Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.018%
Price spread now: Arcus against Bitget−0.133%7-day average −0.118% · 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−$25as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 4 days (all we have)+0.053%+$5 on $10k
+Price spread, last 7 days0.000%$0 · spread now −0.133%, 7d avg −0.118%
=The price spread sits at its 7-day average of −0.118%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 774.49 | 0 | get 0.0000% / 8h | 1h 54m | $10.9M | $1.8M | 50x |
| Short | Arcus SPY-USD | 773.46 | 0.0040 | get 0.0005% / 1h | 54m 27s | $927K | $1.4M | 50x |
Bitget SPYUSDT
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- $8.46
- Price spread: −0.133% → −0.118%
- −$1.47
- Slippage, 4 orders
- −$7.42
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$16.94
- Costs to cover
- 0.239%
- Break-even
- 21.0 days
Slippage from Bitget: live order book, 4 min ago; Arcus: 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 Bitget live order book, 4 min ago | 0.06 bp | 6.9 bp −$7 | 10.1 bp −$101 | 13.5 bp −$1,355 | 18.8 bp −$9,380 |
| Sell Arcus live order book, 4 min ago | 0.06 bp | 7.7 bp −$8 | 11.6 bp −$116 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0378% | 1h | 773.48 | −0.130% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.052% | $418K | $473K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.84 | −0.084% | $161K | $294K | 20x | as long as short |
| Nado SPY-PERP | −0.0030% | 1h | 774.04 | −0.059% | $1.6M | $251K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0016% | 1h | 773.27 | −0.158% | $4.7M | $832K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.00 | −0.063% | $863K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.16 | −0.042% | $28.6M | $78.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.25 | −0.031% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.19 | −0.039% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.81 | −0.088% | $770K | $2.4M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Ondo Perps SPY-USD.P
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.18 | −0.040% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 774.49 | long leg | $10.9M | $1.8M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.42 | −0.009% | $169K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.38 | +0.115% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.05 | −0.057% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.68 | +0.025% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.59 | +0.013% | $56.2M | $117.1M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.77 | −0.093% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0040% | 1h | 774.36 | −0.017% | $8.1M | $18.5M | 50x | as long as short |
| Arcus SPY-USDshort | +0.0040% | 1h | 773.46 | −0.133% | $927K | $1.4M | 50x | |
| RISEx SPY/USDC | +0.0043% | 1h | 774.40 | −0.012% | $7.0M | $4.2M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.165% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.61 | −0.114% | $2.5M | $984K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.19 | −0.039% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.66 | −0.108% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.20 | −0.038% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0832% | 4h | 774.39 | −0.013% | $640K | $241K | 20x | as long as short |
MEXC SPY_USDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Lighter SPY
RISEx SPY/USDC
Vest SPY-USD-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC