Funding you earn now, next payment 20:00 UTC+0.0060%/8hpaid last 24h +0.016%
Price spread now: Orderly against Arcus+0.098%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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.098% dearer against Arcus than usual: you sell high and buy low: +$10 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 | Arcus SPY-USD | 774.48 | 0.0040 | pay 0.0005% / 1h | 21m 25s | $952K | $1.3M | 50x |
| Short | Orderly PERP_SPY_USDC_mythos | 775.24 | 0.0100 | get 0.0100% / 8h | 4h 21m | $1K | — | 20x |
Arcus SPY-USD
Orderly PERP_SPY_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $12.54
- Price spread: +0.098% → 0.000%
- $9.81
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $11.85
- Costs to cover
- 0.105%
- Break-even
- 0.4 days
Slippage unknown: Arcus: live order book, 2 min ago; Orderly: 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 Arcus live order book, 2 min ago | 0.06 bp | 5.5 bp −$6 | 5.7 bp −$57 | 11.7 bp −$1,167 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0300% | 1h | 774.32 | −0.021% | $161K | $295K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.89 | +0.053% | $422K | $719K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 775.22 | +0.096% | $865K | $267K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 775.23 | +0.097% | $28.9M | $85.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 775.23 | +0.097% | $6.2M | $2.2M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 775.12 | +0.083% | $8.0M | $3.5M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 775.16 | +0.088% | $6.9M | $5.7M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.67 | +0.025% | $740K | $2.1M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 775.16 | +0.088% | $23.0M | $12.3M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.95 | +0.061% | $158K | $509K | 10x | as long as short |
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 776.06 | +0.204% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.99 | +0.066% | $308K | $20K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 775.16 | +0.088% | $8.8M | $21.9M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 775.46 | +0.127% | $56.9M | $126.6M | 50x | as long as short |
| Arcus SPY-USDlong | +0.0040% | 1h | 774.48 | long leg | $952K | $1.3M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 774.13 | −0.045% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 774.16 | −0.041% | $4.8M | $937K | 20x | as long as short |
| Bitget SPYUSDT | +0.0057% | 8h | 775.24 | +0.098% | $10.8M | $3.1M | 50x | as long as short |
| Nado SPY-PERP | +0.0064% | 1h | 774.70 | +0.028% | $1.5M | $318K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0080% | 1h | 774.50 | +0.003% | $935K | $629K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.59 | +0.014% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.58 | +0.013% | $154K | $32K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythosshort | +0.0100% | 8h | 775.24 | +0.098% | $1K | — | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 774.59 | +0.014% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0124% | 1h | 775.01 | +0.068% | $22K | $74K | 20x | as long as short |
| edgeX SPYUSDC | +0.0326% | 4h | 774.94 | +0.059% | $640K | $240K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0326% / S −0.1264% | 1h | 775.24 | +0.097% | $25K | — | 53x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Bitget SPYUSDT
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]