Funding you earn now, next payment 07:00 UTC−0.0476%/8h= −52.2% APRpaid last 24h −0.012%
Price spread now: Vest against edgeX−0.107%63s7-day average −0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.375%+$38 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.107%, 7d avg −0.090%
=Together, before fees+0.382%+ Points / potential airdropedgeX: Active · Vest: Active · farm board+$38 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.375%, so the current rate has only just turned against you. The two prices were read 63 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 | 774.12 | 0.0522 | pay 0.0261% / 4h | 1h 29m | $640K | $243K | 20x |
| Short | Vest SPY-USD-PERP | 773.29 | 0.0046 | get 0.0006% / 1h | 29m 41s | — | $123K | 50x |
edgeX SPYUSDC
Vest SPY-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$100.05
- Price spread: −0.107% → −0.090%
- −$1.76
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$112.81
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 14 min ago; Vest: no order-book sample. Net counts fees only.
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, 14 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0225% | 1h | 773.18 | −0.121% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | −0.003% | $419K | $472K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.70 | −0.054% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0034% | 1h | 773.22 | −0.116% | $4.8M | $871K | 20x | as long as short |
| Nado SPY-PERP | −0.0013% | 1h | 774.01 | −0.015% | $1.6M | $255K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.22 | +0.013% | $863K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.33 | +0.027% | $28.6M | $78.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.10 | −0.003% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.21 | +0.012% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.84 | −0.036% | $770K | $2.5M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Ondo Perps SPY-USD.P
Nado SPY-PERP
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 | 774.34 | +0.028% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.44 | +0.041% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.44 | +0.041% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.41 | +0.167% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.96 | −0.021% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.49 | +0.048% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.38 | +0.034% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.62 | +0.065% | $56.2M | $118.8M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | −0.026% | $950K | $555K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.50 | −0.080% | $926K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.49 | +0.048% | $7.1M | $4.2M | 25x | as long as short |
| Vest SPY-USD-PERPshort | +0.0046% | 1h | 773.29 | −0.107% | — | $123K | 50x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.45 | −0.086% | $2.5M | $998K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.19 | +0.009% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.73 | −0.051% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.25 | +0.017% | $10K | — | 26x | as long as short |
| edgeX SPYUSDClong | +0.0522% | 4h | 774.12 | long leg | $640K | $243K | 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
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]