Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h 0.000%
Price spread now: Vest against OKX−0.149%7-day average −0.087% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.149%, 7d avg −0.087%
=Together, before fees+0.095%+ Points / potential airdropVest: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.061% cheaper against OKX than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.087%). If the spread goes back, that is −$6 on $10k: about 4.5 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SPY-USDT-SWAP | 774.21 | 0 | get 0.0000% / 8h | 4h 08m | $7.9M | $3.2M | 50x |
| Short | Vest SPY-USD-PERP | 773.06 | 0.0046 | get 0.0006% / 1h | 8m 26s | — | $123K | 50x |
OKX SPY-USDT-SWAP
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against OKX. 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
- $9.59
- Price spread: −0.149% → −0.087%
- −$6.12
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$8.52
- Costs to cover
- 0.120%
- Break-even
- 13.2 days
Slippage unknown: OKX: live order book, 5 min ago; Vest: 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 OKX live order book, 5 min ago | 0.06 bp | 5.8 bp −$6 | 8.1 bp −$81 | 18.9 bp −$1,893 | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | −0.0119% | 8h | 774.22 | +0.001% | $417K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0032% | 1h | 772.98 | −0.159% | $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-SWAPlong | 0.0000% | 8h | 774.21 | long leg | $7.9M | $3.2M | 50x | |
| Gate SPY_USDT | 0.0000% | 8h | 773.69 | −0.067% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.23 | +0.003% | $26.8M | $12.2M | 100x | 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 | 774.37 | +0.021% | $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 |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Bybit SPYUSDT
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.85 | −0.046% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.51 | +0.039% | $308K | $20K | 50x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.23 | +0.003% | $28.2M | $79.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.59 | −0.080% | $935K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | +0.0045% | 8h | 774.24 | +0.004% | $865K | $196K | 20x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.06 | −0.149% | — | $123K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.43 | −0.101% | $4.8M | $828K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.53 | +0.041% | $56.5M | $115.7M | 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-PERP | +0.0075% | 1h | 773.91 | −0.039% | $1.5M | $280K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.19 | −0.003% | $8.2M | $19.7M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.90 | −0.040% | $2.5M | $974K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.26 | +0.006% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.64 | −0.073% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0173% | 1h | 774.34 | +0.017% | $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 | +0.0333% | 4h | 774.09 | −0.015% | $640K | $241K | 20x | as long as short |
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Binance SPYUSDT
Arcus SPY-USD
Aster SPYUSDT
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC