Funding you earn now, next payment 04:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.019%
Price spread now: Nado against MEXC−0.045%51s7-day average −0.019% · you buy dearer than you sell
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−$130.134% of the position
Funding, last 3 days (all we have)−0.045%−$4 on $10k
+Price spread, last 7 days+0.055%+$6 · spread now −0.045%, 7d avg −0.019%
=Together, before fees+0.010%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.026% cheaper against MEXC than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.019%). If the spread goes back, that is −$3 on $10k: about 29 hours of funding at the current rate (+$2 a day). The two prices were read 51 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 | MEXC SPY_USDT | 774.21 | 0.0001 | pay 0.0001% / 8h | 4h 11m | $26.5M | $12.1M | 100x |
| Short | Nado SPY-PERP | 773.86 | 0.0073 | get 0.0009% / 1h | 11m 41s | $1.5M | $280K | 20x |
MEXC SPY_USDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against MEXC. 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
- $15.12
- Price spread: −0.045% → −0.019%
- −$2.57
- Slippage, 4 orders
- −$6.43
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$0.88
- Costs to cover
- 0.134%
- Break-even
- 7.4 days
Slippage from MEXC: live order book, 2 min ago; Nado: live order book, 2 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 MEXC live order book, 2 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.1 bp −$6 | 0.4 bp −$209 |
| Sell Nado live order book, 2 min ago | 0.06 bp | 7.3 bp −$7 | 17.6 bp −$176 | 57.7 bp −$5,768 | 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 | 774.25 | +0.005% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0039% | 1h | 773.20 | −0.130% | $162K | $24K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | +0.006% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.21 | 0.000% | $7.9M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.71 | −0.065% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.40 | +0.025% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.36 | +0.019% | $163K | $374K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.62 | −0.076% | $161K | $295K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.25 | +0.134% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.81 | −0.052% | $23K | $56K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Bybit 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 | 774.66 | +0.058% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDTlong | +0.0001% | 8h | 774.21 | long leg | $26.5M | $12.1M | 100x | |
| Binance SPYUSDT | +0.0002% | 8h | 774.22 | +0.001% | $28.2M | $79.9M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.60 | −0.079% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.02 | −0.154% | — | $123K | 50x | as long as short |
| Aster SPYUSDT | +0.0048% | 8h | 774.27 | +0.007% | $865K | $196K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.58 | −0.081% | $4.8M | $829K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.53 | +0.041% | $56.5M | $115.5M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.05 | −0.021% | $954K | $552K | 20x | as long as short |
| Nado SPY-PERPshort | +0.0073% | 1h | 773.86 | −0.045% | $1.5M | $280K | 20x | |
| Lighter SPY | +0.0088% | 1h | 774.23 | +0.003% | $8.3M | $19.7M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | −0.049% | $2.5M | $977K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.17 | −0.005% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.63 | −0.075% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.33 | +0.015% | $7.0M | $5.0M | 25x | as long as short |
| 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 | −0.005% | $640K | $243K | 20x | as long as short |
HTX 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
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC