Funding you earn now, next payment 06:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.021%
Price spread now: Gate against Nado−0.034%7-day average −0.005% · 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−$41as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now −0.034%, 7d avg −0.005%
=Together, before fees+0.009%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.029% cheaper against Nado than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of −0.005%). If the spread goes back, that is −$3 on $10k: about 2.7 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.001% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPY-PERP | 773.80 | −0.0036 | get 0.0004% / 1h | 25m 55s | $1.6M | $264K | 20x |
| Short | Gate SPY_USDT | 773.54 | 0 | get 0.0000% / 8h | 2h 25m | $770K | $2.4M | 75x |
Nado SPY-PERP
Gate SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Nado. 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
- $7.52
- Price spread: −0.034% → −0.005%
- −$2.88
- Slippage, 4 orders
- −$16.6
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$33.95
- Costs to cover
- 0.386%
- Break-even
- 38.6 days
Slippage from Nado: live order book, 3 min ago; Gate: 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 Nado live order book, 3 min ago | 0.06 bp | 6.5 bp −$6 | 17.7 bp −$177 | 59.6 bp −$5,964 | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.23 bp | 13.6 bp −$14 | 14.7 bp −$147 | 52.5 bp −$5,247 | 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 | −0.0120% | 8h | 773.99 | +0.025% | $416K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.59 | −0.027% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERPlong | −0.0036% | 1h | 773.80 | long leg | $1.6M | $264K | 20x | |
| Aster SPYUSDT | 0.0000% | 8h | 774.06 | +0.034% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.06 | +0.034% | $28.5M | $79.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.90 | +0.013% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.96 | +0.021% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDTshort | 0.0000% | 8h | 773.54 | −0.034% | $770K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.05 | +0.032% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.19 | +0.050% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
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 | 774.17 | +0.047% | $169K | $350K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.13 | +0.172% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.84 | +0.005% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.73 | −0.009% | $300K | $37K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.20 | +0.052% | $7.0M | $4.5M | 25x | as long as short |
| Ondo Perps SPY-USD.P | +0.0026% | 1h | 773.10 | −0.090% | $4.7M | $832K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.37 | −0.056% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.07 | −0.094% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.49 | +0.089% | $56.1M | $118.2M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.88 | +0.010% | $951K | $556K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0078% | 1h | 773.12 | −0.088% | $164K | $25K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.41 | −0.050% | $2.5M | $982K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.96 | +0.021% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.53 | −0.035% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0128% | 1h | 774.22 | +0.054% | $8.1M | $19.4M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0210% / S −0.0429% | 1h | 774.05 | +0.033% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0402% | 4h | 773.99 | +0.024% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
Ondo Perps SPY-USD.P
Arcus SPY-USD
Vest SPY-USD-PERP
Lighter RH SPY
Coinbase International SPY-PERP-INTX
ApeX Omni SPYUSDT
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC