Funding you earn now, next payment 00:00 UTC+0.0950%/8h= +104.1% APRpaid last 24h −0.089%
Price spread now: edgeX against Arcus+0.124%54s7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.274% of the position
Funding, last 3 days (all we have)−0.515%−$51 on $10k
+Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.124%, 7d avg +0.067%
=Together, before fees−0.605%+ Points / potential airdropedgeX: Active · farm board−$61 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and edgeX is 0.057% dearer against Arcus than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.067%. Mind the row above: over the last 3 days funding on this pair cost −0.515%, so the current rate has only just turned in your favour. The two prices were read 54 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 | Arcus SPY-USD | 773.51 | −0.0266 | get 0.0033% / 1h | 14m 18s | $941K | $1.4M | 50x |
| Short | edgeX SPYUSDC | 774.47 | 0.0685 | get 0.0342% / 4h | 14m 18s | $640K | $242K | 20x |
Arcus SPY-USD
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Arcus. 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
- $199.59
- Price spread: +0.124% → +0.067%
- $5.75
- Slippage, 4 orders
- −$13.91
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $177.93
- Costs to cover
- 0.274%
- Break-even
- 0.8 days
Slippage from Arcus: live order book, 5 min ago; edgeX: live order book, 64 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 Arcus live order book, 5 min ago | 0.06 bp | 4.5 bp −$4 | 4.5 bp −$45 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 64 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USDlong | −0.0266% | 1h | 773.51 | long leg | $941K | $1.4M | 50x | |
| BloFin SPY-USDT | −0.0120% | 8h | 774.59 | +0.140% | $413K | $571K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.98 | +0.061% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.33 | +0.107% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.59 | +0.139% | $28.6M | $82.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.44 | +0.120% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.53 | +0.132% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.90 | +0.050% | $758K | $2.3M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.58 | +0.138% | $28.0M | $11.9M | 100x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.65 | +0.277% | $2K | $1.5M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.79 | +0.165% | $308K | $20K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0012% | 8h | 774.59 | +0.140% | $157K | $411K | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0021% | 1h | 774.12 | +0.079% | $23K | $58K | 20x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.37 | +0.111% | $8.2M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.68 | +0.151% | $56.9M | $120.0M | 50x | as long as short |
| Bitget SPYUSDT | +0.0037% | 8h | 774.66 | +0.149% | $11.0M | $2.5M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.20 | −0.040% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | +0.006% | $955K | $583K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.74 | +0.030% | $4.8M | $848K | 20x | as long as short |
| Nado SPY-PERP | +0.0086% | 1h | 773.97 | +0.060% | $1.5M | $293K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.97 | +0.059% | $2.5M | $964K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.90 | +0.050% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.51 | +0.129% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.03 | +0.067% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.64 | +0.147% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.59 | +0.139% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0685% | 4h | 774.47 | +0.124% | $640K | $242K | 20x |
HTX SPY-USDT
GRVT SPY_USDT_Perp
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]