Funding you earn now, next payment 05:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.052%
Price spread now: Arcus against RISEx−0.115%7-day average −0.100% · 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−$19as in the Price arb table
costs, in and out, $10k−$170.175% of the position
Funding, last 4 days (all we have)−0.031%−$3 on $10k
+Price spread, last 7 days0.000%$0 · spread now −0.115%, 7d avg −0.100%
=The price spread sits at its 7-day average of −0.100%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SPY/USDC | 774.35 | 0.0100 | pay 0.0013% / 1h | 3m 13s | $7.0M | $5.0M | 25x |
| Short | Arcus SPY-USD | 773.46 | 0.0040 | get 0.0005% / 1h | 3m 13s | $928K | $1.4M | 50x |
RISEx SPY/USDC
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against RISEx. 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
- −$12.58
- Price spread: −0.115% → −0.100%
- −$1.48
- Slippage, 4 orders
- −$6.96
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$31.52
- Costs to cover
- 0.175%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 1 min ago; Arcus: live order book, 1 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 RISEx live order book, 1 min ago | 0.06 bp | 4.2 bp −$4 | 4.5 bp −$45 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 0.26 bp | 5.6 bp −$6 | 10.0 bp −$100 | doesn't fit | 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 | 774.22 | −0.017% | $417K | $471K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0046% | 1h | 773.16 | −0.154% | $163K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.62 | −0.094% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0002% | 1h | 773.89 | −0.059% | $1.6M | $275K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.07 | −0.036% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.23 | −0.016% | $28.2M | $79.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.26 | −0.012% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.10 | −0.032% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.76 | −0.076% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.22 | −0.017% | $29.7M | $12.5M | 100x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.35 | 0.000% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.28 | −0.010% | $158K | $359K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.37 | +0.132% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.54 | +0.024% | $308K | $20K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0037% | 1h | 773.00 | −0.175% | $4.7M | $831K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.56 | +0.027% | $56.3M | $118.8M | 50x | as long as short |
| Arcus SPY-USDshort | +0.0040% | 1h | 773.46 | −0.115% | $928K | $1.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.13 | −0.158% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.00 | −0.045% | $23K | $56K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.90 | −0.058% | $951K | $558K | 20x | as long as short |
| Lighter SPY | +0.0088% | 1h | 774.32 | −0.004% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.45 | −0.116% | $2.5M | $973K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.15 | −0.026% | $1K | — | 20x | as long as short |
| RISEx SPY/USDClong | +0.0100% | 1h | 774.35 | long leg | $7.0M | $5.0M | 25x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.63 | −0.093% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.23 | −0.016% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0984% | 4h | 774.05 | −0.039% | $640K | $242K | 20x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Ondo Perps SPY-USD.P
Lighter RH SPY
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC