Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h −0.007%
Price spread now: SunX against BloFin+0.128%55s7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2482.484% of the position
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.128%, 7d avg +0.140%
=The price spread sits at its 7-day average of +0.140%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SPY-USDT | 774.25 | −0.0120 | get 0.0120% / 8h | 3h 40m | $416K | $468K | 50x |
| Short | SunX SPY-USDT | 775.24 | 0 | get 0.0000% / 8h | 3h 40m | $2K | $1.4M | 10x |
BloFin SPY-USDT
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $25.2
- Price spread: +0.128% → +0.140%
- −$1.16
- Slippage, 4 orders
- −$228.35
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$224.32
- Costs to cover
- 2.484%
- Break-even
- 69.3 days
Slippage from BloFin: live order book, 56 min ago; SunX: 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 BloFin live order book, 56 min ago | 0.06 bp | 6.1 bp −$6 | 6.4 bp −$64 | 9.0 bp −$897 | 15.2 bp −$7,599 |
| Sell SunX live order book, 4 min ago | 29.08 bp | 128.8 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-USDTlong | −0.0120% | 8h | 774.25 | long leg | $416K | $468K | 50x | |
| Phoenix SPY | −0.0010% | 1h | 773.71 | −0.070% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.17 | −0.010% | $28.1M | $79.3M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.20 | −0.006% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.10 | −0.019% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.66 | −0.076% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.17 | −0.010% | $29.0M | $12.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.32 | +0.009% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.34 | +0.012% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDTshort | 0.0000% | 8h | 775.24 | +0.128% | $2K | $1.4M | 10x |
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.29 | +0.005% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0021% | 8h | 774.16 | −0.012% | $864K | $194K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0028% | 1h | 773.48 | −0.099% | $163K | $24K | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.50 | −0.097% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.05 | −0.155% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.49 | +0.031% | $56.4M | $116.5M | 50x | as long as short |
| Nado SPY-PERP | +0.0048% | 1h | 773.88 | −0.048% | $1.5M | $285K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.08 | −0.151% | $4.8M | $836K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.026% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 774.26 | +0.001% | $8.2M | $19.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.46 | −0.102% | $2.5M | $972K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.13 | −0.015% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.33 | +0.010% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.61 | −0.083% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0164% | 1h | 774.06 | −0.025% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.17 | −0.010% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0987% | 4h | 774.16 | −0.012% | $640K | $241K | 20x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
ApeX Omni SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Lighter RH SPY
Nado SPY-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