Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%
Price spread now: Gate against Bitget−0.062%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$330.333% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now −0.062%, 7d avg −0.032%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.030% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 775.20 | 0 | get 0.0000% / 8h | 5h 06m | $11.1M | $1.5M | 50x |
| Short | Gate SPY_USDT | 774.72 | 0 | get 0.0000% / 8h | 5h 06m | $788K | $2.5M | 75x |
Bitget SPYUSDT
Gate SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- $0
- Price spread: −0.062% → −0.032%
- −$3.01
- Slippage, 4 orders
- −$6.27
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$36.28
- Costs to cover
- 0.333%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 4 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 Bitget live order book, 5 min ago | 0.06 bp | 6.6 bp −$7 | 8.4 bp −$84 | 15.3 bp −$1,533 | 23.2 bp −$11.6K |
| Sell Gate live order book, 4 min ago | 1.42 bp | 9.2 bp −$9 | 16.0 bp −$160 | 47.1 bp −$4,706 | doesn't fit |
SPY on 27 exchanges
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 | 775.15 | −0.006% | $418K | $377K | 50x | as long as short |
| Nado SPY-PERP | −0.0035% | 1h | 774.77 | −0.056% | $1.5M | $277K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.97 | −0.029% | $865K | $201K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 775.11 | −0.012% | $28.5M | $73.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 775.07 | −0.017% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 775.03 | −0.022% | $7.8M | $3.0M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 775.01 | −0.024% | $7.1M | $3.2M | 25x | as long as short |
| Gate SPY_USDTshort | 0.0000% | 8h | 774.72 | −0.062% | $788K | $2.5M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 775.12 | −0.010% | $29.2M | $13.3M | 100x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 775.20 | long leg | $11.1M | $1.5M | 50x |
BloFin SPY-USDT
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
MEXC SPY_USDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 775.10 | −0.013% | $165K | $335K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 774.52 | −0.088% | $158K | $74K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 776.26 | +0.137% | $2K | $1.1M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.76 | −0.057% | $23K | $38K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 775.33 | +0.017% | $300K | $25K | 50x | as long as short |
| Arcus SPY-USD | +0.0015% | 1h | 774.15 | −0.135% | $1.0M | $1.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.90 | −0.039% | $7.8M | $16.4M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 775.24 | +0.005% | $57.1M | $117.1M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.99 | −0.156% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.99 | −0.156% | $4.8M | $836K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.26 | −0.121% | $952K | $172K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.38 | −0.106% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.75 | −0.058% | $222K | $52K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.95 | −0.032% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.47 | −0.095% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 775.14 | −0.007% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0909% | 4h | 774.82 | −0.049% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Arcus SPY-USD
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC