SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0109%/8h= +11.9% APRnext payment +$0.14 per $10,000 · paid last 24h +0.267%

Price spread now: GMX against RISEx−0.021%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.021% cheaper against RISEx than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$3 a day).

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 11s	$6.9M	$5.2M	25x
Short	GMX SPY/USD [ETH-USDC]	774.43	L +0.0209% / S −0.0429%	get 0.0054% / 1h	0m 11s	$10K	—	26x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee GMXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $22.84
Price spread: −0.021% → 0.000%: −$2.11
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $2.73
Costs to cover: 0.180%
Break-even: 6.2 days

Slippage unknown: RISEx: live order book, 4 min ago; GMX: 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 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 GMX no order-book sample	—	—	—	—	—

GMX: 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
BloFin SPY-USDT	−0.0095%	8h	774.47	−0.017%	$415K	$571K	50x	as long as short
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	774.60	0.000%	$863K	$204K	20x	as long as short

Show 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]short	L +0.0209% / S −0.0429%	1h	774.43	−0.021%	$10K	—	26x
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