Funding you earn now, next payment 00:00 UTC+0.0100%/8hnext payment +$1.00 per $10,000 · paid last 24h +0.016%
Price spread now: Orderly against OKX+0.010%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: +$3 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 | 774.25 | 0 | get 0.0000% / 8h | 4h 01m | $8.0M | $3.6M | 50x |
| Short | Orderly PERP_SPY_USDC_mythos | 774.33 | 0.0100 | get 0.0100% / 8h | 4h 01m | $1K | — | 20x |
OKX SPY-USDT-SWAP
Orderly PERP_SPY_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $21
- Price spread: +0.010% → 0.000%
- $1.03
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $6.03
- Costs to cover
- 0.160%
- Break-even
- 5.0 days
Slippage unknown: OKX: live order book, 6 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 OKX live order book, 6 min ago | 0.06 bp | 6.3 bp −$6 | 8.5 bp −$85 | 19.6 bp −$1,960 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0300% | 1h | 773.67 | −0.075% | $161K | $295K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.65 | +0.052% | $377K | $720K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.35 | +0.013% | $863K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.40 | +0.019% | $28.7M | $87.1M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.36 | +0.014% | $6.2M | $2.3M | 100x | as long as short |
| OKX SPY-USDT-SWAPlong | 0.0000% | 8h | 774.25 | long leg | $8.0M | $3.6M | 50x | |
| RISEx SPY/USDC | 0.0000% | 1h | 774.36 | +0.014% | $6.9M | $5.7M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.76 | −0.063% | $741K | $2.1M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.40 | +0.019% | $23.1M | $12.4M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.65 | +0.052% | $158K | $509K | 10x | as long as short |
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.36 | +0.143% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.06 | −0.025% | $308K | $20K | 50x | as long as short |
| edgeX SPYUSDC | +0.0007% | 4h | 774.34 | +0.012% | $640K | $240K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.17 | −0.010% | $8.8M | $22.0M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.59 | +0.044% | $56.6M | $128.2M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.73 | −0.067% | $951K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.13 | −0.145% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.56 | −0.089% | $4.8M | $939K | 20x | as long as short |
| Bitget SPYUSDT | +0.0055% | 8h | 774.38 | +0.017% | $10.8M | $3.1M | 50x | as long as short |
| Nado SPY-PERP | +0.0059% | 1h | 773.81 | −0.057% | $1.5M | $319K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0080% | 1h | 774.85 | +0.077% | $958K | $654K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.77 | −0.062% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.00 | −0.032% | $154K | $32K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythosshort | +0.0100% | 8h | 774.33 | +0.010% | $1K | — | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.85 | −0.052% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0125% | 1h | 774.14 | −0.014% | $22K | $74K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.28 | +0.005% | $10K | — | 53x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
edgeX SPYUSDC
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Bitget SPYUSDT
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]