Funding you earn now, next payment 02:00 UTC+0.0098%/8h= +10.8% APRnext payment +$0.12 per $10,000 · paid last 24h +0.033%
Price spread now: Deribit against Aevo+0.051%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.051% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo SPY-PERP | 773.60 | 0.0104 | pay 0.0013% / 1h | 39m 48s | $87K | — | 10x |
| Short | Deribit SPY_USDC-PERPETUAL | 773.99 | 0.0202 | get 0.0025% / 1h | 39m 48s | $23K | $55K | 20x |
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aevo. 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
- $20.67
- Price spread: +0.051% → 0.000%
- $5.09
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $2.75
- Costs to cover
- 0.230%
- Break-even
- 6.1 days
Slippage unknown: Aevo: no order-book sample; Deribit: no order-book sample. 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Aevo and Deribit: 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 | −0.0096% | 8h | 774.30 | +0.091% | $417K | $545K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.02 | +0.055% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.65 | +0.007% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.33 | +0.095% | $10.9M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.32 | +0.223% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.46 | +0.112% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0013% | 8h | 774.08 | +0.062% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0016% | 8h | 774.22 | +0.081% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0023% | 8h | 774.14 | +0.070% | $19.7M | $11.7M | 100x | as long as short |
| Binance SPYUSDT | +0.0024% | 8h | 774.16 | +0.073% | $28.4M | $80.5M | 50x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
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 | 774.37 | +0.100% | $162K | $391K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.07 | +0.061% | $8.3M | $21.4M | 50x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.46 | +0.112% | $57.3M | $112.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.39 | −0.027% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.57 | −0.003% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.98 | −0.080% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.40 | −0.025% | $4.8M | $842K | 20x | as long as short |
| edgeX SPYUSDC | +0.0086% | 4h | 774.14 | +0.070% | $640K | $240K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | +0.070% | $955K | $555K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.70 | +0.013% | $2.5M | $941K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.79 | +0.025% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.19 | +0.077% | $1K | — | 20x | as long as short |
| Aevo SPY-PERPlong | +0.0104% | 1h | 773.60 | long leg | $87K | — | 10x | |
| Nado SPY-PERP | +0.0113% | 1h | 773.75 | +0.020% | $1.5M | $285K | 20x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.33 | +0.095% | $7.0M | $5.2M | 25x | as long as short |
| Deribit SPY_USDC-PERPETUALshort | +0.0202% | 1h | 773.99 | +0.051% | $23K | $55K | 20x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.17 | +0.075% | $10K | — | 26x | as long as short |
GRVT SPY_USDT_Perp
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
edgeX SPYUSDC
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Nado SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]