Funding you earn now, next payment 00:00 UTC−0.0379%/8h= −41.5% APRpaid last 24h +0.077%
Price spread now: HTX against edgeX+0.023%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs+$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days+0.829%+$83 on $10k
+Price spread, last 3 days (all we have)+0.051%+$5 · spread now +0.023%, 7d avg +0.047%
=Together, before fees+0.879%+ Points / potential airdropedgeX: Active · farm board+$88 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and HTX is 0.024% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.047%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.829%, 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 | 773.95 | 0.0379 | pay 0.0189% / 4h | 1h 45m | $639K | $241K | 20x |
| Short | HTX SPY-USDT | 774.13 | 0 | get 0.0000% / 8h | 1h 45m | $308K | $20K | 50x |
edgeX SPYUSDC
HTX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$79.54
- Price spread: +0.023% → +0.047%
- −$2.43
- Slippage, 4 orders
- −$19.41
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$122.37
- Costs to cover
- 0.404%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 39 min ago; HTX: live order book, 37 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, 39 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell HTX live order book, 37 min ago | 2.45 bp | 12.6 bp −$13 | 14.4 bp −$144 | 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 | 774.07 | +0.015% | $414K | $704K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.26 | −0.089% | $949K | $1.3M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.44 | −0.066% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.01 | +0.008% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.06 | +0.014% | $28.2M | $84.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.04 | +0.012% | $6.2M | $2.2M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.14 | +0.024% | $8.0M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.50 | −0.058% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.07 | +0.015% | $25.4M | $12.1M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.09 | +0.018% | $157K | $430K | 10x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.09 | +0.147% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDTshort | 0.0000% | 8h | 774.13 | +0.023% | $308K | $20K | 50x | |
| Lighter SPY | +0.0032% | 1h | 773.93 | −0.003% | $8.6M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.36 | +0.053% | $56.4M | $120.2M | 50x | as long as short |
| Bitget SPYUSDT | +0.0037% | 8h | 773.99 | +0.005% | $10.8M | $2.9M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.94 | −0.131% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.32 | −0.082% | $4.8M | $921K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.52 | −0.056% | $955K | $648K | 20x | as long as short |
| Nado SPY-PERP | +0.0076% | 1h | 773.71 | −0.032% | $1.5M | $309K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.54 | −0.053% | $2.5M | $982K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.60 | −0.045% | $154K | $16K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.07 | +0.015% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.58 | −0.048% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0164% | 1h | 773.96 | +0.001% | $23K | $75K | 20x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.27 | +0.041% | $6.9M | $5.4M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.10 | +0.019% | $10K | — | 26x | as long as short |
| edgeX SPYUSDClong | +0.0379% | 4h | 773.95 | long leg | $639K | $241K | 20x |
SunX SPY-USDT
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]