Funding you earn now, next payment 03:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h −0.015%
Price spread now: edgeX against ApeX Omni+0.113%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days−0.976%−$98 on $10k
+Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.113%, 7d avg +0.013%
=Together, before fees−1.038%+ Points / potential airdropedgeX: Active · farm board−$104 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and edgeX is 0.100% dearer against ApeX Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.976%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.48 | −0.0094 | get 0.0012% / 1h | 4m 21s | $162K | $24K | 50x |
| Short | edgeX SPYUSDC | 774.35 | 0.0210 | get 0.0105% / 4h | 1h 04m | $640K | $242K | 20x |
ApeX Omni SPYUSDT
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against ApeX Omni. 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
- $63.73
- Price spread: +0.113% → +0.013%
- $10.01
- Slippage, 4 orders
- −$44.11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $10.63
- Costs to cover
- 0.631%
- Break-even
- 5.8 days
Slippage from ApeX Omni: live order book, 57 min ago; edgeX: live order book, 59 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 ApeX Omni live order book, 57 min ago | 1.68 bp | 25.9 bp −$26 | 113.8 bp −$1,138 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 59 min ago | 5.17 bp | 9.7 bp −$10 | 10.5 bp −$105 | 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 | −0.0106% | 8h | 774.45 | +0.125% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDTlong | −0.0094% | 1h | 773.48 | long leg | $162K | $24K | 50x | |
| Phoenix SPY | −0.0021% | 1h | 773.82 | +0.044% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.61 | +0.146% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.93 | +0.058% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.55 | +0.138% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.54 | +0.137% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.56 | +0.269% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | +0.162% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0002% | 8h | 774.52 | +0.134% | $7.9M | $3.3M | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0014% | 8h | 774.43 | +0.123% | $24.0M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0015% | 8h | 774.41 | +0.120% | $28.3M | $79.6M | 50x | as long as short |
| Aster SPYUSDT | +0.0016% | 8h | 774.54 | +0.136% | $863K | $194K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0034% | 1h | 774.05 | +0.074% | $23K | $55K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.68 | +0.026% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.17 | −0.040% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0049% | 1h | 774.01 | +0.068% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.55 | +0.009% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.074% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.40 | +0.119% | $8.3M | $21.1M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.67 | +0.154% | $56.4M | $115.8M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.59 | +0.143% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.79 | +0.040% | $2.5M | $979K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.34 | +0.111% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.83 | +0.046% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.46 | +0.126% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0210% | 4h | 774.35 | +0.113% | $640K | $242K | 20x |
MEXC SPY_USDT
Binance SPYUSDT
Aster SPYUSDT
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]