Funding you earn now, next payment 09:00 UTC−0.0329%/8h= −36.0% APRpaid last 24h −0.108%
Price spread now: BloFin against GMX−0.005%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SPY/USD [ETH-USDC] | 772.67 | L +0.0209% / S −0.0429% | pay 0.0026% / 1h | 35m 14s | $10K | — | 26x |
| Short | BloFin SPY-USDT | 772.64 | −0.0120 | pay 0.0120% / 8h | 7h 35m | $416K | $439K | 50x |
GMX SPY/USD [ETH-USDC]
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against GMX. 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
- −$69.09
- Price spread: −0.005% → 0.000%
- −$0.45
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$93.54
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 41 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 41 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 8.6 bp −$864 | 14.8 bp −$7,418 |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDTshort | −0.0120% | 8h | 772.64 | −0.005% | $416K | $439K | 50x | |
| Phoenix SPY | −0.0031% | 1h | 772.09 | −0.076% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.53 | −0.018% | $863K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.64 | −0.004% | $28.6M | $75.3M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.65 | −0.003% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.66 | −0.002% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.17 | −0.065% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.63 | −0.006% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.70 | +0.003% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.08 | +0.052% | $160K | $340K | 10x | as long as short |
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
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 | 773.76 | +0.140% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.88 | +0.027% | $299K | $38K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0009% | 1h | 772.35 | −0.042% | $23K | $55K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 772.80 | +0.016% | $56.7M | $118.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 771.89 | −0.102% | $921K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.52 | −0.149% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.89 | −0.102% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.80 | +0.146% | $951K | $508K | 20x | as long as short |
| Nado SPY-PERP | +0.0077% | 1h | 772.22 | −0.059% | $1.5M | $250K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.09 | −0.076% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.19 | −0.063% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.41 | −0.034% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.01 | −0.086% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0120% | 1h | 772.62 | −0.007% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC]long | L +0.0209% / S −0.0429% | 1h | 772.67 | long leg | $10K | — | 26x | |
| RISEx SPY/USDC | +0.0211% | 1h | 772.65 | −0.003% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDC | +0.0424% | 4h | 772.65 | −0.003% | $638K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
RISEx SPY/USDC
edgeX SPYUSDC