Funding you earn now, next payment 03:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.061%
Price spread now: RISEx against Vest+0.177%7-day average +0.086% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.177%, 7d avg +0.086%
=Together, before fees+0.024%+ Points / potential airdropVest: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and RISEx is 0.090% dearer against Vest than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.086%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPY-USD-PERP | 773.17 | 0.0046 | pay 0.0006% / 1h | 21m 18s | — | $123K | 50x |
| Short | RISEx SPY/USDC | 774.54 | 0.0097 | get 0.0012% / 1h | 21m 18s | $6.9M | $5.0M | 25x |
Vest SPY-USD-PERP
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Vest. 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
- $10.76
- Price spread: +0.177% → +0.086%
- $9.04
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $11.8
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; RISEx: live order book, 3 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell RISEx live order book, 3 min ago | 0.06 bp | 3.1 bp −$3 | 3.3 bp −$33 | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0108% | 8h | 774.37 | +0.155% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0072% | 1h | 773.18 | +0.001% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.75 | +0.075% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.50 | +0.172% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.46 | +0.167% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.91 | +0.096% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.53 | +0.176% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.50 | +0.172% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.50 | +0.301% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.01 | +0.109% | $23K | $55K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.69 | +0.197% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0008% | 8h | 774.43 | +0.163% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0012% | 8h | 774.40 | +0.159% | $23.3M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0013% | 8h | 774.41 | +0.160% | $28.3M | $79.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.59 | +0.054% | $929K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERPlong | +0.0046% | 1h | 773.17 | long leg | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | +0.044% | $4.8M | $842K | 20x | as long as short |
| Nado SPY-PERP | +0.0053% | 1h | 773.97 | +0.104% | $1.5M | $292K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.114% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.34 | +0.151% | $8.3M | $21.0M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.71 | +0.199% | $56.4M | $114.7M | 50x | as long as short |
| RISEx SPY/USDCshort | +0.0097% | 1h | 774.54 | +0.177% | $6.9M | $5.0M | 25x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.78 | +0.079% | $2.5M | $977K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | +0.156% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.82 | +0.084% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.40 | +0.160% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0432% | 4h | 774.22 | +0.135% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Ondo Perps SPY-USD.P
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC