Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.008%
Price spread now: Arcus against SunX−0.240%7-day average −0.226% · 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−$247as in the Price arb table
costs, in and out, $10k−$2462.460% of the position
Funding, last 4 days (all we have)+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.240%, 7d avg −0.226%
=The price spread sits at its 7-day average of −0.226%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SPY-USDT | 775.54 | 0 | get 0.0000% / 8h | 5h 02m | $2K | $1.4M | 10x |
| Short | Arcus SPY-USD | 773.68 | 0.0040 | get 0.0005% / 1h | 2m 58s | $931K | $1.4M | 50x |
SunX SPY-USDT
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against SunX. 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
- $8.46
- Price spread: −0.240% → −0.226%
- −$1.4
- Slippage, 4 orders
- −$233.52
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$238.96
- Costs to cover
- 2.460%
- Break-even
- 204.8 days
Slippage from SunX: live order book, 12 min ago; Arcus: live order book, 1 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 SunX live order book, 12 min ago | 29.07 bp | 107.7 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 0.52 bp | 6.5 bp −$7 | 10.6 bp −$106 | 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 | 774.43 | −0.143% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0098% | 1h | 773.48 | −0.266% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.82 | −0.222% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.58 | −0.124% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.97 | −0.202% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.56 | −0.126% | $10.9M | $1.9M | 50x | as long as short |
| SunX SPY-USDTlong | 0.0000% | 8h | 775.54 | long leg | $2K | $1.4M | 10x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | −0.104% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0002% | 8h | 774.38 | −0.150% | $7.9M | $3.3M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0004% | 8h | 774.54 | −0.129% | $162K | $375K | 10x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0014% | 8h | 774.42 | −0.144% | $24.0M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0015% | 8h | 774.44 | −0.142% | $28.3M | $79.6M | 50x | as long as short |
| Aster SPYUSDT | +0.0017% | 8h | 774.56 | −0.126% | $865K | $194K | 20x | as long as short |
| Arcus SPY-USDshort | +0.0040% | 1h | 773.68 | −0.240% | $931K | $1.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.309% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0049% | 1h | 773.92 | −0.209% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.55 | −0.257% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.192% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.36 | −0.152% | $8.3M | $21.1M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.68 | −0.111% | $56.4M | $116.0M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.53 | −0.130% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.78 | −0.227% | $2.5M | $979K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | −0.150% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.86 | −0.217% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 774.14 | −0.181% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.43 | −0.142% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0795% | 4h | 774.31 | −0.159% | $640K | $242K | 20x | as long as short |
MEXC SPY_USDT
Binance SPYUSDT
Aster SPYUSDT
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC