Funding you earn now, next payment 03:00 UTC+0.0621%/8h= +68.0% APRpaid last 24h +0.007%
Price spread now: edgeX against Arcus+0.094%54s7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.276% of the position
Funding, last 4 days (all we have)−0.431%−$43 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.094%, 7d avg +0.068%
=Together, before fees−0.479%+ Points / potential airdropedgeX: Active · farm board−$48 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and edgeX is 0.026% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.068%. Mind the row above: over the last 4 days funding on this pair cost −0.431%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SPY-USD | 773.63 | 0.0040 | pay 0.0005% / 1h | 10m 32s | $931K | $1.4M | 50x |
| Short | edgeX SPYUSDC | 774.35 | 0.0662 | get 0.0331% / 4h | 1h 10m | $640K | $241K | 20x |
Arcus SPY-USD
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Arcus. 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
- $130.47
- Price spread: +0.094% → +0.068%
- $2.55
- Slippage, 4 orders
- −$14.07
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $105.45
- Costs to cover
- 0.276%
- Break-even
- 1.3 days
Slippage from Arcus: live order book, 3 min ago; edgeX: live order book, 53 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 Arcus live order book, 3 min ago | 0.06 bp | 2.3 bp −$2 | 4.2 bp −$42 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 53 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 | −0.0107% | 8h | 774.50 | +0.112% | $419K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0090% | 1h | 772.89 | −0.096% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.85 | +0.028% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.66 | +0.133% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.53 | +0.116% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.95 | +0.041% | $776K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.62 | +0.128% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.47 | +0.109% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.61 | +0.256% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.01 | +0.049% | $23K | $55K | 20x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.143% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0012% | 8h | 774.42 | +0.102% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0013% | 8h | 774.49 | +0.111% | $24.0M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0013% | 8h | 774.50 | +0.113% | $28.3M | $79.6M | 50x | as long as short |
| Arcus SPY-USDlong | +0.0040% | 1h | 773.63 | long leg | $931K | $1.4M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.054% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0050% | 1h | 774.00 | +0.047% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.56 | −0.009% | $4.8M | $842K | 20x | as long as short |
| Lighter SPY | +0.0056% | 1h | 774.37 | +0.096% | $8.3M | $21.1M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.054% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.72 | +0.141% | $56.4M | $115.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.64 | +0.130% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | +0.026% | $2.5M | $980K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.096% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.88 | +0.033% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.50 | +0.113% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0662% | 4h | 774.35 | +0.094% | $640K | $241K | 20x |
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Lighter SPY
Coinbase International SPY-PERP-INTX
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]