Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.021%
Price spread now: RISEx against GMX+0.020%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. RISEx is 0.020% dearer against GMX than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SPY/USD [ETH-USDC] | 774.32 | L +0.0209% / S −0.0429% | pay 0.0026% / 1h | 34m 57s | $10K | — | 26x |
| Short | RISEx SPY/USDC | 774.47 | 0.0173 | get 0.0022% / 1h | 34m 57s | $7.0M | $5.0M | 25x |
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against GMX. 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
- −$7.58
- Price spread: +0.020% → 0.000%
- $2
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$23.58
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; RISEx: live order book, 4 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell RISEx live order book, 4 min ago | 0.06 bp | 4.1 bp −$4 | 4.9 bp −$49 | doesn't fit | doesn't fit |
GMX: 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 | −0.0105% | 8h | 774.31 | −0.001% | $417K | $468K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.31 | −0.001% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.33 | +0.002% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.80 | −0.067% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.021% | $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 | 775.38 | +0.138% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.04 | −0.036% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.65 | +0.043% | $308K | $20K | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0010% | 1h | 773.19 | −0.145% | $162K | $24K | 50x | as long as short |
BloFin SPY-USDT
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 | +0.008% | $163K | $374K | 10x | as long as short |
| MEXC SPY_USDT | +0.0015% | 8h | 774.29 | −0.003% | $25.4M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0015% | 8h | 774.27 | −0.006% | $28.3M | $80.0M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.61 | −0.091% | $934K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.152% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.62 | −0.090% | $4.8M | $838K | 20x | as long as short |
| Aster SPYUSDT | +0.0063% | 8h | 774.75 | +0.056% | $865K | $196K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.034% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0072% | 1h | 774.67 | +0.046% | $56.5M | $113.7M | 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 | +0.0085% | 1h | 773.95 | −0.047% | $1.5M | $280K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.73 | −0.076% | $2.5M | $977K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.007% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.74 | −0.075% | $87K | — | 10x | as long as short |
| RISEx SPY/USDCshort | +0.0173% | 1h | 774.47 | +0.020% | $7.0M | $5.0M | 25x | |
| GMX SPY/USD [ETH-USDC]long | L +0.0209% / S −0.0429% | 1h | 774.32 | long leg | $10K | — | 26x | |
| edgeX SPYUSDC | +0.0780% | 4h | 774.18 | −0.017% | $640K | $242K | 20x | as long as short |
GRVT SPY_USDT_Perp
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Aster SPYUSDT
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Lighter SPY
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
edgeX SPYUSDC