Funding you earn now, next payment 10:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h 0.000%
Price spread now: Binance against Vest+0.132%7-day average +0.105% · 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)−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.132%, 7d avg +0.105%
=Together, before fees+0.050%+ Points / potential airdropVest: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.027% dearer against Vest than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.105%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 4 days (−0.006% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPY-USD-PERP | 773.02 | 0.0046 | pay 0.0006% / 1h | 56m 15s | — | $85K | 50x |
| Short | Binance SPYUSDT | 774.04 | 0 | get 0.0000% / 8h | 6h 56m | $28.6M | $76.3M | 50x |
Vest SPY-USD-PERP
Binance SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Vest. 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: +0.132% → +0.105%
- $2.66
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.93
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Binance: live order book, 16 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 16 min ago | 0.06 bp | 5.1 bp −$5 | 5.2 bp −$52 | 10.5 bp −$1,053 | 32.2 bp −$16.1K |
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 | −0.0120% | 8h | 774.10 | +0.140% | $414K | $411K | 50x | as long as short |
| Nado SPY-PERP | −0.0048% | 1h | 773.81 | +0.102% | $1.5M | $251K | 20x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 773.63 | +0.079% | $158K | $150K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.74 | +0.093% | $862K | $199K | 20x | as long as short |
| Binance SPYUSDTshort | 0.0000% | 8h | 774.04 | +0.132% | $28.6M | $76.3M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.03 | +0.131% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.06 | +0.135% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.67 | +0.084% | $792K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.05 | +0.133% | $19.1M | $12.1M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.26 | +0.160% | $11.0M | $1.5M | 50x | as long as short |
BloFin SPY-USDT
Nado SPY-PERP
Phoenix SPY
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.18 | +0.279% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.58 | +0.202% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.95 | +0.120% | $7.9M | $17.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.25 | +0.159% | $56.8M | $115.2M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.28 | +0.034% | $968K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERPlong | +0.0046% | 1h | 773.02 | long leg | — | $85K | 50x | |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.14 | +0.016% | $4.8M | $850K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 772.60 | −0.054% | $951K | $505K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0086% | 1h | 773.88 | +0.111% | $23K | $56K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0097% | 8h | 774.16 | +0.147% | $161K | $341K | 10x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.47 | +0.058% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.09 | +0.009% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.97 | +0.123% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.44 | +0.054% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 774.23 | +0.157% | $7.2M | $3.5M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.04 | +0.133% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0472% | 4h | 774.04 | +0.132% | $640K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
GRVT SPY_USDT_Perp
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC