Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.029%
Price spread now: Vest against Binance−0.164%7-day average −0.101% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 2 days (all we have)+0.148%+$15 · spread now −0.164%, 7d avg −0.101%
=Together, before fees+0.149%+ Points / potential airdropVest: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.063% cheaper against Binance than usual: you would sell low and buy high (spread −0.164% now, against its 7-day average of −0.101%). If the spread goes back, that is −$6 on $10k: about 6.6 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.001% in total) that is about 6 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPYUSDT | 774.74 | 0.0014 | pay 0.0014% / 8h | 7h 45m | $28.5M | $81.5M | 50x |
| Short | Vest SPY-USD-PERP | 773.47 | 0.0046 | get 0.0006% / 1h | 45m 12s | — | $123K | 50x |
Binance SPYUSDT
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $6.68
- Price spread: −0.164% → −0.101%
- −$6.26
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$11.57
- Costs to cover
- 0.120%
- Break-even
- 19.1 days
Slippage unknown: Binance: live order book, 12 min ago; Vest: 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, 12 min ago | 0.06 bp | 5.1 bp −$5 | 5.9 bp −$59 | 10.2 bp −$1,023 | 30.0 bp −$15.0K |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | 774.72 | −0.003% | $412K | $572K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.77 | −0.125% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.61 | −0.017% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.93 | +0.025% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.40 | −0.044% | $763K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.82 | +0.139% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 775.05 | +0.040% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.89 | +0.019% | $7.9M | $3.3M | 50x | as long as short |
| edgeX SPYUSDC | +0.0004% | 4h | 774.65 | −0.012% | $640K | $242K | 20x | as long as short |
| MEXC SPY_USDT | +0.0013% | 8h | 774.73 | −0.001% | $28.7M | $11.5M | 100x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Bybit SPYUSDT
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
edgeX SPYUSDC
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDTlong | +0.0014% | 8h | 774.74 | long leg | $28.5M | $81.5M | 50x | |
| Lighter SPY | +0.0032% | 1h | 774.38 | −0.046% | $8.2M | $21.5M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.92 | +0.023% | $57.3M | $113.0M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0032% | 8h | 774.80 | +0.008% | $168K | $410K | 10x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.47 | −0.164% | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.68 | −0.137% | $4.8M | $847K | 20x | as long as short |
| Bitget SPYUSDT | +0.0052% | 8h | 774.86 | +0.015% | $11.0M | $2.4M | 50x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.20 | −0.070% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.096% | $954K | $559K | 20x | as long as short |
| Nado SPY-PERP | +0.0073% | 1h | 774.26 | −0.062% | $1.5M | $291K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.17 | −0.074% | $2.5M | $951K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.62 | −0.145% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.77 | +0.004% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.15 | −0.076% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.74 | −0.001% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0267% | 1h | 774.58 | −0.021% | $23K | $59K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.86 | +0.015% | $6.9M | $5.2M | 25x | as long as short |
Lighter SPY
Lighter RH SPY
GRVT SPY_USDT_Perp
Ondo Perps SPY-USD.P
Bitget SPYUSDT
Phoenix SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC