Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bybit+0.107%56s7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$250as 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−$2502.496% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.086%+$9 · spread now +0.107%, 7d avg +0.168%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.061% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.168%. The two prices were read 56 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 | 775.23 | 0 | get 0.0000% / 8h | 4h 21m | $6.2M | $2.2M | 100x |
| Short | SunX SPY-USDT | 776.06 | 0 | get 0.0000% / 8h | 4h 21m | $2K | $1.6M | 10x |
Bybit SPYUSDT
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $0
- Price spread: +0.107% → +0.168%
- −$6.08
- Slippage, 4 orders
- −$230.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$255.73
- Costs to cover
- 2.496%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; SunX: live order book, 8 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, 1 min ago | 0.26 bp | 6.7 bp −$7 | 9.3 bp −$93 | 18.0 bp −$1,796 | doesn't fit |
| Sell SunX live order book, 8 min ago | 29.07 bp | 128.6 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0300% | 1h | 774.32 | −0.117% | $161K | $295K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.89 | −0.044% | $422K | $719K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 775.22 | −0.001% | $865K | $267K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 775.23 | 0.000% | $28.9M | $85.7M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 775.23 | long leg | $6.2M | $2.2M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 775.12 | −0.014% | $8.0M | $3.5M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 775.16 | −0.009% | $6.9M | $5.7M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.67 | −0.072% | $740K | $2.1M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 775.16 | −0.009% | $23.0M | $12.3M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.95 | −0.036% | $158K | $509K | 10x | as long as short |
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
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-USDTshort | 0.0000% | 8h | 776.06 | +0.107% | $2K | $1.6M | 10x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.99 | −0.031% | $308K | $20K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 775.16 | −0.009% | $8.8M | $21.9M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 775.46 | +0.030% | $56.9M | $126.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 774.48 | −0.097% | $952K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 774.13 | −0.142% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 774.16 | −0.138% | $4.8M | $937K | 20x | as long as short |
| Bitget SPYUSDT | +0.0057% | 8h | 775.24 | +0.001% | $10.8M | $3.1M | 50x | as long as short |
| Nado SPY-PERP | +0.0064% | 1h | 774.70 | −0.069% | $1.5M | $318K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0080% | 1h | 774.50 | −0.094% | $935K | $629K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.59 | −0.083% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.58 | −0.084% | $154K | $32K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 775.24 | +0.001% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.59 | −0.083% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0124% | 1h | 775.01 | −0.028% | $22K | $74K | 20x | as long as short |
| edgeX SPYUSDC | +0.0326% | 4h | 774.94 | −0.038% | $640K | $240K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0326% / S −0.1264% | 1h | 775.24 | +0.001% | $25K | — | 53x | as long as short |
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Bitget SPYUSDT
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]