Funding you earn now, next payment 07:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.004%
Price spread now: Bitget against ApeX Omni+0.136%73s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.324% of the position
Funding, last 7 days−0.165%−$16 on $10k
+Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.136%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.092% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.044%. Mind the row above: over the last 7 days funding on this pair cost −0.165%, so the current rate has only just turned in your favour. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.165% in total (about -8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.48 | −0.0240 | get 0.0030% / 1h | 16m 11s | $164K | $25K | 50x |
| Short | Bitget SPYUSDT | 774.53 | 0 | get 0.0000% / 8h | 1h 16m | $10.9M | $1.8M | 50x |
ApeX Omni SPYUSDT
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $50.35
- Price spread: +0.136% → +0.044%
- $9.22
- Slippage, 4 orders
- −$10.43
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $27.14
- Costs to cover
- 0.324%
- Break-even
- 3.2 days
Slippage from ApeX Omni: live order book, 25 min ago; Bitget: 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, 25 min ago | 2.52 bp | 7.7 bp −$8 | 53.4 bp −$534 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.06 bp | 6.7 bp −$7 | 8.9 bp −$89 | 16.9 bp −$1,685 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDTlong | −0.0240% | 1h | 773.48 | long leg | $164K | $25K | 50x | |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | +0.079% | $418K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 774.01 | +0.069% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0028% | 1h | 773.40 | −0.010% | $4.8M | $870K | 20x | as long as short |
| Nado SPY-PERP | −0.0021% | 1h | 774.30 | +0.106% | $1.6M | $252K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.34 | +0.111% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.41 | +0.121% | $28.7M | $78.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.34 | +0.111% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.40 | +0.119% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.92 | +0.057% | $770K | $2.5M | 75x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Ondo Perps SPY-USD.P
Nado SPY-PERP
Aster SPYUSDT
Binance 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 | 774.42 | +0.122% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDTshort | 0.0000% | 8h | 774.53 | +0.136% | $10.9M | $1.8M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | +0.123% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.52 | +0.264% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.11 | +0.081% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.68 | +0.155% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.52 | +0.134% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.72 | +0.160% | $56.5M | $120.1M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | +0.057% | $950K | $532K | 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 | 774.61 | +0.147% | $7.1M | $4.1M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.44 | −0.005% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.54 | +0.008% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.30 | +0.106% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.84 | +0.047% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.42 | +0.122% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0817% | 4h | 774.23 | +0.097% | $640K | $242K | 20x | as long as short |
MEXC SPY_USDT
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