Funding you earn now, next payment 07:00 UTC−0.0648%/8h= −70.9% APRpaid last 24h −0.006%
Price spread now: Nado against edgeX−0.002%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 3 days (all we have)+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.002%, 7d avg −0.022%
=Together, before fees+0.305%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.021% dearer against edgeX than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.022%): +$2 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 3 days funding on this pair paid +0.327%, 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 | 774.11 | 0.0615 | pay 0.0308% / 4h | 1h 50m | $640K | $242K | 20x |
| Short | Nado SPY-PERP | 774.10 | −0.0033 | pay 0.0004% / 1h | 50m 17s | $1.5M | $255K | 20x |
edgeX SPYUSDC
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$136.04
- Price spread: −0.002% → −0.022%
- $2.09
- Slippage, 4 orders
- −$16.19
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$166.14
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 58 min ago; Nado: live order book, 3 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, 58 min ago | 5.17 bp | 9.7 bp −$10 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.13 bp | 6.6 bp −$7 | 14.5 bp −$145 | 54.0 bp −$5,405 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0219% | 1h | 773.48 | −0.082% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.003% | $419K | $473K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.72 | −0.051% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0046% | 1h | 773.12 | −0.128% | $4.7M | $832K | 20x | as long as short |
| Nado SPY-PERPshort | −0.0033% | 1h | 774.10 | −0.002% | $1.5M | $255K | 20x | |
| Aster SPYUSDT | 0.0000% | 8h | 774.17 | +0.007% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.31 | +0.026% | $28.6M | $78.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.21 | +0.013% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.20 | +0.011% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.85 | −0.034% | $770K | $2.4M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Ondo Perps SPY-USD.P
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.26 | +0.019% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.48 | +0.048% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.46 | +0.045% | $169K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.39 | +0.165% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.06 | −0.007% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.058% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.36 | +0.032% | $8.2M | $18.5M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.69 | +0.075% | $56.3M | $117.5M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.77 | −0.044% | $950K | $556K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.084% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.49 | +0.049% | $7.0M | $4.2M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.32 | −0.102% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.49 | −0.080% | $2.5M | $986K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.23 | +0.015% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | −0.051% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.26 | +0.020% | $10K | — | 26x | as long as short |
| edgeX SPYUSDClong | +0.0615% | 4h | 774.11 | long leg | $640K | $242K | 20x |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
RISEx SPY/USDC
Vest SPY-USD-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]