Funding you earn now, next payment 07:00 UTC+0.0880%/8h= +96.3% APRpaid last 24h +0.012%
Price spread now: edgeX against Vest+0.108%7-day average +0.090% · you sell dearer than you buy
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)−0.008%−$1 · spread now +0.108%, 7d avg +0.090%
=Together, before fees−0.383%+ Points / potential airdropVest: Active · edgeX: 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: +$26 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.375%, 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 | Vest SPY-USD-PERP | 773.44 | 0.0046 | pay 0.0006% / 1h | 13m 03s | — | $123K | 50x |
| Short | edgeX SPYUSDC | 774.28 | 0.0925 | get 0.0463% / 4h | 1h 13m | $640K | $243K | 20x |
Vest SPY-USD-PERP
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Vest. 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
- $184.72
- Price spread: +0.108% → +0.090%
- $1.87
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $175.58
- Costs to cover
- 0.110%
- Break-even
- 0.3 days
Slippage unknown: Vest: no order-book sample; edgeX: live order book, 31 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 31 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
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 | −0.0271% | 1h | 772.94 | −0.065% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | +0.084% | $418K | $472K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.99 | +0.071% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0023% | 1h | 773.40 | −0.005% | $4.8M | $870K | 20x | as long as short |
| Nado SPY-PERP | −0.0022% | 1h | 774.11 | +0.086% | $1.6M | $252K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.36 | +0.119% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.50 | +0.137% | $28.7M | $78.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.31 | +0.112% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.31 | +0.112% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.11 | +0.087% | $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 | 774.47 | +0.133% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.57 | +0.146% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.38 | +0.122% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.51 | +0.268% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.18 | +0.096% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.61 | +0.151% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.46 | +0.132% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.69 | +0.162% | $56.6M | $120.3M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | +0.062% | $950K | $532K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.54 | +0.013% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.56 | +0.145% | $7.1M | $4.1M | 25x | as long as short |
| Vest SPY-USD-PERPlong | +0.0046% | 1h | 773.44 | long leg | — | $123K | 50x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.55 | +0.014% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.31 | +0.112% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.84 | +0.052% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.48 | +0.134% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0925% | 4h | 774.28 | +0.108% | $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]