Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.25 per $10,000 · paid last 24h +0.043%
Price spread now: MEXC against SunX−0.152%7-day average −0.143% · you buy dearer than you sell
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2362.364% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 3 days (all we have)−0.005%$0 · spread now −0.152%, 7d avg −0.143%
=The price spread sits at its 7-day average of −0.143%, 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 | 775.53 | 0 | get 0.0000% / 8h | 6h 57m | $2K | $1.5M | 10x |
| Short | MEXC SPY_USDT | 774.35 | 0.0025 | get 0.0025% / 8h | 6h 57m | $19.0M | $11.5M | 100x |
SunX SPY-USDT
MEXC SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $5.25
- Price spread: −0.152% → −0.143%
- −$0.95
- Slippage, 4 orders
- −$228.37
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$232.07
- Costs to cover
- 2.364%
- Break-even
- 316.4 days
Slippage from SunX: live order book, 7 min ago; MEXC: 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 SunX live order book, 7 min ago | 29.07 bp | 107.5 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 6 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.1 bp −$12 | 1.4 bp −$711 |
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 | 774.43 | −0.142% | $415K | $571K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.48 | −0.135% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.94 | −0.205% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.58 | −0.122% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDTlong | 0.0000% | 8h | 775.53 | long leg | $2K | $1.5M | 10x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | −0.103% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0014% | 8h | 774.37 | −0.150% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0018% | 8h | 774.54 | −0.127% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDTshort | +0.0025% | 8h | 774.35 | −0.152% | $19.0M | $11.5M | 100x | |
| Binance SPYUSDT | +0.0025% | 8h | 774.35 | −0.152% | $28.5M | $81.5M | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.28 | −0.161% | $8.3M | $21.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.64 | −0.115% | $57.6M | $111.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.53 | −0.258% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.308% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.06 | −0.190% | $23K | $55K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.39 | −0.276% | $4.8M | $846K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0059% | 8h | 774.48 | −0.135% | $159K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.83 | −0.219% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | −0.179% | $955K | $555K | 20x | as long as short |
| Nado SPY-PERP | +0.0092% | 1h | 774.00 | −0.197% | $1.5M | $285K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.80 | −0.223% | $2.5M | $952K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.87 | −0.214% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.40 | −0.146% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.78 | −0.226% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.55 | −0.126% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.37 | −0.150% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0267% | 4h | 774.31 | −0.158% | $640K | $242K | 20x | as long as short |
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC