Funding you earn now, next payment 04:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h +0.004%
Price spread now: Coinbase International against edgeX−0.041%77s7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs+$49as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days+0.796%+$80 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.041%, 7d avg −0.057%
=Together, before fees+0.861%+ Points / potential airdropedgeX: Active · farm board+$86 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: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.796%, so the current rate has only just turned against you. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX SPYUSDC | 774.06 | 0.0101 | pay 0.0051% / 4h | 3h 28m | $640K | $243K | 20x |
| Short | Coinbase International SPY-PERP-INTX | 773.74 | 0.0056 | get 0.0007% / 1h | 28m 00s | $950K | $551K | 20x |
edgeX SPYUSDC
Coinbase International SPY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$9.54
- Price spread: −0.041% → −0.057%
- $1.53
- Slippage, 4 orders
- −$11.7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$38.71
- Costs to cover
- 0.307%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 26 min ago; Coinbase International: live order book, 25 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, 26 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 25 min ago | 0.06 bp | 6.0 bp −$6 | 7.1 bp −$71 | 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 | 774.19 | +0.017% | $417K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.70 | −0.046% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.28 | +0.029% | $28.1M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.22 | +0.021% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.19 | +0.017% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.94 | −0.015% | $776K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.27 | +0.027% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.44 | +0.049% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.19 | +0.017% | $159K | $381K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.30 | +0.160% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
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 | 774.49 | +0.056% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0008% | 8h | 774.12 | +0.008% | $864K | $194K | 20x | as long as short |
| Nado SPY-PERP | +0.0031% | 1h | 774.06 | +0.001% | $1.5M | $276K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0032% | 1h | 773.21 | −0.110% | $162K | $24K | 50x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.72 | +0.085% | $56.4M | $117.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.077% | $927K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.24 | −0.106% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.09 | −0.125% | $4.7M | $841K | 20x | as long as short |
| Coinbase International SPY-PERP-INTXshort | +0.0056% | 1h | 773.74 | −0.041% | $950K | $551K | 20x | |
| Deribit SPY_USDC-PERPETUAL | +0.0060% | 1h | 774.17 | +0.014% | $23K | $56K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.57 | −0.063% | $2.5M | $981K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | +0.013% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.46 | +0.052% | $7.0M | $5.0M | 25x | as long as short |
| edgeX SPYUSDClong | +0.0101% | 4h | 774.06 | long leg | $640K | $243K | 20x | |
| Lighter SPY | +0.0104% | 1h | 774.34 | +0.036% | $8.2M | $19.3M | 50x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.69 | −0.048% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.28 | +0.029% | $10K | — | 26x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
Nado SPY-PERP
ApeX Omni SPYUSDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Lighter SPY
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]