Funding you earn now, next payment 07:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h +0.039%
Price spread now: RISEx against Nado+0.063%7-day average +0.008% · 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−$14as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Funding, last 3 days (all we have)+0.093%+$9 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.063%, 7d avg +0.008%
=Together, before fees+0.004%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and RISEx is 0.055% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPY-PERP | 773.93 | −0.0027 | get 0.0003% / 1h | 38m 19s | $1.6M | $256K | 20x |
| Short | RISEx SPY/USDC | 774.41 | 0.0043 | get 0.0005% / 1h | 38m 19s | $7.1M | $4.2M | 25x |
Nado SPY-PERP
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $14.64
- Price spread: +0.063% → +0.008%
- $5.51
- Slippage, 4 orders
- −$6.64
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $0.52
- Costs to cover
- 0.196%
- Break-even
- 6.8 days
Slippage from Nado: live order book, 5 min ago; RISEx: live order book, 1 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, 5 min ago | 0.06 bp | 6.0 bp −$6 | 16.5 bp −$165 | 57.9 bp −$5,788 | doesn't fit |
| Sell RISEx live order book, 1 min ago | 0.45 bp | 3.5 bp −$3 | 4.0 bp −$40 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0263% | 1h | 773.49 | −0.056% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | +0.021% | $419K | $472K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.76 | −0.022% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0062% | 1h | 773.38 | −0.071% | $4.7M | $871K | 20x | as long as short |
| Nado SPY-PERPlong | −0.0027% | 1h | 773.93 | long leg | $1.6M | $256K | 20x | |
| Aster SPYUSDT | 0.0000% | 8h | 774.14 | +0.028% | $863K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.15 | +0.029% | $28.6M | $78.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.00 | +0.009% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.07 | +0.019% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.75 | −0.023% | $770K | $2.4M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Ondo Perps SPY-USD.P
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.14 | +0.028% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.47 | +0.070% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | +0.065% | $169K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.31 | +0.179% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.96 | +0.004% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.63 | +0.091% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.25 | +0.042% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.51 | +0.075% | $56.2M | $118.3M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.77 | −0.020% | $950K | $555K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.48 | −0.058% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDCshort | +0.0043% | 1h | 774.41 | +0.063% | $7.1M | $4.2M | 25x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.13 | −0.103% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.61 | −0.041% | $2.5M | $997K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.11 | +0.024% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.64 | −0.037% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.26 | +0.044% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0508% | 4h | 774.19 | +0.034% | $640K | $241K | 20x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
Vest SPY-USD-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC