Funding you earn now, next payment 10:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.06 per $10,000 · paid last 24h +0.014%
Price spread now: Coinbase International against Nado−0.014%45s7-day average −0.034% · 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—prices read too far apart to compare
costs, in and out, $10k−$260.257% of the position
Funding, last 4 days (all we have)−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.014%, 7d avg −0.034%
=Together, before fees+0.004%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour. The two prices were read 45 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 | 774.33 | 0.0004 | pay 0.0001% / 1h | 43m 30s | $1.5M | $283K | 20x |
| Short | Coinbase International SPY-PERP-INTX | 774.22 | 0.0056 | get 0.0007% / 1h | 43m 30s | $952K | $171K | 20x |
Nado SPY-PERP
Coinbase International SPY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $10.85
- Price spread: −0.014% → −0.034%
- $1.98
- Slippage, 4 orders
- −$8.68
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$12.84
- Costs to cover
- 0.257%
- Break-even
- 15.3 days
Slippage from Nado: live order book, 3 min ago; Coinbase International: live order book, 3 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 | 0.06 bp | 5.8 bp −$6 | 13.3 bp −$133 | 38.6 bp −$3,863 | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 0.06 bp | 7.6 bp −$8 | 9.4 bp −$94 | 38.2 bp −$3,823 | doesn't fit |
SPY on 27 exchanges
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 | −0.0195% | 1h | 774.06 | −0.035% | $223K | $51K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.61 | +0.036% | $417K | $422K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.66 | +0.043% | $863K | $200K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.70 | +0.047% | $28.5M | $75.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.60 | +0.035% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.53 | +0.026% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.63 | +0.039% | $7.1M | $3.3M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.21 | −0.015% | $788K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.72 | +0.050% | $29.2M | $13.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.81 | +0.062% | $11.1M | $1.6M | 50x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.88 | +0.072% | $161K | $336K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 774.24 | −0.012% | $158K | $74K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.74 | +0.182% | $2K | $1.2M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.38 | +0.007% | $23K | $39K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 775.04 | +0.092% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERPlong | +0.0004% | 1h | 774.33 | long leg | $1.5M | $283K | 20x | |
| Arcus SPY-USD | +0.0015% | 1h | 773.76 | −0.074% | $980K | $1.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.50 | +0.022% | $7.8M | $16.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.80 | +0.061% | $56.8M | $115.0M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.47 | −0.111% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.63 | −0.090% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTXshort | +0.0056% | 1h | 774.22 | −0.014% | $952K | $171K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.13 | −0.026% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.61 | +0.036% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.07 | −0.033% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.55 | +0.029% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0236% | 4h | 774.35 | +0.003% | $640K | $244K | 20x | as long as short |
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Arcus SPY-USD
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC