Funding you earn now, next payment 20:00 UTC−0.0012%/8hpaid last 24h −0.008%
Price spread now: Vest against Bitget−0.137%7-day average −0.108% · 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)+0.020%+$2 on $10k
+Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.137%, 7d avg −0.108%
=Together, before fees+0.057%+ Points / potential airdropVest: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Vest is 0.029% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.108%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 774.97 | 0.0058 | pay 0.0058% / 8h | 4h 22m | $10.8M | $3.1M | 50x |
| Short | Vest SPY-USD-PERP | 773.91 | 0.0046 | get 0.0006% / 1h | 22m 48s | — | $123K | 50x |
Bitget SPYUSDT
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$2.59
- Price spread: −0.137% → −0.108%
- −$2.85
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$19.44
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 10 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 Bitget live order book, 10 min ago | 0.45 bp | 7.2 bp −$7 | 9.3 bp −$93 | 18.1 bp −$1,814 | 25.7 bp −$12.9K |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0300% | 1h | 774.02 | −0.123% | $161K | $295K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.89 | −0.010% | $422K | $719K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.69 | −0.037% | $865K | $275K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.92 | −0.006% | $28.9M | $85.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.97 | 0.000% | $6.2M | $2.2M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 775.01 | +0.005% | $8.0M | $3.5M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 775.00 | +0.003% | $6.9M | $5.7M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.48 | −0.063% | $740K | $2.1M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.94 | −0.004% | $22.6M | $12.3M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.93 | −0.005% | $158K | $509K | 10x | as long as short |
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 776.06 | +0.141% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.99 | +0.003% | $308K | $20K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 775.00 | +0.004% | $8.8M | $21.9M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 775.37 | +0.052% | $56.9M | $126.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 774.25 | −0.093% | $951K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.91 | −0.137% | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 774.16 | −0.105% | $4.8M | $937K | 20x | as long as short |
| Bitget SPYUSDTlong | +0.0058% | 8h | 774.97 | long leg | $10.8M | $3.1M | 50x | |
| Nado SPY-PERP | +0.0071% | 1h | 774.58 | −0.050% | $1.5M | $306K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0080% | 1h | 774.48 | −0.063% | $936K | $629K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0086% | 1h | 774.87 | −0.013% | $22K | $74K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.34 | −0.081% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.58 | −0.050% | $154K | $32K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.93 | −0.005% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.49 | −0.062% | $87K | — | 10x | as long as short |
| edgeX SPYUSDC | +0.0131% | 4h | 774.86 | −0.015% | $640K | $240K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0326% / S −0.1264% | 1h | 774.96 | −0.002% | $25K | — | 53x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Ondo Perps SPY-USD.P
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]