Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%
Price spread now: MEXC against Nado+0.038%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Funding, last 3 days (all we have)+0.044%+$4 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.038%, 7d avg +0.020%
=Together, before fees−0.007%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPY-PERP | 773.88 | 0.0000 | pay 0.0000% / 1h | 4m 46s | $1.6M | $275K | 20x |
| Short | MEXC SPY_USDT | 774.17 | 0 | get 0.0000% / 8h | 3h 04m | $29.7M | $12.5M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$0.02
- Price spread: +0.038% → +0.020%
- $1.83
- Slippage, 4 orders
- −$6.67
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$11.87
- Costs to cover
- 0.137%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago | 0.13 bp | 6.5 bp −$7 | 17.3 bp −$173 | 59.2 bp −$5,922 | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.3 bp −$31 | 1.4 bp −$720 |
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 | 774.14 | +0.034% | $417K | $471K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0046% | 1h | 773.16 | −0.093% | $163K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.62 | −0.033% | $161K | $295K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.07 | +0.025% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.19 | +0.040% | $28.3M | $79.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.22 | +0.044% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.10 | +0.029% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.73 | −0.019% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDTshort | 0.0000% | 8h | 774.17 | +0.038% | $29.7M | $12.5M | 100x | |
| Bitget SPYUSDT | 0.0000% | 8h | 774.35 | +0.061% | $10.9M | $1.8M | 50x | as long as short |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.29 | +0.054% | $158K | $359K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.32 | +0.186% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.00 | +0.016% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.43 | +0.071% | $308K | $20K | 50x | as long as short |
| Nado SPY-PERPlong | 0.0000% | 1h | 773.88 | long leg | $1.6M | $275K | 20x | |
| Lighter RH SPY | +0.0040% | 1h | 774.55 | +0.087% | $56.3M | $118.7M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0040% | 1h | 773.00 | −0.113% | $4.7M | $831K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.44 | −0.057% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.10 | −0.100% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.90 | +0.003% | $951K | $558K | 20x | as long as short |
| Lighter SPY | +0.0088% | 1h | 774.30 | +0.055% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.45 | −0.055% | $2.5M | $972K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | +0.037% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.35 | +0.061% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.60 | −0.036% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.18 | +0.040% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0586% | 4h | 774.07 | +0.025% | $640K | $242K | 20x | as long as short |
MEXC SPY_USDT
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC