Funding you earn now, next payment 10:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h +0.006%
Price spread now: Vest against Arcus−0.008%7-day average −0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.008%, 7d avg −0.022%
=Together, before fees−0.053%+ Points / potential airdropVest: Active · farm board−$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SPY-USD | 772.98 | 0.0040 | pay 0.0005% / 1h | 15m 20s | $975K | $1.4M | 50x |
| Short | Vest SPY-USD-PERP | 772.92 | 0.0046 | get 0.0006% / 1h | 15m 20s | — | $85K | 50x |
Arcus SPY-USD
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $1.13
- Price spread: −0.008% → −0.022%
- $1.41
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$3.96
- Costs to cover
- 0.065%
- Break-even
- 31.4 days
Slippage unknown: Arcus: live order book, 2 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 Arcus live order book, 2 min ago | 0.06 bp | 3.5 bp −$4 | 3.8 bp −$38 | 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 exchanges
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 | −0.0120% | 8h | 773.81 | +0.107% | $416K | $413K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.64 | +0.086% | $861K | $200K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.99 | +0.131% | $28.5M | $75.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.80 | +0.106% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.97 | +0.128% | $7.8M | $3.0M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.57 | +0.076% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.98 | +0.129% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.78 | +0.103% | $11.0M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.80 | +0.106% | $167K | $332K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.08 | +0.272% | $2K | $1.2M | 10x | as long as short |
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.08 | +0.142% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0007% | 1h | 773.66 | +0.088% | $1.5M | $265K | 20x | as long as short |
| Phoenix SPY | +0.0010% | 1h | 773.14 | +0.021% | $158K | $150K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0022% | 1h | 773.68 | +0.091% | $23K | $39K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.79 | +0.105% | $7.8M | $17.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.10 | +0.145% | $56.9M | $117.7M | 50x | as long as short |
| Arcus SPY-USDlong | +0.0040% | 1h | 772.98 | long leg | $975K | $1.4M | 50x | |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 772.92 | −0.008% | — | $85K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.80 | −0.023% | $4.8M | $845K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.37 | +0.050% | $951K | $199K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.32 | +0.044% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.43 | +0.058% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.90 | +0.119% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.33 | +0.045% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 773.86 | +0.114% | $7.1M | $3.4M | 25x | as long as short |
| edgeX SPYUSDC | +0.0135% | 4h | 773.61 | +0.082% | $639K | $243K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.96 | +0.126% | $10K | — | 26x | as long as short |
HTX SPY-USDT
Nado SPY-PERP
Phoenix SPY
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]