Funding you earn now, next payment 03:00 UTC+0.0089%/8h= +9.8% APRpaid last 24h −0.012%
Price spread now: Aevo against Binance−0.078%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.378%+$38 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Aevo is 0.078% cheaper against Binance than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.378% in total) that is about 35 hours. The two prices were read 58 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 | Binance SPYUSDT | 774.44 | 0.0015 | pay 0.0015% / 8h | 5h 03m | $28.3M | $79.6M | 50x |
| Short | Aevo SPY-PERP | 773.83 | 0.0104 | get 0.0013% / 1h | 3m 24s | $87K | — | 10x |
Binance SPYUSDT
Aevo SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Binance. 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
- $18.75
- Price spread: −0.078% → 0.000%
- −$7.83
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$15.08
- Costs to cover
- 0.260%
- Break-even
- 12.6 days
Slippage unknown: Binance: live order book, 9 min ago; Aevo: 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 Binance live order book, 9 min ago | 0.06 bp | 5.1 bp −$5 | 5.3 bp −$53 | 8.8 bp −$876 | 26.7 bp −$13.3K |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0106% | 8h | 774.45 | +0.001% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0098% | 1h | 773.48 | −0.124% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.82 | −0.080% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.57 | +0.017% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.97 | −0.061% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.54 | +0.013% | $10.9M | $1.9M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.56 | +0.145% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | +0.037% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0002% | 8h | 774.38 | −0.008% | $7.9M | $3.3M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0004% | 8h | 774.54 | +0.013% | $162K | $375K | 10x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0014% | 8h | 774.43 | −0.001% | $24.0M | $12.1M | 100x | as long as short |
| Binance SPYUSDTlong | +0.0015% | 8h | 774.44 | long leg | $28.3M | $79.6M | 50x | |
| Aster SPYUSDT | +0.0017% | 8h | 774.55 | +0.014% | $865K | $194K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0034% | 1h | 774.05 | −0.050% | $23K | $55K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.68 | −0.098% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.168% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0049% | 1h | 773.92 | −0.068% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.55 | −0.115% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.050% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.31 | −0.017% | $8.3M | $21.1M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.65 | +0.027% | $56.4M | $115.9M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.53 | +0.012% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.78 | −0.085% | $2.5M | $979K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | −0.008% | $1K | — | 20x | as long as short |
| Aevo SPY-PERPshort | +0.0104% | 1h | 773.83 | −0.078% | $87K | — | 10x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.43 | −0.001% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0795% | 4h | 774.31 | −0.017% | $640K | $242K | 20x | as long as short |
MEXC SPY_USDT
Aster SPYUSDT
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC