Funding you earn now, next payment 07:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.07 per $10,000 · paid last 24h −0.039%
Price spread now: Nado against RISEx−0.068%7-day average −0.008% · 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−$26as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Funding, last 3 days (all we have)−0.093%−$9 on $10k
+Price spread, last 7 days+0.095%+$10 · spread now −0.068%, 7d avg −0.008%
=Together, before fees+0.002%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.061% cheaper against RISEx than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SPY/USDC | 774.62 | 0.0043 | pay 0.0005% / 1h | 24m 23s | $7.1M | $4.2M | 25x |
| Short | Nado SPY-PERP | 774.10 | −0.0010 | pay 0.0001% / 1h | 24m 23s | $1.6M | $253K | 20x |
RISEx SPY/USDC
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$11.15
- Price spread: −0.068% → −0.008%
- −$6.07
- Slippage, 4 orders
- −$6.8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$37.03
- Costs to cover
- 0.198%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 5 min ago; Nado: live order book, 4 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, 5 min ago | 0.52 bp | 3.5 bp −$4 | 3.8 bp −$38 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.06 bp | 6.4 bp −$6 | 15.2 bp −$152 | 55.4 bp −$5,535 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0217% | 1h | 773.48 | −0.148% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | −0.068% | $419K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.79 | −0.108% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0026% | 1h | 773.40 | −0.158% | $4.8M | $870K | 20x | as long as short |
| Nado SPY-PERPshort | −0.0010% | 1h | 774.10 | −0.068% | $1.6M | $253K | 20x | |
| Aster SPYUSDT | 0.0000% | 8h | 774.28 | −0.045% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.35 | −0.035% | $28.7M | $78.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.08 | −0.070% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.19 | −0.056% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.82 | −0.104% | $770K | $2.5M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Ondo Perps SPY-USD.P
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.35 | −0.035% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | −0.019% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | −0.025% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.45 | +0.107% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.93 | −0.090% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.48 | −0.019% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.41 | −0.028% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.65 | +0.003% | $56.2M | $119.2M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | −0.091% | $950K | $555K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.54 | −0.140% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDClong | +0.0043% | 1h | 774.62 | long leg | $7.1M | $4.2M | 25x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.42 | −0.155% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.51 | −0.144% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.24 | −0.050% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.82 | −0.104% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.36 | −0.035% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0616% | 4h | 774.22 | −0.052% | $640K | $241K | 20x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
Vest SPY-USD-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC