Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.023%
Price spread now: SunX against BloFin+0.134%55s7-day average +0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2482.483% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.134%, 7d avg +0.141%
=The price spread sits at its 7-day average of +0.141%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 55 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 | BloFin SPY-USDT | 774.73 | −0.0120 | get 0.0120% / 8h | 4h 07m | $420K | $401K | 50x |
| Short | SunX SPY-USDT | 775.77 | 0 | get 0.0000% / 8h | 4h 07m | $2K | $1.1M | 10x |
BloFin SPY-USDT
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against BloFin. 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
- $25.2
- Price spread: +0.134% → +0.141%
- −$0.68
- Slippage, 4 orders
- −$228.3
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$223.78
- Costs to cover
- 2.483%
- Break-even
- 69.2 days
Slippage from BloFin: live order book, 31 min ago; SunX: live order book, 9 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 BloFin live order book, 31 min ago | 0.06 bp | 6.1 bp −$6 | 6.1 bp −$61 | 8.5 bp −$849 | doesn't fit |
| Sell SunX live order book, 9 min ago | 29.06 bp | 128.5 bp −$129 | doesn't fit | doesn't fit | 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-USDTlong | −0.0120% | 8h | 774.73 | long leg | $420K | $401K | 50x | |
| Arcus SPY-USD | −0.0042% | 1h | 773.75 | −0.126% | $1.0M | $1.4M | 50x | as long as short |
| Nado SPY-PERP | −0.0031% | 1h | 774.39 | −0.044% | $1.5M | $283K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.55 | −0.023% | $862K | $207K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.62 | −0.014% | $28.4M | $74.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.69 | −0.005% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.69 | −0.005% | $7.8M | $3.2M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.64 | −0.011% | $7.1M | $3.1M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.19 | −0.070% | $806K | $2.6M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.61 | −0.015% | $18.9M | $13.8M | 100x | as long as short |
Arcus SPY-USD
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.79 | +0.008% | $11.0M | $1.6M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.69 | −0.005% | $164K | $361K | 10x | as long as short |
| SunX SPY-USDTshort | 0.0000% | 8h | 775.77 | +0.134% | $2K | $1.1M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.32 | −0.053% | $23K | $38K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.92 | +0.025% | $300K | $21K | 50x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 774.22 | −0.066% | $161K | $74K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.52 | −0.027% | $7.8M | $16.2M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.84 | +0.014% | $57.4M | $116.8M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0040% | 1h | 774.25 | −0.062% | $945K | $189K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.57 | −0.150% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.157% | $4.8M | $856K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.20 | −0.068% | $2.5M | $1.1M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.40 | −0.043% | $226K | $54K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.57 | −0.021% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.03 | −0.091% | $87K | — | 10x | as long as short |
| edgeX SPYUSDC | +0.0147% | 4h | 774.52 | −0.027% | $640K | $242K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.63 | −0.014% | $10K | — | 26x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Phoenix SPY
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]