Funding you earn now, next payment 04:00 UTC−0.0993%/8h= −108.7% APRpaid last 24h +0.029%
Price spread now: Bitget against edgeX+0.026%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs+$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$330.330% of the position
Funding, last 7 days+0.860%+$86 on $10k
+Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.026%, 7d avg +0.026%
=Together, before fees+0.827%+ 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: −$30 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.860%, 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 | 774.37 | 0.0993 | pay 0.0496% / 4h | 3h 09m | $640K | $241K | 20x |
| Short | Bitget SPYUSDT | 774.57 | 0 | get 0.0000% / 8h | 7h 09m | $11.0M | $2.2M | 50x |
edgeX SPYUSDC
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$208.45
- Price spread: +0.026% → +0.026%
- $0.05
- Slippage, 4 orders
- −$12.04
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$241.44
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 65 min ago; Bitget: live order book, 4 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, 65 min ago | 5.16 bp | 9.7 bp −$10 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.06 bp | 7.1 bp −$7 | 9.1 bp −$91 | 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 | −0.0098% | 8h | 774.52 | +0.020% | $414K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.73 | −0.082% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.60 | +0.030% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.01 | −0.046% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDTshort | 0.0000% | 8h | 774.57 | +0.026% | $11.0M | $2.2M | 50x | |
| SunX SPY-USDT | 0.0000% | 8h | 775.65 | +0.166% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.048% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0011% | 8h | 774.55 | +0.024% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0013% | 8h | 774.31 | −0.008% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0021% | 8h | 774.49 | +0.016% | $18.4M | $11.9M | 100x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0022% | 8h | 774.50 | +0.017% | $28.5M | $81.5M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.26 | −0.014% | $8.3M | $21.7M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.64 | +0.035% | $57.5M | $115.1M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0042% | 8h | 774.54 | +0.022% | $160K | $395K | 10x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.15 | −0.157% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.12 | −0.032% | $23K | $55K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.43 | −0.121% | $4.8M | $846K | 20x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.05 | −0.041% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.048% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.86 | −0.066% | $2.5M | $953K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.86 | −0.066% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.41 | +0.005% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.89 | −0.062% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0118% | 1h | 773.99 | −0.048% | $1.5M | $285K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.51 | +0.019% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.63 | +0.033% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDClong | +0.0993% | 4h | 774.37 | long leg | $640K | $241K | 20x |
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
GRVT SPY_USDT_Perp
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC