Funding you earn now, next payment 05:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.007%
Price spread now: Orderly against Nado+0.033%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.033% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPY-PERP | 773.89 | −0.0002 | get 0.0000% / 1h | 3m 19s | $1.6M | $275K | 20x |
| Short | Orderly PERP_SPY_USDC_mythos | 774.15 | 0.0100 | get 0.0100% / 8h | 3h 03m | $1K | — | 20x |
Nado SPY-PERP
Orderly PERP_SPY_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $21.33
- Price spread: +0.033% → 0.000%
- $3.3
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $11.62
- Costs to cover
- 0.130%
- Break-even
- 3.2 days
Slippage unknown: Nado: live order book, 5 min ago; Orderly: no order-book sample. 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 Nado live order book, 5 min ago | 0.13 bp | 6.5 bp −$7 | 17.3 bp −$173 | 59.2 bp −$5,922 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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-USDT | −0.0120% | 8h | 774.14 | +0.032% | $417K | $471K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0046% | 1h | 773.16 | −0.095% | $163K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.62 | −0.036% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERPlong | −0.0002% | 1h | 773.89 | long leg | $1.6M | $275K | 20x | |
| Aster SPYUSDT | 0.0000% | 8h | 774.07 | +0.023% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.23 | +0.043% | $28.2M | $79.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.22 | +0.042% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.09 | +0.025% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.75 | −0.019% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.22 | +0.042% | $29.7M | $12.5M | 100x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.35 | +0.059% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.28 | +0.049% | $158K | $359K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.191% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.43 | +0.069% | $308K | $20K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0037% | 1h | 773.00 | −0.116% | $4.7M | $831K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.56 | +0.086% | $56.3M | $118.7M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.056% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.13 | −0.099% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.00 | +0.014% | $23K | $56K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.90 | +0.001% | $951K | $558K | 20x | as long as short |
| Lighter SPY | +0.0088% | 1h | 774.31 | +0.054% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.46 | −0.056% | $2.5M | $973K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythosshort | +0.0100% | 8h | 774.15 | +0.033% | $1K | — | 20x | |
| RISEx SPY/USDC | +0.0100% | 1h | 774.35 | +0.059% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.63 | −0.034% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.23 | +0.043% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0984% | 4h | 774.05 | +0.020% | $640K | $242K | 20x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Ondo Perps SPY-USD.P
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
RISEx SPY/USDC
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC