Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.10 per $10,000 · paid last 24h −0.014%
Price spread now: Vest against ApeX Omni+0.010%62s7-day average −0.074% · 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)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.010%, 7d avg −0.074%
=Together, before fees−0.099%+ Points / potential airdropVest: Active · farm board−$10 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 Vest is 0.084% 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 −0.074%. Mind the row above: over the last 3 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 772.98 | −0.0032 | get 0.0004% / 1h | 8m 20s | $162K | $24K | 50x |
| Short | Vest SPY-USD-PERP | 773.06 | 0.0046 | get 0.0006% / 1h | 8m 20s | — | $123K | 50x |
ApeX Omni SPYUSDT
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $16.3
- Price spread: +0.010% → −0.074%
- $8.42
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $12.72
- Costs to cover
- 0.120%
- Break-even
- 1.5 days
Slippage unknown: ApeX Omni: live order book, 48 min ago; Vest: 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 ApeX Omni live order book, 48 min ago | 4.01 bp | 9.1 bp −$9 | 51.9 bp −$519 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
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 | −0.0119% | 8h | 774.22 | +0.160% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDTlong | −0.0032% | 1h | 772.98 | long leg | $162K | $24K | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | +0.166% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.21 | +0.159% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.71 | +0.094% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.23 | +0.162% | $26.8M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.40 | +0.184% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.37 | +0.180% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.62 | +0.083% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.25 | +0.294% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.84 | +0.111% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.198% | $308K | $20K | 50x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.23 | +0.162% | $28.2M | $79.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.59 | +0.079% | $935K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | +0.0045% | 8h | 774.28 | +0.168% | $865K | $196K | 20x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.06 | +0.010% | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.43 | +0.058% | $4.8M | $828K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.52 | +0.199% | $56.5M | $115.7M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | +0.138% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0075% | 1h | 773.91 | +0.120% | $1.5M | $280K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.19 | +0.157% | $8.2M | $19.7M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.90 | +0.119% | $2.5M | $974K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.26 | +0.166% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.64 | +0.086% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.34 | +0.176% | $7.0M | $5.0M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.24 | +0.162% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0333% | 4h | 774.09 | +0.144% | $640K | $241K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Binance SPYUSDT
Arcus SPY-USD
Aster SPYUSDT
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC