Funding you earn now, next payment 01:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.034%
Price spread now: Nado against SunX−0.196%7-day average −0.179% · 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−$251as in the Price arb table
costs, in and out, $10k−$2492.495% of the position
Funding, last 3 days (all we have)−0.005%$0 on $10k
+Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.196%, 7d avg −0.179%
=Together, before fees+0.012%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.179%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SPY-USDT | 775.88 | 0 | get 0.0000% / 8h | 7h 48m | $2K | $1.5M | 10x |
| Short | Nado SPY-PERP | 774.36 | 0.0086 | get 0.0011% / 1h | 48m 02s | $1.5M | $290K | 20x |
SunX SPY-USDT
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against SunX. 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
- $18.02
- Price spread: −0.196% → −0.179%
- −$1.66
- Slippage, 4 orders
- −$234.47
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$233.11
- Costs to cover
- 2.495%
- Break-even
- 97.6 days
Slippage from SunX: live order book, 7 min ago; Nado: 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 SunX live order book, 7 min ago | 29.07 bp | 107.4 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 1 min ago | 0.06 bp | 4.7 bp −$5 | 14.2 bp −$142 | 54.3 bp −$5,432 | 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 | −0.0107% | 8h | 774.71 | −0.151% | $412K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.73 | −0.277% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.68 | −0.155% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.92 | −0.124% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.85 | −0.133% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.37 | −0.195% | $763K | $2.3M | 75x | as long as short |
| SunX SPY-USDTlong | 0.0000% | 8h | 775.88 | long leg | $2K | $1.5M | 10x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.42 | −0.188% | $308K | $20K | 50x | as long as short |
| MEXC SPY_USDT | +0.0013% | 8h | 774.80 | −0.139% | $28.7M | $11.5M | 100x | as long as short |
| Binance SPYUSDT | +0.0013% | 8h | 774.77 | −0.143% | $28.5M | $81.6M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
HTX SPY-USDT
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.47 | −0.182% | $8.2M | $21.4M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.99 | −0.115% | $57.3M | $112.7M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.54 | −0.302% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.68 | −0.284% | $4.8M | $847K | 20x | as long as short |
| Bitget SPYUSDT | +0.0051% | 8h | 774.90 | −0.126% | $11.0M | $2.4M | 50x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.96 | −0.247% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.242% | $954K | $559K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0074% | 8h | 774.69 | −0.154% | $157K | $400K | 10x | as long as short |
| Nado SPY-PERPshort | +0.0086% | 1h | 774.36 | −0.196% | $1.5M | $290K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.19 | −0.218% | $2.5M | $951K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.98 | −0.245% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.76 | −0.144% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.15 | −0.223% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0125% | 1h | 774.55 | −0.171% | $23K | $59K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.79 | −0.140% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0232% | 4h | 774.53 | −0.174% | $640K | $241K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.91 | −0.124% | $6.9M | $5.2M | 25x | as long as short |
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Bitget SPYUSDT
Phoenix SPY
Coinbase International SPY-PERP-INTX
GRVT SPY_USDT_Perp
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC
RISEx SPY/USDC