Funding you earn now, next payment 04:00 UTC−0.0291%/8h= −31.9% APRpaid last 24h −0.008%
Price spread now: BloFin against edgeX+0.019%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs+$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Funding, last 7 days+0.559%+$56 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.019%, 7d avg +0.017%
=Together, before fees+0.650%+ Points / potential airdropedgeX: Active · farm board+$65 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.559%, 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 | 0.0185 | pay 0.0092% / 4h | 1h 07m | $640K | $241K | 20x |
| Short | BloFin SPY-USDT | 774.50 | −0.0107 | pay 0.0107% / 8h | 5h 07m | $417K | $468K | 50x |
edgeX SPYUSDC
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$61.18
- Price spread: +0.019% → +0.017%
- $0.14
- Slippage, 4 orders
- −$10.53
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$92.57
- Costs to cover
- 0.315%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 56 min ago; BloFin: live order book, 33 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, 56 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 33 min ago | 0.06 bp | 6.1 bp −$6 | 6.3 bp −$63 | 8.2 bp −$817 | 15.0 bp −$7,523 |
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-USDTshort | −0.0107% | 8h | 774.50 | +0.019% | $417K | $468K | 50x | |
| ApeX Omni SPYUSDT | −0.0090% | 1h | 772.89 | −0.189% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.86 | −0.064% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.65 | +0.038% | $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 | 774.60 | +0.032% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.56 | +0.027% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.62 | +0.163% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.99 | −0.047% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.71 | +0.046% | $308K | $20K | 50x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.54 | +0.024% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0012% | 8h | 774.47 | +0.015% | $863K | $194K | 20x | as long as short |
| MEXC SPY_USDT | +0.0013% | 8h | 774.47 | +0.015% | $24.0M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0014% | 8h | 774.48 | +0.017% | $28.3M | $79.6M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.66 | −0.090% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.148% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0050% | 1h | 774.01 | −0.045% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.56 | −0.103% | $4.8M | $842K | 20x | as long as short |
| Lighter SPY | +0.0056% | 1h | 774.39 | +0.005% | $8.3M | $21.1M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.039% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.72 | +0.047% | $56.4M | $115.5M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.61 | +0.033% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.79 | −0.073% | $2.5M | $980K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.38 | +0.003% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.91 | −0.057% | $87K | — | 10x | as long as short |
| edgeX SPYUSDClong | +0.0185% | 4h | 774.35 | long leg | $640K | $241K | 20x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.50 | +0.020% | $10K | — | 26x | as long as short |
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Lighter SPY
Coinbase International SPY-PERP-INTX
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]