Funding you earn now, next payment 02:00 UTC+0.0231%/8h= +25.3% APRpaid last 24h +0.051%
Price spread now: Deribit against OKX+0.005%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SPY-USDT-SWAP | 774.04 | 0.0010 | pay 0.0010% / 8h | 6h 34m | $7.9M | $3.3M | 50x |
| Short | Deribit SPY_USDC-PERPETUAL | 774.08 | 0.0241 | get 0.0030% / 1h | 34m 52s | $23K | $55K | 20x |
OKX SPY-USDT-SWAP
Deribit SPY_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- $48.57
- Price spread: +0.005% → 0.000%
- $0.52
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $32.09
- Costs to cover
- 0.170%
- Break-even
- 2.4 days
Slippage unknown: OKX: live order book, 3 min ago; Deribit: 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 OKX live order book, 3 min ago | 0.06 bp | 5.6 bp −$6 | 9.0 bp −$90 | 20.7 bp −$2,069 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.0096% | 8h | 774.30 | +0.034% | $417K | $545K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.02 | −0.003% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.74 | −0.039% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.37 | +0.043% | $10.9M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.31 | +0.164% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.25 | +0.027% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAPlong | +0.0010% | 8h | 774.04 | long leg | $7.9M | $3.3M | 50x | |
| Aster SPYUSDT | +0.0015% | 8h | 774.26 | +0.028% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0023% | 8h | 774.17 | +0.017% | $19.7M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0023% | 8h | 774.17 | +0.017% | $28.4M | $80.4M | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0028% | 8h | 774.36 | +0.041% | $162K | $391K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.10 | +0.008% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.36 | −0.088% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.58 | −0.059% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.02 | −0.132% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.56 | +0.067% | $57.2M | $112.8M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.39 | −0.084% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | +0.013% | $955K | $555K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.59 | −0.058% | $2.5M | $937K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.68 | −0.047% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.10 | +0.008% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.61 | −0.056% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0124% | 1h | 773.79 | −0.032% | $1.5M | $288K | 20x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.31 | +0.035% | $7.0M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.18 | +0.019% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUALshort | +0.0241% | 1h | 774.08 | +0.005% | $23K | $55K | 20x | |
| edgeX SPYUSDC | +0.0302% | 4h | 774.06 | +0.002% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
Lighter SPY
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Lighter RH SPY
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC