Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.029%
Price spread now: Coinbase International against SunX−0.169%7-day average −0.214% · you buy dearer than you sell
Net, funding: paid 7d − costs−$247as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2472.475% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.169%, 7d avg −0.214%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.045% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.214%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SPY-USDT | 775.36 | 0 | get 0.0000% / 8h | 3h 43m | $2K | $1.4M | 10x |
| Short | Coinbase International SPY-PERP-INTX | 774.05 | 0.0056 | get 0.0007% / 1h | 43m 54s | $954K | $552K | 20x |
SunX SPY-USDT
Coinbase International SPY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $11.76
- Price spread: −0.169% → −0.214%
- $4.51
- Slippage, 4 orders
- −$229.46
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$231.19
- Costs to cover
- 2.475%
- Break-even
- 144.6 days
Slippage from SunX: live order book, 11 min ago; Coinbase International: live order book, 9 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, 11 min ago | 29.08 bp | 107.4 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 9 min ago | 0.06 bp | 6.0 bp −$6 | 7.1 bp −$71 | 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 | −0.0120% | 8h | 774.11 | −0.161% | $416K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.90 | −0.188% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.30 | −0.137% | $28.1M | $79.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.29 | −0.138% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.12 | −0.160% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.76 | −0.206% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.29 | −0.138% | $29.0M | $12.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.37 | −0.128% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.32 | −0.135% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDTlong | 0.0000% | 8h | 775.36 | long leg | $2K | $1.4M | 10x |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.47 | −0.115% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0024% | 8h | 774.27 | −0.141% | $864K | $194K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0034% | 1h | 774.04 | −0.170% | $23K | $56K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.52 | −0.237% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.16 | −0.284% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.41 | −0.251% | $4.8M | $827K | 20x | as long as short |
| Nado SPY-PERP | +0.0055% | 1h | 773.96 | −0.181% | $1.5M | $285K | 20x | as long as short |
| Lighter RH SPY | +0.0056% | 1h | 774.55 | −0.104% | $56.4M | $115.5M | 50x | as long as short |
| Coinbase International SPY-PERP-INTXshort | +0.0056% | 1h | 774.05 | −0.169% | $954K | $552K | 20x | |
| ApeX Omni SPYUSDT | +0.0066% | 1h | 773.15 | −0.285% | $162K | $24K | 50x | as long as short |
| Lighter SPY | +0.0096% | 1h | 774.31 | −0.135% | $8.2M | $19.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.47 | −0.244% | $2.5M | $973K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.19 | −0.151% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.41 | −0.122% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.70 | −0.215% | $87K | — | 10x | as long as short |
| edgeX SPYUSDC | +0.0196% | 4h | 774.14 | −0.157% | $640K | $243K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.29 | −0.137% | $10K | — | 26x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-PERP
Lighter RH SPY
ApeX Omni SPYUSDT
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]