Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h +0.026%
Price spread now: ApeX Omni against Bybit−0.143%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days+0.206%+$21 on $10k
+Price spread, last 4 days (all we have)+0.125%+$12 · spread now −0.143%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.135% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.206%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPYUSDT | 774.27 | 0 | get 0.0000% / 8h | 3h 02m | $6.3M | $1.9M | 100x |
| Short | ApeX Omni SPYUSDT | 773.16 | −0.0046 | pay 0.0006% / 1h | 2m 57s | $163K | $24K | 50x |
Bybit SPYUSDT
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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
- −$9.69
- Price spread: −0.143% → −0.008%
- −$13.52
- Slippage, 4 orders
- −$24.76
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$68.98
- Costs to cover
- 0.458%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; ApeX Omni: live order book, 48 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 Bybit live order book, 5 min ago | 0.84 bp | 7.7 bp −$8 | 10.2 bp −$102 | 29.8 bp −$2,977 | doesn't fit |
| Sell ApeX Omni live order book, 48 min ago | 9.19 bp | 16.2 bp −$16 | 84.1 bp −$841 | 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 | 774.22 | −0.006% | $417K | $471K | 50x | as long as short |
| ApeX Omni SPYUSDTshort | −0.0046% | 1h | 773.16 | −0.143% | $163K | $24K | 50x | |
| Phoenix SPY | −0.0010% | 1h | 773.62 | −0.084% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0002% | 1h | 773.89 | −0.048% | $1.6M | $275K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.07 | −0.026% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.22 | −0.006% | $28.2M | $79.7M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 774.27 | long leg | $6.3M | $1.9M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.10 | −0.022% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.76 | −0.066% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.21 | −0.008% | $29.7M | $12.5M | 100x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.35 | +0.010% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.28 | +0.001% | $158K | $359K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.142% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.54 | +0.035% | $308K | $20K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0037% | 1h | 773.00 | −0.164% | $4.7M | $831K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.56 | +0.037% | $56.3M | $118.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.105% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.13 | −0.147% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.00 | −0.035% | $23K | $56K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.90 | −0.048% | $951K | $558K | 20x | as long as short |
| Lighter SPY | +0.0088% | 1h | 774.32 | +0.006% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.44 | −0.107% | $2.5M | $973K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.15 | −0.015% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.35 | +0.010% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.63 | −0.082% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.23 | −0.006% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0984% | 4h | 774.05 | −0.029% | $640K | $242K | 20x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Ondo Perps SPY-USD.P
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC