Funding you earn now, next payment 21:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h −0.078%
Price spread now: edgeX against Coinbase International+0.064%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days−0.833%−$83 on $10k
+Price spread, last 3 days (all we have)−0.107%−$11 · spread now +0.064%, 7d avg +0.057%
=Together, before fees−0.940%+ Points / potential airdropedgeX: Active · farm board−$94 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.833%, 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 | Coinbase International SPY-PERP-INTX | 773.52 | 0.0088 | pay 0.0011% / 1h | 3m 21s | $955K | $653K | 20x |
| Short | edgeX SPYUSDC | 774.02 | 0.0102 | get 0.0051% / 4h | 2h 03m | $640K | $241K | 20x |
Coinbase International SPY-PERP-INTX
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Coinbase International. 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
- $2.9
- Price spread: +0.064% → +0.057%
- $0.77
- Slippage, 4 orders
- −$11.3
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$26.64
- Costs to cover
- 0.303%
- Break-even
- 71.3 days
Slippage from Coinbase International: live order book, 20 min ago; edgeX: live order book, 20 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 Coinbase International live order book, 20 min ago | 0.06 bp | 5.6 bp −$6 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 20 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 | 774.05 | +0.069% | $414K | $727K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.88 | +0.046% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.03 | +0.066% | $28.4M | $87.1M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.12 | +0.078% | $6.2M | $2.2M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.08 | +0.072% | $8.0M | $3.6M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.39 | −0.017% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.04 | +0.067% | $25.4M | $12.1M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.09 | +0.073% | $157K | $454K | 10x | as long as short |
| Phoenix SPY | 0.0000% | 1h | 773.45 | −0.009% | $161K | $296K | 20x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.09 | +0.203% | $2K | $1.6M | 10x | as long as short |
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_Perp
Phoenix SPY
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.30 | +0.101% | $308K | $20K | 50x | as long as short |
| Nado SPY-PERP | +0.0023% | 1h | 773.51 | −0.001% | $1.5M | $312K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.83 | +0.040% | $8.8M | $22.2M | 50x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.32 | +0.103% | $56.5M | $123.7M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.21 | −0.040% | $951K | $1.3M | 50x | as long as short |
| Bitget SPYUSDT | +0.0042% | 8h | 773.96 | +0.057% | $10.8M | $3.1M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.81 | −0.092% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.19 | −0.043% | $4.8M | $917K | 20x | as long as short |
| Coinbase International SPY-PERP-INTXlong | +0.0088% | 1h | 773.52 | long leg | $955K | $653K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.38 | −0.018% | $2.5M | $984K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.57 | +0.006% | $154K | $16K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.03 | +0.066% | $1K | — | 20x | as long as short |
| edgeX SPYUSDCshort | +0.0102% | 4h | 774.02 | +0.064% | $640K | $241K | 20x | |
| Aevo SPY-PERP | +0.0104% | 1h | 773.56 | +0.005% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0112% | 1h | 773.94 | +0.054% | $22K | $75K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.04 | +0.068% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0232% | 1h | 774.23 | +0.091% | $6.9M | $5.5M | 25x | as long as short |
HTX SPY-USDT
Nado SPY-PERP
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Bitget SPYUSDT
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC