Funding you earn now, next payment 02:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.039%
Price spread now: Binance against RISEx−0.028%7-day average −0.007% · 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−$18as in the Price arb table
costs, in and out, $10k−$160.164% of the position
Funding, last 3 days (all we have)−0.049%−$5 on $10k
+Price spread, last 2 days (all we have)+0.057%+$6 · spread now −0.028%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.021% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SPY/USDC | 774.53 | 0.0190 | pay 0.0024% / 1h | 56m 15s | $6.9M | $5.2M | 25x |
| Short | Binance SPYUSDT | 774.31 | 0.0025 | get 0.0025% / 8h | 6h 56m | $28.5M | $81.5M | 50x |
RISEx SPY/USDC
Binance SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$34.54
- Price spread: −0.028% → −0.007%
- −$2.08
- Slippage, 4 orders
- −$0.39
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$53.01
- Costs to cover
- 0.164%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 3 min ago; Binance: 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, 3 min ago | 0.13 bp | 3.1 bp −$3 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.06 bp | 5.1 bp −$5 | 5.8 bp −$58 | 10.3 bp −$1,028 | 31.1 bp −$15.6K |
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 | −0.0095% | 8h | 774.36 | −0.021% | $414K | $571K | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.49 | −0.005% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.90 | −0.081% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.49 | −0.005% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.47 | +0.122% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | +0.026% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0014% | 8h | 774.38 | −0.019% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0018% | 8h | 774.53 | 0.000% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0025% | 8h | 774.31 | −0.028% | $19.0M | $11.5M | 100x | as long as short |
| Binance SPYUSDTshort | +0.0025% | 8h | 774.31 | −0.028% | $28.5M | $81.5M | 50x |
BloFin SPY-USDT
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SPY | +0.0032% | 1h | 774.59 | +0.008% | $57.6M | $111.4M | 50x | as long as short |
| Lighter SPY | +0.0040% | 1h | 774.24 | −0.037% | $8.3M | $21.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.49 | −0.134% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.15 | −0.178% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.39 | −0.147% | $4.8M | $846K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0059% | 8h | 774.48 | −0.005% | $159K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.83 | −0.090% | $161K | $296K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0073% | 1h | 774.08 | −0.058% | $23K | $55K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | −0.050% | $955K | $555K | 20x | as long as short |
| Nado SPY-PERP | +0.0096% | 1h | 773.94 | −0.076% | $1.5M | $285K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.78 | −0.096% | $2.5M | $953K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.87 | −0.085% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.31 | −0.028% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.75 | −0.100% | $87K | — | 10x | as long as short |
| RISEx SPY/USDClong | +0.0190% | 1h | 774.53 | long leg | $6.9M | $5.2M | 25x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.32 | −0.027% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0267% | 4h | 774.31 | −0.028% | $640K | $242K | 20x | as long as short |
Lighter RH SPY
Lighter SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Phoenix SPY
Deribit SPY_USDC-PERPETUAL
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC