Funding you earn now, next payment 04:00 UTC−0.0816%/8h= −89.3% APRpaid last 24h +0.046%
Price spread now: Binance against edgeX+0.029%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs+$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$290.294% of the position
Funding, last 7 days+0.664%+$66 on $10k
+Price spread, last 2 days (all we have)−0.012%−$1 · spread now +0.029%, 7d avg +0.007%
=Together, before fees+0.652%+ Points / potential airdropedgeX: Active · farm board+$65 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.022% dearer against edgeX than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of +0.007%): +$2 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.664%, 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 | 774.15 | 0.0833 | pay 0.0416% / 4h | 2h 20m | $640K | $241K | 20x |
| Short | Binance SPYUSDT | 774.37 | 0.0017 | get 0.0017% / 8h | 6h 20m | $28.3M | $80.4M | 50x |
edgeX SPYUSDC
Binance SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$171.26
- Price spread: +0.029% → +0.007%
- $2.16
- Slippage, 4 orders
- −$10.38
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$198.48
- Costs to cover
- 0.294%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 48 min ago; Binance: live order book, 7 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, 48 min ago | 5.10 bp | 9.6 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.06 bp | 5.1 bp −$5 | 5.2 bp −$52 | 9.1 bp −$911 | 29.3 bp −$14.6K |
SPY on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SPYUSDT | 0.0000% | 8h | 774.25 | +0.013% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.37 | +0.029% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.99 | −0.020% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.44 | +0.038% | $10.9M | $2.1M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.37 | +0.029% | $162K | $379K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.50 | +0.175% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.49 | +0.044% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0008% | 8h | 774.51 | +0.046% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0017% | 8h | 774.35 | +0.026% | $20.3M | $12.0M | 100x | as long as short |
| Binance SPYUSDTshort | +0.0017% | 8h | 774.37 | +0.029% | $28.3M | $80.4M | 50x |
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
MEXC SPY_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.30 | +0.020% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.40 | −0.097% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.67 | −0.062% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.27 | −0.113% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.60 | −0.071% | $4.8M | $841K | 20x | as long as short |
| Lighter RH SPY | +0.0056% | 1h | 774.84 | +0.089% | $57.0M | $113.9M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0060% | 1h | 774.21 | +0.008% | $23K | $55K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 773.74 | −0.053% | $954K | $556K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.67 | −0.062% | $2.5M | $939K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.91 | −0.031% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.30 | +0.020% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.79 | −0.046% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0109% | 1h | 774.10 | −0.006% | $1.5M | $288K | 20x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.50 | +0.046% | $7.0M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.38 | +0.029% | $10K | — | 26x | as long as short |
| edgeX SPYUSDClong | +0.0833% | 4h | 774.15 | long leg | $640K | $241K | 20x |
Lighter SPY
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]