Funding you earn now, next payment 02:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.070%
Price spread now: RISEx against Vest+0.167%7-day average +0.085% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.167%, 7d avg +0.085%
=Together, before fees+0.043%+ Points / potential airdropVest: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.082% dearer against Vest than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPY-USD-PERP | 773.21 | 0.0046 | pay 0.0006% / 1h | 14m 31s | — | $123K | 50x |
| Short | RISEx SPY/USDC | 774.50 | 0.0190 | get 0.0024% / 1h | 14m 31s | $7.0M | $5.2M | 25x |
Vest SPY-USD-PERP
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $30.24
- Price spread: +0.167% → +0.085%
- $8.22
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $30.47
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; RISEx: live order book, 5 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 RISEx live order book, 5 min ago | 0.06 bp | 3.4 bp −$3 | 3.9 bp −$39 | doesn't fit | doesn't fit |
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 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SPYUSDT | 0.0000% | 8h | 774.43 | +0.158% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.36 | +0.149% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.93 | +0.093% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.55 | +0.173% | $10.9M | $2.1M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.36 | +0.149% | $162K | $379K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.49 | +0.295% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.33 | +0.145% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0004% | 8h | 774.45 | +0.161% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0013% | 8h | 774.35 | +0.147% | $20.3M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0013% | 8h | 774.35 | +0.148% | $28.4M | $80.3M | 50x | as long as short |
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.27 | +0.137% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.42 | +0.027% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.80 | +0.076% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERPlong | +0.0046% | 1h | 773.21 | long leg | — | $123K | 50x | |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.15 | +0.122% | $23K | $55K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.58 | +0.048% | $4.8M | $841K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.80 | +0.206% | $56.8M | $114.4M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 773.74 | +0.069% | $954K | $556K | 20x | as long as short |
| Nado SPY-PERP | +0.0093% | 1h | 774.01 | +0.103% | $1.5M | $288K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.60 | +0.050% | $2.5M | $962K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.99 | +0.101% | $160K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.34 | +0.146% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.76 | +0.071% | $87K | — | 10x | as long as short |
| RISEx SPY/USDCshort | +0.0190% | 1h | 774.50 | +0.167% | $7.0M | $5.2M | 25x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.36 | +0.148% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0256% | 4h | 774.20 | +0.128% | $640K | $242K | 20x | as long as short |
Lighter SPY
Arcus SPY-USD
Phoenix SPY
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Lighter RH SPY
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