Funding you earn now, next payment 01:00 UTC−0.0415%/8h= −45.5% APRpaid last 24h −0.075%
Price spread now: BloFin against RISEx−0.017%7-day average +0.021% · 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−$23as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 3 days (all we have)−0.181%−$18 on $10k
+Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.017%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and BloFin is 0.038% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SPY/USDC | 774.60 | 0.0320 | pay 0.0040% / 1h | 0m 07s | $6.9M | $5.2M | 25x |
| Short | BloFin SPY-USDT | 774.47 | −0.0095 | pay 0.0095% / 8h | 7h 00m | $415K | $571K | 50x |
RISEx SPY/USDC
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$87.25
- Price spread: −0.017% → +0.021%
- −$3.75
- Slippage, 4 orders
- −$1.15
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$110.15
- Costs to cover
- 0.191%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 4 min ago; BloFin: live order book, 6 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, 4 min ago | 0.06 bp | 3.1 bp −$3 | 3.8 bp −$38 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.06 bp | 6.1 bp −$6 | 6.5 bp −$65 | 8.5 bp −$855 | 16.1 bp −$8,058 |
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-USDTshort | −0.0095% | 8h | 774.47 | −0.017% | $415K | $571K | 50x | |
| Arcus SPY-USD | −0.0016% | 1h | 773.68 | −0.119% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.58 | −0.002% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.01 | −0.076% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.60 | 0.000% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.61 | +0.131% | $1K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.04 | −0.072% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.82 | +0.029% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0014% | 8h | 774.46 | −0.018% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0017% | 8h | 774.59 | −0.002% | $863K | $204K | 20x | as long as short |
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0024% | 8h | 774.41 | −0.024% | $19.0M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0025% | 8h | 774.43 | −0.022% | $28.5M | $81.5M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.25 | −0.045% | $8.3M | $21.8M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.63 | +0.004% | $57.6M | $115.6M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.19 | −0.182% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.141% | $4.8M | $846K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0060% | 8h | 774.53 | −0.009% | $160K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.85 | −0.097% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.077% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | −0.099% | $2.5M | $952K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.89 | −0.092% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.41 | −0.024% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.84 | −0.098% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0116% | 1h | 774.04 | −0.072% | $1.5M | $285K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.43 | −0.021% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0259% | 4h | 774.34 | −0.033% | $640K | $242K | 20x | as long as short |
| RISEx SPY/USDClong | +0.0320% | 1h | 774.60 | long leg | $6.9M | $5.2M | 25x |
MEXC SPY_USDT
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Phoenix SPY
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]
edgeX SPYUSDC