Funding you earn now, next payment 00:00 UTC+0.0818%/8h= +89.6% APRpaid last 24h −0.077%
Price spread now: edgeX against GRVT−0.015%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
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 7 days−0.909%−$91 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.015%, 7d avg −0.035%
=Together, before fees−0.925%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board−$93 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and edgeX is 0.020% dearer against GRVT than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.909%, 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 | GRVT SPY_USDT_Perp | 774.24 | 0 | get 0.0000% / 8h | 1h 16m | $157K | $419K | 10x |
| Short | edgeX SPYUSDC | 774.13 | 0.0818 | get 0.0409% / 4h | 1h 16m | $640K | $241K | 20x |
GRVT SPY_USDT_Perp
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against GRVT. 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
- $171.76
- Price spread: −0.015% → −0.035%
- $2.01
- Slippage, 4 orders
- −$14.16
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $141.61
- Costs to cover
- 0.322%
- Break-even
- 1.2 days
Slippage from GRVT: live order book, 1 min ago; edgeX: 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 GRVT live order book, 1 min ago | 1.81 bp | 6.3 bp −$6 | 7.2 bp −$72 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | 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 | 774.11 | −0.017% | $412K | $726K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.16 | −0.140% | $944K | $1.4M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.68 | −0.073% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.09 | −0.020% | $862K | $203K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.10 | −0.019% | $28.2M | $83.3M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.22 | −0.003% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.12 | −0.016% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.64 | −0.078% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.10 | −0.019% | $26.7M | $12.4M | 100x | as long as short |
| GRVT SPY_USDT_Perplong | 0.0000% | 8h | 774.24 | long leg | $157K | $419K | 10x |
BloFin SPY-USDT
Arcus SPY-USD
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.17 | +0.119% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.26 | +0.002% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDT | +0.0019% | 8h | 774.27 | +0.003% | $11.0M | $2.7M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.02 | −0.029% | $8.6M | $22.4M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.38 | +0.017% | $56.7M | $121.8M | 50x | as long as short |
| Nado SPY-PERP | +0.0042% | 1h | 773.76 | −0.063% | $1.5M | $306K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.00 | −0.161% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.37 | −0.113% | $4.8M | $916K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.56 | −0.088% | $955K | $633K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.64 | −0.078% | $2.5M | $983K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.89 | −0.046% | $154K | $20K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.14 | −0.014% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.61 | −0.082% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.30 | +0.008% | $6.9M | $5.3M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.11 | −0.018% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0241% | 1h | 774.07 | −0.023% | $23K | $75K | 20x | as long as short |
| edgeX SPYUSDCshort | +0.0818% | 4h | 774.13 | −0.015% | $640K | $241K | 20x |
SunX SPY-USDT
HTX SPY-USDT
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
Nado SPY-PERP
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL