Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.5% APRnext payment −$0.13 per $10,000 · paid last 24h −0.043%
Price spread now: SunX against Binance+0.144%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs−$247as in the Price arb table
costs, in and out, $10k−$2462.463% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 2 days (all we have)0.000%$0 · spread now +0.144%, 7d avg +0.150%
=The price spread sits at its 7-day average of +0.150%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.160%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPYUSDT | 774.77 | 0.0013 | pay 0.0013% / 8h | 7h 48m | $28.5M | $81.6M | 50x |
| Short | SunX SPY-USDT | 775.88 | 0 | get 0.0000% / 8h | 7h 48m | $2K | $1.5M | 10x |
Binance SPYUSDT
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$2.82
- Price spread: +0.144% → +0.150%
- −$0.65
- Slippage, 4 orders
- −$228.27
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$249.73
- Costs to cover
- 2.463%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; SunX: live order book, 7 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, 10 min ago | 0.06 bp | 5.1 bp −$5 | 5.9 bp −$59 | 10.2 bp −$1,023 | 30.0 bp −$15.0K |
| Sell SunX live order book, 7 min ago | 29.07 bp | 128.7 bp −$129 | doesn't fit | doesn't fit | 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 | −0.0107% | 8h | 774.71 | −0.007% | $412K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.73 | −0.134% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.68 | −0.012% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.92 | +0.020% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.85 | +0.011% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.37 | −0.051% | $763K | $2.3M | 75x | as long as short |
| SunX SPY-USDTshort | 0.0000% | 8h | 775.88 | +0.144% | $2K | $1.5M | 10x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.42 | −0.045% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0013% | 8h | 774.80 | +0.004% | $28.7M | $11.5M | 100x | as long as short |
| Binance SPYUSDTlong | +0.0013% | 8h | 774.77 | long leg | $28.5M | $81.6M | 50x |
BloFin SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
HTX SPY-USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.47 | −0.038% | $8.2M | $21.4M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.99 | +0.029% | $57.3M | $112.7M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.54 | −0.158% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.68 | −0.140% | $4.8M | $847K | 20x | as long as short |
| Bitget SPYUSDT | +0.0051% | 8h | 774.90 | +0.017% | $11.0M | $2.4M | 50x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.96 | −0.104% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.099% | $954K | $559K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0074% | 8h | 774.69 | −0.010% | $157K | $400K | 10x | as long as short |
| Nado SPY-PERP | +0.0086% | 1h | 774.36 | −0.053% | $1.5M | $290K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.19 | −0.075% | $2.5M | $951K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.98 | −0.102% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.76 | −0.001% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.15 | −0.080% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0125% | 1h | 774.55 | −0.028% | $23K | $59K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.79 | +0.004% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0232% | 4h | 774.53 | −0.031% | $640K | $241K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.91 | +0.019% | $6.9M | $5.2M | 25x | as long as short |
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Bitget SPYUSDT
Phoenix SPY
Coinbase International SPY-PERP-INTX
GRVT SPY_USDT_Perp
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC
RISEx SPY/USDC