Funding you earn now, next payment 03:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.07 per $10,000 · paid last 24h +0.067%
Price spread now: RISEx against Arcus+0.126%7-day average +0.100% · 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−$13as in the Price arb table
costs, in and out, $10k−$160.157% of the position
Funding, last 4 days (all we have)+0.029%+$3 on $10k
+Price spread, last 7 days−0.012%−$1 · spread now +0.126%, 7d avg +0.100%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and RISEx is 0.026% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.100%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SPY-USD | 773.55 | 0.0040 | pay 0.0005% / 1h | 24m 19s | $929K | $1.4M | 50x |
| Short | RISEx SPY/USDC | 774.53 | 0.0097 | get 0.0012% / 1h | 24m 19s | $6.9M | $5.0M | 25x |
Arcus SPY-USD
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $11.89
- Price spread: +0.126% → +0.100%
- $2.6
- Slippage, 4 orders
- −$5.16
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$1.16
- Costs to cover
- 0.157%
- Break-even
- 7.7 days
Slippage from Arcus: live order book, 5 min ago; RISEx: live order book, 5 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, 5 min ago | 0.06 bp | 2.3 bp −$2 | 2.9 bp −$29 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 5 min ago | 0.06 bp | 4.0 bp −$4 | 4.3 bp −$43 | doesn't fit | doesn't fit |
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 | 774.37 | +0.106% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0082% | 1h | 773.48 | −0.009% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.71 | +0.021% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.43 | +0.114% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.40 | +0.110% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.86 | +0.040% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.53 | +0.127% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.46 | +0.117% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.47 | +0.248% | $1K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.69 | +0.147% | $308K | $20K | 50x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | +0.0006% | 8h | 774.43 | +0.114% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0012% | 8h | 774.37 | +0.106% | $23.3M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0012% | 8h | 774.38 | +0.107% | $28.3M | $79.6M | 50x | as long as short |
| Arcus SPY-USDlong | +0.0040% | 1h | 773.55 | long leg | $929K | $1.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.12 | −0.056% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.00 | +0.058% | $23K | $55K | 20x | as long as short |
| Nado SPY-PERP | +0.0050% | 1h | 773.87 | +0.041% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.005% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.065% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.25 | +0.090% | $8.3M | $21.0M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.61 | +0.137% | $56.4M | $114.5M | 50x | as long as short |
| RISEx SPY/USDCshort | +0.0097% | 1h | 774.53 | +0.126% | $6.9M | $5.0M | 25x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.75 | +0.026% | $2.5M | $977K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | +0.107% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.82 | +0.034% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.38 | +0.107% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0718% | 4h | 774.22 | +0.086% | $640K | $241K | 20x | as long as short |
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC