Funding you earn now, next payment 04:00 UTC+0.0173%/8h= +19.0% APRpaid last 24h +0.065%
Price spread now: RISEx against Bybit+0.009%45s7-day average +0.003% · 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—prices read too far apart to compare
costs, in and out, $10k−$220.217% of the position
Funding, last 4 days (all we have)+0.108%+$11 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now +0.009%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 45 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 | Bybit SPYUSDT | 774.26 | 0 | get 0.0000% / 8h | 4h 10m | $6.3M | $2.0M | 100x |
| Short | RISEx SPY/USDC | 774.33 | 0.0173 | get 0.0022% / 1h | 10m 58s | $7.0M | $5.0M | 25x |
Bybit SPYUSDT
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Bybit. 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
- $36.34
- Price spread: +0.009% → +0.003%
- $0.57
- Slippage, 4 orders
- −$4.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $15.19
- Costs to cover
- 0.217%
- Break-even
- 4.1 days
Slippage from Bybit: live order book, 2 min ago; RISEx: live order book, 3 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 Bybit live order book, 2 min ago | 0.06 bp | 7.1 bp −$7 | 9.9 bp −$99 | 29.1 bp −$2,912 | doesn't fit |
| Sell RISEx live order book, 3 min ago | 0.06 bp | 3.9 bp −$4 | 4.7 bp −$47 | 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 | −0.0118% | 8h | 774.23 | −0.004% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0039% | 1h | 773.20 | −0.137% | $162K | $24K | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 774.26 | long leg | $6.3M | $2.0M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.21 | −0.006% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.72 | −0.070% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.40 | +0.018% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.36 | +0.013% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.62 | −0.083% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.25 | +0.128% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.84 | −0.054% | $23K | $56K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.032% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0001% | 8h | 774.23 | −0.004% | $26.5M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0002% | 8h | 774.24 | −0.003% | $28.2M | $79.9M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.60 | −0.085% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.04 | −0.158% | — | $123K | 50x | as long as short |
| Aster SPYUSDT | +0.0048% | 8h | 774.27 | +0.002% | $865K | $196K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.58 | −0.088% | $4.8M | $829K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.53 | +0.035% | $56.5M | $115.5M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.027% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERP | +0.0074% | 1h | 773.85 | −0.053% | $1.5M | $280K | 20x | as long as short |
| Lighter SPY | +0.0088% | 1h | 774.23 | −0.004% | $8.3M | $19.7M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.85 | −0.053% | $2.5M | $976K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.26 | 0.000% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.67 | −0.076% | $87K | — | 10x | as long as short |
| RISEx SPY/USDCshort | +0.0173% | 1h | 774.33 | +0.009% | $7.0M | $5.0M | 25x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.24 | −0.003% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0684% | 4h | 774.17 | −0.011% | $640K | $243K | 20x | as long as short |
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Aster SPYUSDT
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC