Funding you earn now, next payment 04:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.002%
Price spread now: edgeX against OKX−0.021%51s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days−0.781%−$78 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.021%, 7d avg +0.001%
=Together, before fees−0.765%+ Points / potential airdropedgeX: Active · farm board−$76 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.023% cheaper against OKX than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.001%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.781%, so the current rate has only just turned in your favour. The two prices were read 51 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 | OKX SPY-USDT-SWAP | 774.52 | 0.0001 | pay 0.0001% / 8h | 5h 04m | $7.9M | $3.3M | 50x |
| Short | edgeX SPYUSDC | 774.35 | 0.0210 | get 0.0105% / 4h | 1h 04m | $640K | $242K | 20x |
OKX SPY-USDT-SWAP
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against OKX. 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
- $43.74
- Price spread: −0.021% → +0.001%
- −$2.28
- Slippage, 4 orders
- −$11.67
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $10.79
- Costs to cover
- 0.307%
- Break-even
- 5.3 days
Slippage from OKX: live order book, 3 min ago; edgeX: live order book, 59 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 OKX live order book, 3 min ago | 0.06 bp | 5.8 bp −$6 | 7.5 bp −$75 | 16.3 bp −$1,633 | doesn't fit |
| Sell edgeX live order book, 59 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 | −0.0106% | 8h | 774.45 | −0.009% | $418K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0094% | 1h | 773.48 | −0.134% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.82 | −0.090% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.65 | +0.017% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.93 | −0.076% | $775K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.59 | +0.009% | $10.9M | $1.9M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.54 | +0.003% | $162K | $375K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.57 | +0.136% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.00 | −0.067% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | +0.027% | $308K | $20K | 50x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SPY-USDT-SWAPlong | +0.0001% | 8h | 774.52 | long leg | $7.9M | $3.3M | 50x | |
| MEXC SPY_USDT | +0.0014% | 8h | 774.44 | −0.010% | $24.0M | $12.1M | 100x | as long as short |
| Binance SPYUSDT | +0.0015% | 8h | 774.45 | −0.009% | $28.3M | $79.6M | 50x | as long as short |
| Aster SPYUSDT | +0.0016% | 8h | 774.53 | +0.001% | $863K | $194K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.68 | −0.108% | $931K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.18 | −0.173% | — | $123K | 50x | as long as short |
| Nado SPY-PERP | +0.0049% | 1h | 774.01 | −0.066% | $1.5M | $292K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.55 | −0.125% | $4.8M | $842K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.061% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0064% | 1h | 774.40 | −0.015% | $8.3M | $21.1M | 50x | as long as short |
| Lighter RH SPY | +0.0096% | 1h | 774.67 | +0.019% | $56.4M | $115.8M | 50x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.59 | +0.009% | $7.0M | $5.0M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.80 | −0.093% | $2.5M | $979K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.36 | −0.021% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.86 | −0.085% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.46 | −0.008% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0210% | 4h | 774.35 | −0.021% | $640K | $242K | 20x |
MEXC SPY_USDT
Binance SPYUSDT
Aster SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Nado SPY-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
Lighter RH SPY
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]