Funding you earn now, next payment 12:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.016%
Price spread now: Orderly against Nado+0.054%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.054% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SPY-PERP | 774.13 | 0.0068 | pay 0.0009% / 1h | 57m 06s | $1.5M | $276K | 20x |
| Short | Orderly PERP_SPY_USDC_mythos | 774.55 | 0.0100 | get 0.0100% / 8h | 4h 57m | $1K | — | 20x |
Nado SPY-PERP
Orderly PERP_SPY_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $6.64
- Price spread: +0.054% → 0.000%
- $5.36
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$0.99
- Costs to cover
- 0.130%
- Break-even
- 8.0 days
Slippage unknown: Nado: live order book, 5 min ago; Orderly: 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 Nado live order book, 5 min ago | 0.06 bp | 6.9 bp −$7 | 16.1 bp −$161 | 42.3 bp −$4,234 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 exchanges
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 | 774.59 | +0.059% | $420K | $371K | 50x | as long as short |
| Arcus SPY-USD | −0.0042% | 1h | 773.75 | −0.050% | $1.0M | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.58 | +0.057% | $863K | $206K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.57 | +0.056% | $28.5M | $73.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.57 | +0.056% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.59 | +0.059% | $7.8M | $3.1M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 774.55 | +0.054% | $7.1M | $3.2M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.11 | −0.003% | $789K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.57 | +0.056% | $29.4M | $13.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.72 | +0.076% | $11.1M | $1.5M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 775.11 | +0.126% | $165K | $335K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 774.36 | +0.029% | $158K | $74K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.68 | +0.200% | $2K | $1.1M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 775.18 | +0.135% | $300K | $25K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0021% | 1h | 774.22 | +0.011% | $23K | $38K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.34 | +0.027% | $7.8M | $16.0M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.66 | +0.068% | $57.2M | $114.3M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0040% | 1h | 774.26 | +0.016% | $952K | $172K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.38 | −0.098% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.65 | −0.063% | $4.8M | $835K | 20x | as long as short |
| Nado SPY-PERPlong | +0.0068% | 1h | 774.13 | long leg | $1.5M | $276K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.20 | +0.008% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.57 | +0.056% | $226K | $54K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythosshort | +0.0100% | 8h | 774.55 | +0.054% | $1K | — | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.99 | −0.019% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.58 | +0.057% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0788% | 4h | 774.62 | +0.063% | $640K | $244K | 20x | as long as short |
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDT
HTX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC