Funding you earn now, next payment 03:00 UTC−0.0303%/8h= −33.2% APRpaid last 24h +0.015%
Price spread now: ApeX Omni against edgeX−0.113%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs+$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days+0.976%+$98 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.113%, 7d avg −0.013%
=Together, before fees+1.038%+ Points / potential airdropedgeX: Active · farm board+$104 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and ApeX Omni is 0.100% cheaper against edgeX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.976%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX SPYUSDC | 774.35 | 0.0210 | pay 0.0105% / 4h | 1h 03m | $640K | $242K | 20x |
| Short | ApeX Omni SPYUSDT | 773.48 | −0.0094 | pay 0.0012% / 1h | 3m 44s | $162K | $24K | 50x |
edgeX SPYUSDC
ApeX Omni SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against edgeX. 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
- −$63.73
- Price spread: −0.113% → −0.013%
- −$10
- Slippage, 4 orders
- −$44.11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$136.83
- Costs to cover
- 0.631%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 60 min ago; ApeX Omni: live order book, 57 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 edgeX live order book, 60 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 57 min ago | 1.68 bp | 17.8 bp −$18 | 79.8 bp −$798 | 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 | −0.0106% | 8h | 774.45 | +0.012% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDTshort | −0.0094% | 1h | 773.48 | −0.113% | $162K | $24K | 50x | |
| Phoenix SPY | −0.0021% | 1h | 773.82 | −0.069% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.57 | +0.028% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.93 | −0.055% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.54 | +0.024% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.54 | +0.024% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.56 | +0.156% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | +0.049% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0002% | 8h | 774.52 | +0.021% | $7.9M | $3.3M | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0014% | 8h | 774.43 | +0.010% | $24.0M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0015% | 8h | 774.41 | +0.007% | $28.3M | $79.6M | 50x | as long as short |
| Aster SPYUSDT | +0.0017% | 8h | 774.55 | +0.025% | $864K | $194K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0034% | 1h | 774.05 | −0.039% | $23K | $55K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.68 | −0.087% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.17 | −0.153% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0049% | 1h | 774.01 | −0.045% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.55 | −0.104% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.039% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.31 | −0.006% | $8.3M | $21.1M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.65 | +0.038% | $56.4M | $115.9M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.59 | +0.030% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.78 | −0.074% | $2.5M | $979K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.34 | −0.002% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.83 | −0.067% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.46 | +0.013% | $10K | — | 26x | as long as short |
| edgeX SPYUSDClong | +0.0210% | 4h | 774.35 | long leg | $640K | $242K | 20x |
MEXC SPY_USDT
Binance SPYUSDT
Aster SPYUSDT
Deribit SPY_USDC-PERPETUAL
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]