Funding you earn now, next payment 12:00 UTC+0.0842%/8h= +92.2% APRpaid last 24h +0.056%
Price spread now: edgeX against Binance+0.035%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$290.294% of the position
Funding, last 7 days−0.668%−$67 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.035%, 7d avg −0.014%
=Together, before fees−0.795%+ Points / potential airdropedgeX: Active · farm board−$80 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and edgeX is 0.050% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.668%, 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 | Binance SPYUSDT | 773.59 | 0 | get 0.0000% / 8h | 6h 54m | $28.6M | $76.4M | 50x |
| Short | edgeX SPYUSDC | 773.87 | 0.0842 | get 0.0421% / 4h | 2h 54m | $639K | $242K | 20x |
Binance SPYUSDT
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Binance. 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
- $176.8
- Price spread: +0.035% → −0.014%
- $4.97
- Slippage, 4 orders
- −$10.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $152.35
- Costs to cover
- 0.294%
- Break-even
- 1.0 days
Slippage from Binance: live order book, 3 min ago; edgeX: live order book, 39 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 Binance live order book, 3 min ago | 0.06 bp | 5.1 bp −$5 | 5.8 bp −$58 | 11.7 bp −$1,172 | doesn't fit |
| Sell edgeX live order book, 39 min ago | 5.11 bp | 9.7 bp −$10 | 10.4 bp −$104 | 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 | −0.0120% | 8h | 773.76 | +0.021% | $414K | $411K | 50x | as long as short |
| Nado SPY-PERP | −0.0032% | 1h | 773.53 | −0.008% | $1.5M | $251K | 20x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 773.63 | +0.005% | $158K | $150K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.67 | +0.010% | $862K | $199K | 20x | as long as short |
| Binance SPYUSDTlong | 0.0000% | 8h | 773.59 | long leg | $28.6M | $76.4M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 773.55 | −0.006% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.58 | −0.002% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.24 | −0.046% | $791K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.63 | +0.005% | $19.1M | $12.1M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.72 | +0.016% | $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 | 774.85 | +0.162% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.58 | +0.127% | $300K | $38K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0009% | 1h | 773.45 | −0.019% | $23K | $51K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.45 | −0.019% | $7.9M | $17.1M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.83 | +0.031% | $56.8M | $115.2M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.04 | −0.072% | $967K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.72 | −0.113% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.14 | −0.059% | $4.8M | $850K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0059% | 8h | 774.23 | +0.082% | $160K | $341K | 10x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 772.60 | −0.128% | $951K | $505K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.39 | −0.026% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.47 | −0.016% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.73 | +0.018% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.18 | −0.053% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 773.73 | +0.018% | $7.2M | $3.5M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.71 | +0.014% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0842% | 4h | 773.87 | +0.035% | $639K | $242K | 20x |
SunX SPY-USDT
HTX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]