Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h −0.021%
Price spread now: Arcus against Coinbase International−0.059%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 4 days (all we have)+0.149%+$15 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.059%, 7d avg −0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.047% cheaper against Coinbase International than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SPY-PERP-INTX | 773.90 | 0.0048 | pay 0.0006% / 1h | 45m 22s | $951K | $558K | 20x |
| Short | Arcus SPY-USD | 773.44 | 0.0040 | get 0.0005% / 1h | 45m 22s | $928K | $1.4M | 50x |
Coinbase International SPY-PERP-INTX
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Coinbase International. 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
- −$1.62
- Price spread: −0.059% → −0.012%
- −$4.71
- Slippage, 4 orders
- −$7.91
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$28.74
- Costs to cover
- 0.224%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Arcus: 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 Coinbase International live order book, 3 min ago | 0.06 bp | 5.5 bp −$5 | 7.8 bp −$78 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 4 min ago | 0.06 bp | 5.4 bp −$5 | 10.0 bp −$100 | 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 | 774.18 | +0.036% | $418K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.57 | −0.043% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0025% | 1h | 773.87 | −0.004% | $1.6M | $272K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.07 | +0.022% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.16 | +0.034% | $28.3M | $79.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.07 | +0.022% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.02 | +0.016% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.67 | −0.030% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.14 | +0.031% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.29 | +0.050% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.25 | +0.045% | $170K | $362K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.32 | +0.183% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.84 | −0.008% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.78 | −0.016% | $306K | $36K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.33 | +0.055% | $7.0M | $4.9M | 25x | as long as short |
| Arcus SPY-USDshort | +0.0040% | 1h | 773.44 | −0.059% | $928K | $1.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.09 | −0.105% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0048% | 1h | 773.04 | −0.111% | $4.7M | $831K | 20x | as long as short |
| Coinbase International SPY-PERP-INTXlong | +0.0048% | 1h | 773.90 | long leg | $951K | $558K | 20x | |
| ApeX Omni SPYUSDT | +0.0061% | 1h | 773.13 | −0.099% | $164K | $25K | 50x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.53 | +0.081% | $56.2M | $116.5M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.61 | −0.037% | $2.5M | $964K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | +0.034% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.58 | −0.041% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0184% | 1h | 774.31 | +0.053% | $8.1M | $19.2M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.13 | +0.030% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0268% | 4h | 774.00 | +0.013% | $640K | $243K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
ApeX Omni SPYUSDT
Lighter RH SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC