Funding you earn now, next payment 05:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.020%
Price spread now: Nado against Binance−0.024%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 3 days (all we have)−0.044%−$4 on $10k
+Price spread, last 7 days+0.034%+$3 · spread now −0.024%, 7d avg −0.026%
=Together, before fees−0.010%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPYUSDT | 774.27 | 0 | get 0.0000% / 8h | 3h 14m | $28.4M | $79.5M | 50x |
| Short | Nado SPY-PERP | 774.08 | 0.0013 | get 0.0002% / 1h | 14m 59s | $1.6M | $276K | 20x |
Binance SPYUSDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Binance. 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
- $2.78
- Price spread: −0.024% → −0.026%
- $0.11
- Slippage, 4 orders
- −$5.7
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$19.81
- Costs to cover
- 0.227%
- Break-even
- 56.9 days
Slippage from Binance: live order book, 13 min ago; Nado: live order book, 4 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 Binance live order book, 13 min ago | 0.06 bp | 5.1 bp −$5 | 5.8 bp −$58 | 10.3 bp −$1,031 | 28.7 bp −$14.4K |
| Sell Nado live order book, 4 min ago | 0.13 bp | 6.4 bp −$6 | 14.9 bp −$149 | 55.0 bp −$5,503 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0120% | 8h | 774.30 | +0.003% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0027% | 1h | 773.26 | −0.131% | $163K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.72 | −0.072% | $161K | $295K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.08 | −0.025% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDTlong | 0.0000% | 8h | 774.27 | long leg | $28.4M | $79.5M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | −0.002% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.24 | −0.004% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.92 | −0.046% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.28 | +0.001% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.42 | +0.019% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.31 | +0.005% | $158K | $359K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.42 | +0.148% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.46 | +0.024% | $308K | $20K | 50x | as long as short |
| Nado SPY-PERPshort | +0.0013% | 1h | 774.08 | −0.024% | $1.6M | $276K | 20x | |
| Lighter RH SPY | +0.0040% | 1h | 774.74 | +0.060% | $56.5M | $118.0M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.49 | −0.101% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | −0.130% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.12 | −0.149% | $4.7M | $835K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | −0.069% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.38 | +0.014% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.49 | −0.101% | $2.5M | $976K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | −0.015% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.50 | +0.029% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | −0.071% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0176% | 1h | 774.30 | +0.003% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.30 | +0.004% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0458% | 4h | 774.15 | −0.016% | $640K | $243K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC