Funding you earn now, next payment 04:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.017%
Price spread now: BloFin against Nado+0.042%103s7-day average +0.040% · 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—prices read too far apart to compare
costs, in and out, $10k−$250.254% of the position
Funding, last 3 days (all we have)−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.042%, 7d avg +0.040%
=Together, before fees−0.022%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPY-PERP | 773.91 | 0.0074 | pay 0.0009% / 1h | 9m 36s | $1.5M | $280K | 20x |
| Short | BloFin SPY-USDT | 774.23 | −0.0118 | pay 0.0118% / 8h | 4h 09m | $417K | $468K | 50x |
Nado SPY-PERP
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$40.51
- Price spread: +0.042% → +0.040%
- $0.15
- Slippage, 4 orders
- −$6.43
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$65.78
- Costs to cover
- 0.254%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; BloFin: live order book, 26 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, 4 min ago | 0.06 bp | 6.0 bp −$6 | 14.2 bp −$142 | 55.2 bp −$5,517 | doesn't fit |
| Sell BloFin live order book, 26 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 8.4 bp −$838 | 16.0 bp −$7,986 |
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 | −0.0118% | 8h | 774.23 | +0.042% | $417K | $468K | 50x | |
| ApeX Omni SPYUSDT | −0.0032% | 1h | 772.98 | −0.120% | $162K | $24K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | +0.046% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.21 | +0.039% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.72 | −0.024% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.40 | +0.064% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.37 | +0.060% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.62 | −0.037% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.25 | +0.174% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.87 | −0.005% | $23K | $56K | 20x | as long as short |
ApeX Omni SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.078% | $308K | $20K | 50x | as long as short |
| Binance SPYUSDT | +0.0001% | 8h | 774.22 | +0.041% | $28.2M | $79.9M | 50x | as long as short |
| MEXC SPY_USDT | +0.0001% | 8h | 774.21 | +0.039% | $26.5M | $12.1M | 100x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.60 | −0.040% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.07 | −0.108% | — | $123K | 50x | as long as short |
| Aster SPYUSDT | +0.0046% | 8h | 774.30 | +0.050% | $865K | $196K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.58 | −0.042% | $4.8M | $828K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.56 | +0.084% | $56.5M | $115.6M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | +0.019% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERPlong | +0.0074% | 1h | 773.91 | long leg | $1.5M | $280K | 20x | |
| Lighter SPY | +0.0080% | 1h | 774.19 | +0.037% | $8.3M | $19.7M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.88 | −0.003% | $2.5M | $974K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.26 | +0.046% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.71 | −0.025% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.35 | +0.057% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.24 | +0.042% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0333% | 4h | 774.09 | +0.024% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
Binance SPYUSDT
MEXC SPY_USDT
Arcus SPY-USD
Vest SPY-USD-PERP
Aster SPYUSDT
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC