Funding you earn now, next payment 02:00 UTC−0.0166%/8h= −18.1% APRpaid last 24h −0.041%
Price spread now: Binance against RISEx−0.031%7-day average −0.007% · 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−$20as in the Price arb table
costs, in and out, $10k−$170.173% of the position
Funding, last 3 days (all we have)−0.053%−$5 on $10k
+Price spread, last 2 days (all we have)+0.066%+$7 · spread now −0.031%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.023% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SPY/USDC | 774.35 | 0.0190 | pay 0.0024% / 1h | 37m 06s | $7.0M | $5.2M | 25x |
| Short | Binance SPYUSDT | 774.11 | 0.0024 | get 0.0024% / 8h | 6h 37m | $28.4M | $80.4M | 50x |
RISEx SPY/USDC
Binance SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$34.81
- Price spread: −0.031% → −0.007%
- −$2.32
- Slippage, 4 orders
- −$1.3
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$54.43
- Costs to cover
- 0.173%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 2 min ago; Binance: live order book, 5 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, 2 min ago | 0.13 bp | 3.7 bp −$4 | 4.0 bp −$40 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.06 bp | 5.1 bp −$5 | 5.5 bp −$55 | 9.2 bp −$920 | 30.2 bp −$15.1K |
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 | −0.006% | $417K | $545K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.99 | −0.046% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.65 | −0.090% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.33 | −0.002% | $10.9M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.31 | +0.125% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.01 | −0.043% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0011% | 8h | 774.08 | −0.034% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0015% | 8h | 774.25 | −0.012% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0023% | 8h | 774.13 | −0.028% | $19.7M | $11.8M | 100x | as long as short |
| Binance SPYUSDTshort | +0.0024% | 8h | 774.11 | −0.031% | $28.4M | $80.4M | 50x |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDTShow 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 | +0.001% | $162K | $391K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.03 | −0.041% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.39 | −0.123% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.57 | −0.100% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.94 | −0.181% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.43 | +0.011% | $57.2M | $112.7M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.40 | −0.122% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | −0.027% | $955K | $555K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.64 | −0.091% | $2.5M | $938K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.71 | −0.082% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.09 | −0.033% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.57 | −0.100% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0120% | 1h | 773.76 | −0.076% | $1.5M | $285K | 20x | as long as short |
| RISEx SPY/USDClong | +0.0190% | 1h | 774.35 | long leg | $7.0M | $5.2M | 25x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.16 | −0.023% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0228% | 1h | 773.96 | −0.050% | $23K | $55K | 20x | as long as short |
| edgeX SPYUSDC | +0.0302% | 4h | 774.06 | −0.037% | $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
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC