Funding you earn now, next payment 02:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.002%
Price spread now: BloFin against Arcus+0.116%95s7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.219% of the position
Funding, last 3 days (all we have)−0.158%−$16 on $10k
+Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.116%, 7d avg +0.085%
=The price spread pays, funding is against you. BloFin is 0.031% dearer against Arcus than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.085%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 hours. The two prices were read 95 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 | Arcus SPY-USD | 773.53 | 0.0040 | pay 0.0005% / 1h | 57m 46s | $935K | $1.4M | 50x |
| Short | BloFin SPY-USDT | 774.43 | −0.0095 | pay 0.0095% / 8h | 6h 57m | $415K | $571K | 50x |
Arcus SPY-USD
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Arcus. 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
- −$28.39
- Price spread: +0.116% → +0.085%
- $3.12
- Slippage, 4 orders
- −$5.43
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$47.19
- Costs to cover
- 0.219%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 1 min ago; BloFin: live order book, 8 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 Arcus live order book, 1 min ago | 0.06 bp | 4.9 bp −$5 | 5.7 bp −$57 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 0.06 bp | 6.1 bp −$6 | 6.5 bp −$65 | 8.5 bp −$855 | 16.1 bp −$8,058 |
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-USDTshort | −0.0095% | 8h | 774.43 | +0.116% | $415K | $571K | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.50 | +0.125% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.93 | +0.052% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.58 | +0.136% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.55 | +0.261% | $1K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.09 | +0.072% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | +0.155% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0014% | 8h | 774.37 | +0.109% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0018% | 8h | 774.56 | +0.133% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0025% | 8h | 774.38 | +0.110% | $19.0M | $11.5M | 100x | as long as short |
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0025% | 8h | 774.38 | +0.110% | $28.5M | $81.5M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.28 | +0.097% | $8.3M | $21.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.64 | +0.143% | $57.6M | $111.4M | 50x | as long as short |
| Arcus SPY-USDlong | +0.0040% | 1h | 773.53 | long leg | $935K | $1.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.20 | −0.043% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.39 | −0.018% | $4.8M | $846K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0059% | 8h | 774.53 | +0.130% | $160K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.85 | +0.041% | $161K | $295K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | +0.079% | $955K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.80 | +0.035% | $2.5M | $952K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.89 | +0.047% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.45 | +0.119% | $1K | — | 20x | as long as short |
| Nado SPY-PERP | +0.0102% | 1h | 774.01 | +0.062% | $1.5M | $285K | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.80 | +0.035% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.55 | +0.132% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.40 | +0.113% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0259% | 4h | 774.34 | +0.105% | $640K | $242K | 20x | as long as short |
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Nado SPY-PERP
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC