Funding you earn now, next payment 07:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h +0.021%
Price spread now: Binance against ApeX Omni+0.112%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$290.293% of the position
Funding, last 7 days−0.362%−$36 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.112%, 7d avg +0.032%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.080% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.032%. Mind the row above: over the last 7 days funding on this pair cost −0.362%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.48 | −0.0217 | get 0.0027% / 1h | 25m 27s | $164K | $25K | 50x |
| Short | Binance SPYUSDT | 774.35 | 0 | get 0.0000% / 8h | 1h 25m | $28.7M | $78.7M | 50x |
ApeX Omni SPYUSDT
Binance SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against ApeX Omni. 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
- $45.58
- Price spread: +0.112% → +0.032%
- $8.05
- Slippage, 4 orders
- −$9.33
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $24.3
- Costs to cover
- 0.293%
- Break-even
- 3.3 days
Slippage from ApeX Omni: live order book, 15 min ago; Binance: live order book, 2 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 ApeX Omni live order book, 15 min ago | 2.52 bp | 7.7 bp −$8 | 53.4 bp −$534 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.06 bp | 5.1 bp −$5 | 5.2 bp −$52 | 9.7 bp −$966 | 25.7 bp −$12.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDTlong | −0.0217% | 1h | 773.48 | long leg | $164K | $25K | 50x | |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | +0.080% | $419K | $472K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.79 | +0.040% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0027% | 1h | 773.40 | −0.010% | $4.8M | $870K | 20x | as long as short |
| Nado SPY-PERP | −0.0011% | 1h | 774.10 | +0.080% | $1.6M | $254K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.27 | +0.102% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDTshort | 0.0000% | 8h | 774.35 | +0.112% | $28.7M | $78.7M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.10 | +0.080% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.19 | +0.092% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.82 | +0.044% | $770K | $2.5M | 75x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Ondo Perps SPY-USD.P
Nado SPY-PERP
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.35 | +0.112% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.50 | +0.132% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | +0.123% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.45 | +0.255% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.94 | +0.059% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.57 | +0.141% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.42 | +0.122% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.67 | +0.154% | $56.2M | $119.2M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | +0.057% | $950K | $555K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.54 | +0.008% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.62 | +0.147% | $7.1M | $4.2M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.39 | −0.012% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.50 | +0.003% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.24 | +0.098% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.82 | +0.044% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.36 | +0.113% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0616% | 4h | 774.22 | +0.096% | $640K | $241K | 20x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
RISEx SPY/USDC
Vest SPY-USD-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC