Funding you earn now, next payment 04:00 UTC−0.0169%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.038%
Price spread now: ApeX Omni against RISEx−0.127%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Funding, last 4 days (all we have)−0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.127%, 7d avg −0.014%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.113% cheaper against RISEx than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SPY/USDC | 774.46 | 0.0173 | pay 0.0022% / 1h | 33m 28s | $7.0M | $5.0M | 25x |
| Short | ApeX Omni SPYUSDT | 773.48 | 0.0004 | get 0.0000% / 1h | 33m 28s | $163K | $24K | 50x |
RISEx SPY/USDC
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against RISEx. 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
- −$35.59
- Price spread: −0.127% → −0.014%
- −$11.34
- Slippage, 4 orders
- −$17.15
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$80.07
- Costs to cover
- 0.331%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 1 min ago; ApeX Omni: live order book, 22 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 RISEx live order book, 1 min ago | 0.06 bp | 3.2 bp −$3 | 3.4 bp −$34 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 22 min ago | 4.01 bp | 16.7 bp −$17 | 93.8 bp −$938 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0105% | 8h | 774.31 | −0.020% | $417K | $468K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.31 | −0.020% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.33 | −0.017% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.79 | −0.087% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.002% | $10.9M | $1.9M | 50x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.71 | −0.097% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.117% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.03 | −0.056% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.65 | +0.024% | $308K | $20K | 50x | as long as short |
| ApeX Omni SPYUSDTshort | +0.0004% | 1h | 773.48 | −0.127% | $163K | $24K | 50x |
BloFin SPY-USDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0010% | 8h | 774.41 | −0.007% | $163K | $374K | 10x | as long as short |
| MEXC SPY_USDT | +0.0014% | 8h | 774.30 | −0.021% | $25.4M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0014% | 8h | 774.32 | −0.018% | $28.3M | $80.0M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.61 | −0.110% | $934K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.13 | −0.172% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.62 | −0.109% | $4.8M | $838K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.053% | $954K | $552K | 20x | as long as short |
| Aster SPYUSDT | +0.0064% | 8h | 774.61 | +0.018% | $865K | $196K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.66 | +0.025% | $56.4M | $113.8M | 50x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.34 | −0.016% | $8.3M | $19.5M | 50x | as long as short |
| Nado SPY-PERP | +0.0083% | 1h | 773.94 | −0.067% | $1.5M | $280K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.71 | −0.097% | $2.5M | $976K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | −0.012% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | −0.096% | $87K | — | 10x | as long as short |
| edgeX SPYUSDC | +0.0124% | 4h | 774.18 | −0.037% | $640K | $242K | 20x | as long as short |
| RISEx SPY/USDClong | +0.0173% | 1h | 774.46 | long leg | $7.0M | $5.0M | 25x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.32 | −0.019% | $10K | — | 26x | as long as short |
GRVT SPY_USDT_Perp
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Aster SPYUSDT
Lighter RH SPY
Lighter SPY
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]