +0.076% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC