Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.010%
Price spread now: ApeX Omni against Bitget−0.114%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$510.510% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.114%, 7d avg −0.045%
=Funding pays, the price is against you. ApeX Omni is 0.069% cheaper against Bitget than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of −0.045%). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 772.95 | 0 | get 0.0000% / 8h | 7h 21m | $11.0M | $1.5M | 50x |
| Short | ApeX Omni SPYUSDT | 772.07 | 0.0100 | get 0.0013% / 1h | 21m 04s | $164K | $25K | 50x |
Bitget SPYUSDT
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bitget. 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
- $21
- Price spread: −0.114% → −0.045%
- −$6.9
- Slippage, 4 orders
- −$29.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$36.92
- Costs to cover
- 0.510%
- Break-even
- 19.3 days
Slippage from Bitget: live order book, 7 min ago; ApeX Omni: live order book, 10 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 Bitget live order book, 7 min ago | 0.06 bp | 7.3 bp −$7 | 10.9 bp −$109 | 18.6 bp −$1,855 | 27.4 bp −$13.7K |
| Sell ApeX Omni live order book, 10 min ago | 2.14 bp | 24.5 bp −$25 | 99.2 bp −$992 | 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 | −0.0120% | 8h | 772.70 | −0.032% | $418K | $408K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.16 | −0.102% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.42 | −0.069% | $860K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.75 | −0.026% | $28.5M | $75.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.55 | −0.052% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.62 | −0.043% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.40 | −0.071% | $791K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.73 | −0.028% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 772.95 | long leg | $11.0M | $1.5M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 772.47 | −0.062% | $159K | $330K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 773.80 | +0.110% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.68 | −0.035% | $299K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.03 | +0.010% | $56.8M | $119.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 771.77 | −0.153% | $924K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.66 | −0.167% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0048% | 1h | 772.61 | −0.044% | $23K | $55K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.54 | −0.182% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.19 | −0.098% | $951K | $508K | 20x | as long as short |
| edgeX SPYUSDC | +0.0064% | 4h | 772.26 | −0.089% | $638K | $242K | 20x | as long as short |
| Nado SPY-PERP | +0.0077% | 1h | 772.34 | −0.079% | $1.5M | $255K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 772.68 | −0.035% | $7.9M | $17.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.04 | −0.118% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDTshort | +0.0100% | 1h | 772.07 | −0.114% | $164K | $25K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.58 | −0.048% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.04 | −0.118% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.75 | −0.025% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.68 | −0.036% | $7.1M | $3.5M | 25x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
edgeX SPYUSDC
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC