Funding you earn now, next payment 00:00 UTC+0.0447%/8h= +48.9% APRpaid last 24h −0.098%
Price spread now: edgeX against Bitget−0.036%114s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.334% of the position
Funding, last 7 days−0.878%−$88 on $10k
+Price spread, last 3 days (all we have)+0.043%+$4 · spread now −0.036%, 7d avg −0.026%
=Together, before fees−0.834%+ Points / potential airdropedgeX: Active · farm board−$83 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.878%, so the current rate has only just turned in your favour. The two prices were read 114 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 | Bitget SPYUSDT | 774.24 | 0.0029 | pay 0.0029% / 8h | 1h 29m | $10.8M | $2.9M | 50x |
| Short | edgeX SPYUSDC | 773.96 | 0.0476 | get 0.0238% / 4h | 1h 29m | $639K | $241K | 20x |
Bitget SPYUSDT
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bitget. 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
- $93.87
- Price spread: −0.036% → −0.026%
- −$1.07
- Slippage, 4 orders
- −$12.36
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $59.43
- Costs to cover
- 0.334%
- Break-even
- 2.6 days
Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 54 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 Bitget live order book, 4 min ago | 0.06 bp | 6.7 bp −$7 | 9.8 bp −$98 | 14.4 bp −$1,445 | doesn't fit |
| Sell edgeX live order book, 54 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 | −0.0120% | 8h | 774.06 | −0.023% | $413K | $704K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.20 | −0.134% | $945K | $1.4M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.50 | −0.096% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.08 | −0.021% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.13 | −0.015% | $28.2M | $83.8M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.25 | +0.001% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.19 | −0.006% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.65 | −0.076% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.16 | −0.010% | $26.0M | $12.3M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.15 | −0.012% | $157K | $430K | 10x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.16 | +0.119% | $2K | $1.6M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.01 | −0.030% | $23K | $75K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.09 | −0.019% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDTlong | +0.0029% | 8h | 774.24 | long leg | $10.8M | $2.9M | 50x | |
| Lighter SPY | +0.0032% | 1h | 774.04 | −0.026% | $8.6M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.53 | +0.037% | $56.8M | $121.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.11 | −0.146% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.40 | −0.108% | $4.8M | $920K | 20x | as long as short |
| Nado SPY-PERP | +0.0060% | 1h | 773.88 | −0.046% | $1.5M | $309K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.56 | −0.088% | $955K | $638K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.64 | −0.077% | $2.5M | $982K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.76 | −0.062% | $154K | $20K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.09 | −0.019% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.57 | −0.086% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.32 | +0.010% | $6.9M | $5.4M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.10 | −0.019% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0476% | 4h | 773.96 | −0.036% | $639K | $241K | 20x |
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-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]