Funding you earn now, next payment 02:00 UTC+0.0190%/8h= +20.8% APRpaid last 24h +0.084%
Price spread now: RISEx against Gate+0.079%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 3 days (all we have)+0.105%+$10 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.079%, 7d avg +0.010%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and RISEx is 0.069% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.67 | 0 | get 0.0000% / 8h | 6h 37m | $780K | $2.3M | 75x |
| Short | RISEx SPY/USDC | 774.28 | 0.0190 | get 0.0024% / 1h | 37m 48s | $7.0M | $5.2M | 25x |
Gate SPY_USDT
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Gate. 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
- $39.83
- Price spread: +0.079% → +0.010%
- $6.91
- Slippage, 4 orders
- −$10.4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $15.34
- Costs to cover
- 0.314%
- Break-even
- 4.3 days
Slippage from Gate: live order book, 5 min ago; RISEx: live order book, 1 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 Gate live order book, 5 min ago | 3.30 bp | 11.1 bp −$11 | 17.9 bp −$179 | 66.6 bp −$6,664 | doesn't fit |
| Sell RISEx live order book, 1 min ago | 0.13 bp | 3.5 bp −$3 | 3.9 bp −$39 | 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 | −0.0096% | 8h | 774.30 | +0.081% | $417K | $545K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.06 | +0.050% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.67 | long leg | $780K | $2.3M | 75x | |
| Bitget SPYUSDT | 0.0000% | 8h | 774.33 | +0.085% | $10.9M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.32 | +0.213% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.01 | +0.044% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0012% | 8h | 774.08 | +0.053% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0015% | 8h | 774.33 | +0.085% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0023% | 8h | 774.16 | +0.063% | $19.7M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0024% | 8h | 774.17 | +0.065% | $28.4M | $80.5M | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0028% | 8h | 774.33 | +0.086% | $162K | $391K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.10 | +0.056% | $8.3M | $21.4M | 50x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.50 | +0.107% | $57.2M | $112.7M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.38 | −0.037% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.57 | −0.013% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.98 | −0.089% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.40 | −0.035% | $4.8M | $842K | 20x | as long as short |
| edgeX SPYUSDC | +0.0086% | 4h | 774.14 | +0.060% | $640K | $240K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | +0.061% | $955K | $555K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.65 | −0.003% | $2.5M | $939K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.79 | +0.016% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.28 | +0.079% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.59 | −0.011% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0118% | 1h | 773.74 | +0.009% | $1.5M | $285K | 20x | as long as short |
| RISEx SPY/USDCshort | +0.0190% | 1h | 774.28 | +0.079% | $7.0M | $5.2M | 25x | |
| Deribit SPY_USDC-PERPETUAL | +0.0202% | 1h | 773.99 | +0.041% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.17 | +0.065% | $10K | — | 26x | as long as short |
GRVT SPY_USDT_Perp
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
edgeX SPYUSDC
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]