Funding you earn now, next payment 03:00 UTC−0.0131%/8h= −14.3% APRnext payment −$0.16 per $10,000 · paid last 24h +0.002%
Price spread now: ApeX Omni against Nado−0.054%7-day average +0.009% · 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−$63as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 3 days (all we have)+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.054%, 7d avg +0.009%
=Together, before fees+0.139%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.064% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.009%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.101%, 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 | Nado SPY-PERP | 773.90 | 0.0048 | pay 0.0006% / 1h | 25m 32s | $1.5M | $292K | 20x |
| Short | ApeX Omni SPYUSDT | 773.48 | −0.0082 | pay 0.0010% / 1h | 25m 32s | $162K | $24K | 50x |
Nado SPY-PERP
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Nado. 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
- −$27.43
- Price spread: −0.054% → +0.009%
- −$6.36
- Slippage, 4 orders
- −$39.68
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$90.46
- Costs to cover
- 0.567%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; ApeX Omni: live order book, 35 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 Nado live order book, 3 min ago | 0.13 bp | 6.8 bp −$7 | 15.4 bp −$154 | 56.9 bp −$5,691 | doesn't fit |
| Sell ApeX Omni live order book, 35 min ago | 1.68 bp | 17.8 bp −$18 | 79.8 bp −$798 | 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 | −0.0108% | 8h | 774.38 | +0.062% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDTshort | −0.0082% | 1h | 773.48 | −0.054% | $162K | $24K | 50x | |
| Phoenix SPY | −0.0021% | 1h | 773.71 | −0.024% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.42 | +0.067% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.40 | +0.065% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.85 | −0.006% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.53 | +0.082% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.46 | +0.072% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.47 | +0.203% | $1K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.69 | +0.102% | $308K | $20K | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | +0.0006% | 8h | 774.43 | +0.069% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0011% | 8h | 774.36 | +0.060% | $23.3M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0012% | 8h | 774.37 | +0.061% | $28.3M | $79.7M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.53 | −0.048% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.10 | −0.103% | — | $123K | 50x | as long as short |
| Nado SPY-PERPlong | +0.0048% | 1h | 773.90 | long leg | $1.5M | $292K | 20x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.58 | −0.041% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.020% | $954K | $552K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0060% | 1h | 773.99 | +0.012% | $23K | $55K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.26 | +0.047% | $8.3M | $21.0M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.63 | +0.094% | $56.4M | $114.5M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.51 | +0.079% | $6.9M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.75 | −0.019% | $2.5M | $977K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.33 | +0.056% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.75 | −0.019% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.38 | +0.062% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0718% | 4h | 774.22 | +0.041% | $640K | $241K | 20x | as long as short |
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC