Funding you earn now, next payment 02:00 UTC+0.0124%/8h= +13.5% APRpaid last 24h +0.031%
Price spread now: Nado against SunX−0.196%7-day average −0.180% · 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−$250as in the Price arb table
costs, in and out, $10k−$2492.488% of the position
Funding, last 3 days (all we have)−0.004%$0 on $10k
+Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.196%, 7d avg −0.180%
=Together, before fees+0.017%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.180%, so right now this pair is about funding alone: +$4 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 | 775.31 | 0 | get 0.0000% / 8h | 6h 35m | $2K | $1.5M | 10x |
| Short | Nado SPY-PERP | 773.79 | 0.0124 | get 0.0015% / 1h | 35m 11s | $1.5M | $288K | 20x |
SunX SPY-USDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $25.95
- Price spread: −0.196% → −0.180%
- −$1.61
- Slippage, 4 orders
- −$233.82
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$224.47
- Costs to cover
- 2.488%
- Break-even
- 67.5 days
Slippage from SunX: live order book, 10 min ago; Nado: live order book, 3 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, 10 min ago | 29.08 bp | 107.5 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.13 bp | 6.9 bp −$7 | 22.4 bp −$224 | 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 | −0.0096% | 8h | 774.30 | −0.130% | $417K | $545K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.02 | −0.166% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.74 | −0.202% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.37 | −0.121% | $10.9M | $2.2M | 50x | as long as short |
| SunX SPY-USDTlong | 0.0000% | 8h | 775.31 | long leg | $2K | $1.5M | 10x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.25 | −0.137% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0010% | 8h | 774.04 | −0.164% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0015% | 8h | 774.26 | −0.136% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0023% | 8h | 774.18 | −0.146% | $19.7M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0023% | 8h | 774.15 | −0.150% | $28.4M | $80.4M | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0028% | 8h | 774.36 | −0.123% | $162K | $391K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.10 | −0.156% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.36 | −0.252% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.58 | −0.223% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.02 | −0.295% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.56 | −0.097% | $57.2M | $112.8M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.39 | −0.248% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | −0.151% | $955K | $555K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.60 | −0.221% | $2.5M | $937K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.68 | −0.210% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.10 | −0.156% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.61 | −0.219% | $87K | — | 10x | as long as short |
| Nado SPY-PERPshort | +0.0124% | 1h | 773.79 | −0.196% | $1.5M | $288K | 20x | |
| RISEx SPY/USDC | +0.0190% | 1h | 774.31 | −0.129% | $7.0M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.18 | −0.145% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0241% | 1h | 774.08 | −0.159% | $23K | $55K | 20x | as long as short |
| edgeX SPYUSDC | +0.0302% | 4h | 774.06 | −0.161% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
Lighter SPY
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Lighter RH SPY
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC