Funding you earn now, next payment 08:00 UTC+0.0370%/8h= +40.5% APRpaid last 24h +0.025%
Price spread now: edgeX against Gate+0.044%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$460.455% of the position
Funding, last 7 days−0.794%−$79 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.044%, 7d avg +0.016%
=Together, before fees−0.822%+ Points / potential airdropedgeX: Active · farm board−$82 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.027% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.794%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 773.91 | 0 | get 0.0000% / 8h | 2h 13m | $770K | $2.4M | 75x |
| Short | edgeX SPYUSDC | 774.25 | 0.0370 | get 0.0185% / 4h | 2h 13m | $640K | $243K | 20x |
Gate SPY_USDT
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Gate. 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
- $77.62
- Price spread: +0.044% → +0.016%
- $2.72
- Slippage, 4 orders
- −$21.53
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $34.82
- Costs to cover
- 0.455%
- Break-even
- 3.9 days
Slippage from Gate: live order book, 5 min ago; edgeX: live order book, 36 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 Gate live order book, 5 min ago | 2.52 bp | 10.5 bp −$11 | 14.9 bp −$149 | 56.8 bp −$5,678 | doesn't fit |
| Sell edgeX live order book, 36 min ago | 5.17 bp | 9.7 bp −$10 | 10.5 bp −$105 | 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 | 774.10 | +0.025% | $416K | $473K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.87 | −0.005% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0053% | 1h | 774.27 | +0.046% | $1.6M | $263K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.29 | +0.049% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.46 | +0.071% | $28.5M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.33 | +0.054% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.34 | +0.056% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.91 | long leg | $770K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.46 | +0.071% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.52 | +0.079% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.36 | +0.058% | $169K | $350K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.60 | +0.218% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.34 | +0.056% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.36 | +0.058% | $300K | $37K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.65 | +0.096% | $7.0M | $4.5M | 25x | as long as short |
| ApeX Omni SPYUSDT | +0.0021% | 1h | 773.14 | −0.099% | $164K | $25K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0027% | 1h | 773.42 | −0.063% | $4.7M | $832K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.64 | −0.035% | $927K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.49 | −0.054% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.92 | +0.131% | $56.3M | $119.5M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.77 | −0.018% | $950K | $558K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.62 | −0.037% | $2.5M | $988K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.059% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.88 | −0.004% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0120% | 1h | 774.61 | +0.090% | $8.2M | $19.4M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.47 | +0.072% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0370% | 4h | 774.25 | +0.044% | $640K | $243K | 20x |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
RISEx SPY/USDC
ApeX Omni SPYUSDT
Ondo Perps SPY-USD.P
Arcus SPY-USD
Vest SPY-USD-PERP
Lighter RH SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]