Funding you earn now, next payment 09:00 UTC+0.0211%/8h= +23.2% APRpaid last 24h +0.045%
Price spread now: RISEx against SunX−0.148%7-day average −0.157% · 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−$242as in the Price arb table
costs, in and out, $10k−$2432.431% of the position
Funding, last 4 days (all we have)+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.148%, 7d avg −0.157%
=The price spread sits at its 7-day average of −0.157%, so right now this pair is about funding alone: +$6 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 | 773.97 | 0 | get 0.0000% / 8h | 7h 19m | $2K | $1.3M | 10x |
| Short | RISEx SPY/USDC | 772.82 | 0.0211 | get 0.0026% / 1h | 19m 47s | $7.1M | $3.5M | 25x |
SunX SPY-USDT
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $44.4
- Price spread: −0.148% → −0.157%
- $0.92
- Slippage, 4 orders
- −$229.1
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$197.78
- Costs to cover
- 2.431%
- Break-even
- 38.2 days
Slippage from SunX: live order book, 4 min ago; RISEx: 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 SunX live order book, 4 min ago | 29.09 bp | 107.5 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 4 min ago | 0.45 bp | 3.5 bp −$3 | 3.9 bp −$39 | 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 | 772.70 | −0.164% | $418K | $408K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.16 | −0.234% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.63 | −0.174% | $861K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.09 | −0.114% | $28.5M | $75.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.03 | −0.121% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.07 | −0.116% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.72 | −0.162% | $791K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.03 | −0.121% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.29 | −0.088% | $11.0M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 772.47 | −0.194% | $159K | $330K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDTlong | 0.0000% | 8h | 773.97 | long leg | $2K | $1.3M | 10x | |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 772.70 | −0.164% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.68 | −0.167% | $299K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.31 | −0.085% | $56.8M | $119.9M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 771.83 | −0.276% | $924K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.83 | −0.276% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.82 | −0.278% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.19 | −0.230% | $951K | $508K | 20x | as long as short |
| edgeX SPYUSDC | +0.0064% | 4h | 772.26 | −0.221% | $638K | $242K | 20x | as long as short |
| Nado SPY-PERP | +0.0072% | 1h | 772.51 | −0.189% | $1.5M | $255K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 773.09 | −0.114% | $7.8M | $17.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.25 | −0.222% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.07 | −0.245% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.73 | −0.160% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.20 | −0.228% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.84 | −0.147% | $10K | — | 26x | as long as short |
| RISEx SPY/USDCshort | +0.0211% | 1h | 772.82 | −0.148% | $7.1M | $3.5M | 25x |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
edgeX SPYUSDC
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]