Funding you earn now, next payment 12:00 UTC+0.0739%/8h= +80.9% APRpaid last 24h +0.070%
Price spread now: edgeX against Bybit+0.024%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Funding, last 7 days−0.832%−$83 on $10k
+Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.024%, 7d avg +0.007%
=Together, before fees−0.847%+ Points / potential airdropedgeX: Active · farm board−$85 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.832%, 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 | Bybit SPYUSDT | 772.23 | 0 | get 0.0000% / 8h | 7h 31m | $6.2M | $1.5M | 100x |
| Short | edgeX SPYUSDC | 772.42 | 0.0739 | get 0.0370% / 4h | 3h 31m | $638K | $243K | 20x |
Bybit SPYUSDT
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bybit. 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
- $155.22
- Price spread: +0.024% → +0.007%
- $1.75
- Slippage, 4 orders
- −$14.1
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $122.86
- Costs to cover
- 0.341%
- Break-even
- 1.5 days
Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 2 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 Bybit live order book, 1 min ago | 0.45 bp | 7.4 bp −$7 | 9.5 bp −$95 | 21.5 bp −$2,149 | doesn't fit |
| Sell edgeX live order book, 2 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 | 772.49 | +0.034% | $417K | $439K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 771.89 | −0.044% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.29 | +0.008% | $863K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.32 | +0.011% | $28.6M | $75.4M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 772.23 | long leg | $6.2M | $1.5M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.24 | +0.001% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.05 | −0.023% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.30 | +0.009% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.49 | +0.034% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 772.84 | +0.079% | $159K | $330K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
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 | 773.51 | +0.166% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.15 | +0.119% | $300K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 772.43 | +0.026% | $56.7M | $118.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 771.62 | −0.079% | $922K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.18 | −0.136% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.77 | −0.060% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.12 | −0.014% | $950K | $507K | 20x | as long as short |
| Nado SPY-PERP | +0.0083% | 1h | 771.86 | −0.047% | $1.5M | $251K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 771.94 | −0.038% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 771.94 | −0.038% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.35 | +0.016% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 771.80 | −0.056% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 772.29 | +0.008% | $7.9M | $17.1M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0113% | 1h | 772.03 | −0.026% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.36 | +0.016% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.47 | +0.030% | $7.2M | $3.5M | 25x | as long as short |
| edgeX SPYUSDCshort | +0.0739% | 4h | 772.42 | +0.024% | $638K | $243K | 20x |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC