Funding you earn now, next payment 04:00 UTC+0.0278%/8h= +30.4% APRpaid last 24h +0.058%
Price spread now: RISEx against BloFin+0.019%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Funding, last 4 days (all we have)+0.189%+$19 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.019%, 7d avg −0.020%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and RISEx is 0.039% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPY-USDT | 774.31 | −0.0105 | get 0.0105% / 8h | 4h 34m | $417K | $468K | 50x |
| Short | RISEx SPY/USDC | 774.46 | 0.0173 | get 0.0022% / 1h | 34m 18s | $7.0M | $5.0M | 25x |
BloFin SPY-USDT
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against BloFin. 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
- $58.38
- Price spread: +0.019% → −0.020%
- $3.91
- Slippage, 4 orders
- −$1.41
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $42.87
- Costs to cover
- 0.194%
- Break-even
- 1.9 days
Slippage from BloFin: live order book, 67 min ago; RISEx: live order book, 5 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 BloFin live order book, 67 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 6.9 bp −$688 | 12.3 bp −$6,152 |
| Sell RISEx live order book, 5 min ago | 0.06 bp | 4.1 bp −$4 | 4.9 bp −$49 | 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-USDTlong | −0.0105% | 8h | 774.31 | long leg | $417K | $468K | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.32 | +0.001% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.33 | +0.003% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.79 | −0.067% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.022% | $10.9M | $1.9M | 50x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.74 | −0.074% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.137% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.03 | −0.036% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.65 | +0.044% | $308K | $20K | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0010% | 1h | 773.19 | −0.145% | $162K | $24K | 50x | as long as short |
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
ApeX Omni SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | +0.0012% | 8h | 774.38 | +0.009% | $163K | $374K | 10x | as long as short |
| Binance SPYUSDT | +0.0015% | 8h | 774.32 | +0.001% | $28.3M | $80.0M | 50x | as long as short |
| MEXC SPY_USDT | +0.0015% | 8h | 774.31 | 0.000% | $25.4M | $11.8M | 100x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.61 | −0.090% | $934K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.151% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.62 | −0.089% | $4.8M | $838K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.034% | $954K | $552K | 20x | as long as short |
| Aster SPYUSDT | +0.0064% | 8h | 774.69 | +0.049% | $865K | $196K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.67 | +0.046% | $56.5M | $113.8M | 50x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.35 | +0.005% | $8.3M | $19.5M | 50x | as long as short |
| Nado SPY-PERP | +0.0084% | 1h | 773.96 | −0.045% | $1.5M | $280K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.70 | −0.079% | $2.5M | $976K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.36 | +0.006% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.71 | −0.077% | $87K | — | 10x | as long as short |
| RISEx SPY/USDCshort | +0.0173% | 1h | 774.46 | +0.019% | $7.0M | $5.0M | 25x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.32 | +0.001% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0780% | 4h | 774.18 | −0.017% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
Binance SPYUSDT
MEXC SPY_USDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Aster SPYUSDT
Lighter RH SPY
Lighter SPY
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC