Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%
Price spread now: MEXC against OKX0.000%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$110.106% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now 0.000%, 7d avg +0.012%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SPY-USDT-SWAP | 774.52 | 0 | get 0.0000% / 8h | 2h 07m | $8.0M | $3.3M | 50x |
| Short | MEXC SPY_USDT | 774.52 | 0 | get 0.0000% / 8h | 2h 07m | $29.7M | $12.5M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0
- Price spread: 0.000% → +0.012%
- −$1.16
- Slippage, 4 orders
- −$0.64
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$11.8
- Costs to cover
- 0.106%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; MEXC: 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 OKX live order book, 5 min ago | 0.06 bp | 5.4 bp −$5 | 8.3 bp −$83 | 18.1 bp −$1,814 | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.1 bp −$6 | 0.9 bp −$454 |
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 | 774.09 | −0.056% | $416K | $473K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 774.03 | −0.063% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0057% | 1h | 774.31 | −0.027% | $1.6M | $262K | 20x | as long as short |
| ApeX Omni SPYUSDT | −0.0020% | 1h | 773.35 | −0.151% | $164K | $25K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.36 | −0.020% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.55 | +0.004% | $28.5M | $79.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.54 | +0.003% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAPlong | 0.0000% | 8h | 774.52 | long leg | $8.0M | $3.3M | 50x | |
| Gate SPY_USDT | 0.0000% | 8h | 774.08 | −0.057% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDTshort | 0.0000% | 8h | 774.52 | 0.000% | $29.7M | $12.5M | 100x |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.71 | +0.025% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.59 | +0.009% | $169K | $350K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.67 | +0.148% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.97 | +0.058% | $300K | $38K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.71 | +0.024% | $7.0M | $4.5M | 25x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0008% | 1h | 774.44 | −0.010% | $23K | $56K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0022% | 1h | 773.49 | −0.133% | $4.7M | $832K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.68 | −0.108% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.55 | −0.125% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.93 | +0.053% | $56.3M | $120.0M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.77 | −0.097% | $950K | $558K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.72 | −0.103% | $2.5M | $978K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.39 | −0.017% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.95 | −0.073% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 774.67 | +0.019% | $8.2M | $19.4M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.53 | +0.002% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0725% | 4h | 774.44 | −0.010% | $640K | $241K | 20x | as long as short |
OKX SPY-USDT-SWAP
MEXC SPY_USDT
BloFin SPY-USDT
Phoenix SPY
ApeX Omni SPYUSDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
RISEx SPY/USDC
Deribit SPY_USDC-PERPETUAL
Lighter RH SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC