Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h +0.017%
Price spread now: RISEx against Binance+0.019%7-day average −0.019% · 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−$170.171% of the position
Funding, last 4 days (all we have)+0.059%+$6 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.019%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.038% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPYUSDT | 774.16 | 0 | get 0.0000% / 8h | 3h 39m | $28.1M | $79.3M | 50x |
| Short | RISEx SPY/USDC | 774.31 | 0.0100 | get 0.0013% / 1h | 39m 03s | $7.0M | $5.0M | 25x |
Binance SPYUSDT
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $21.04
- Price spread: +0.019% → −0.019%
- $3.83
- Slippage, 4 orders
- −$1.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $7.72
- Costs to cover
- 0.171%
- Break-even
- 4.4 days
Slippage from Binance: live order book, 3 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 Binance live order book, 3 min ago | 0.06 bp | 5.1 bp −$5 | 5.1 bp −$51 | 9.4 bp −$936 | 26.8 bp −$13.4K |
| Sell RISEx live order book, 5 min ago | 0.06 bp | 3.1 bp −$3 | 3.6 bp −$36 | 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 | −0.0120% | 8h | 774.25 | +0.012% | $416K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.71 | −0.058% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDTlong | 0.0000% | 8h | 774.16 | long leg | $28.1M | $79.3M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.11 | −0.006% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.05 | −0.014% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.66 | −0.064% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.17 | +0.001% | $29.7M | $12.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.32 | +0.021% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.29 | +0.017% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.24 | +0.140% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.40 | +0.031% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0019% | 8h | 774.08 | −0.010% | $864K | $194K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0028% | 1h | 773.48 | −0.088% | $163K | $24K | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.090% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.05 | −0.143% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0047% | 1h | 773.83 | −0.043% | $1.5M | $285K | 20x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.47 | +0.040% | $56.4M | $116.6M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.03 | −0.146% | $4.8M | $839K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.014% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 774.24 | +0.010% | $8.2M | $19.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.46 | −0.090% | $2.5M | $972K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.12 | −0.005% | $1K | — | 20x | as long as short |
| RISEx SPY/USDCshort | +0.0100% | 1h | 774.31 | +0.019% | $7.0M | $5.0M | 25x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.59 | −0.074% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0202% | 1h | 774.05 | −0.014% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.17 | +0.002% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0699% | 4h | 774.09 | −0.009% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
ApeX Omni SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Lighter RH SPY
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC