SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0167%/8h= −18.2% APRnext payment −$0.21 per $10,000 · paid last 24h −0.022%

Price spread now: RISEx against GMX+0.035%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, funding is against you. RISEx is 0.035% dearer against GMX than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SPY/USD [ETH-USDC]	774.36	L +0.0209% / S −0.0429%	pay 0.0026% / 1h	24m 20s	$10K	—	26x
Short	RISEx SPY/USDC	774.62	0.0043	get 0.0005% / 1h	24m 20s	$7.1M	$4.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee RISExbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$34.97
Price spread: +0.035% → 0.000%: $3.48
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$49.49
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; RISEx: live order book, 5 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 RISEx live order book, 5 min ago	0.52 bp	3.5 bp −$4	3.9 bp −$39	doesn't fit	doesn't fit

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
ApeX Omni SPYUSDT	−0.0217%	1h	773.48	−0.113%	$164K	$25K	50x	as long as short
BloFin SPY-USDT	−0.0120%	8h	774.10	−0.033%	$419K	$471K	50x	as long as short
Phoenix SPY	−0.0114%	1h	773.79	−0.073%	$161K	$294K	20x	as long as short
Ondo Perps SPY-USD.P	−0.0026%	1h	773.40	−0.123%	$4.8M	$870K	20x	as long as short
Nado SPY-PERP	−0.0010%	1h	774.10	−0.033%	$1.6M	$253K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	774.28	−0.010%	$864K	$198K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.36	+0.001%	$28.7M	$78.7M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.08	−0.036%	$6.2M	$1.7M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.19	−0.021%	$8.0M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.83	−0.068%	$770K	$2.5M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SPY_USDT	0.0000%	8h	774.35	−0.001%	$29.7M	$11.9M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.50	+0.019%	$10.9M	$1.8M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.43	+0.010%	$158K	$361K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.45	+0.141%	$2K	$1.4M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	773.94	−0.054%	$23K	$56K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	774.48	+0.016%	$300K	$38K	50x	as long as short
Lighter SPY	+0.0032%	1h	774.43	+0.010%	$8.2M	$18.6M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	774.69	+0.043%	$56.2M	$119.3M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0032%	1h	773.92	−0.056%	$950K	$532K	20x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.54	−0.105%	$927K	$1.4M	50x	as long as short
RISEx SPY/USDCshort	+0.0043%	1h	774.62	+0.035%	$7.1M	$4.2M	25x
Vest SPY-USD-PERP	+0.0046%	1h	773.42	−0.121%	—	$123K	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.51	−0.109%	$2.5M	$1.0M	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.24	−0.015%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.84	−0.066%	$87K	—	10x	as long as short
GMX SPY/USD [ETH-USDC]long	L +0.0209% / S −0.0429%	1h	774.36	long leg	$10K	—	26x
edgeX SPYUSDC	+0.0616%	4h	774.22	−0.017%	$640K	$241K	20x	as long as short