Funding you earn now, next payment 06:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%
Price spread now: Vest against Gate−0.072%7-day average −0.073% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.072%, 7d avg −0.073%
=Together, before fees+0.033%+ Points / potential airdropVest: Active · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.073%, 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 | Gate SPY_USDT | 773.66 | 0 | get 0.0000% / 8h | 2h 44m | $775K | $2.4M | 75x |
| Short | Vest SPY-USD-PERP | 773.10 | 0.0046 | get 0.0006% / 1h | 44m 22s | — | $123K | 50x |
Gate SPY_USDT
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Gate. 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
- $9.59
- Price spread: −0.072% → −0.073%
- $0.06
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$7.35
- Costs to cover
- 0.170%
- Break-even
- 12.4 days
Slippage unknown: Gate: live order book, 3 min ago; Vest: no order-book sample. Net counts fees only.
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 Gate live order book, 3 min ago | 0.52 bp | 11.6 bp −$12 | 19.7 bp −$197 | 59.4 bp −$5,941 | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0120% | 8h | 774.19 | +0.069% | $417K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.57 | −0.012% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0027% | 1h | 773.89 | +0.029% | $1.6M | $272K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.07 | +0.053% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.15 | +0.063% | $28.3M | $79.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.06 | +0.052% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.02 | +0.047% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.66 | long leg | $775K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.15 | +0.063% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.24 | +0.075% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.25 | +0.076% | $170K | $362K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.35 | +0.218% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.82 | +0.021% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.12 | +0.059% | $300K | $37K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.33 | +0.086% | $7.0M | $4.9M | 25x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.44 | −0.028% | $928K | $1.4M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0045% | 1h | 773.04 | −0.080% | $4.7M | $831K | 20x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.10 | −0.072% | — | $123K | 50x | |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.90 | +0.031% | $951K | $558K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0061% | 1h | 773.13 | −0.069% | $164K | $25K | 50x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.56 | +0.116% | $56.2M | $116.6M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.56 | −0.013% | $2.5M | $964K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | +0.065% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.60 | −0.008% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0176% | 1h | 774.32 | +0.085% | $8.1M | $19.2M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.15 | +0.064% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0268% | 4h | 774.00 | +0.044% | $640K | $243K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Arcus SPY-USD
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
ApeX Omni SPYUSDT
Lighter RH SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC