Funding you earn now, next payment 08:00 UTC+0.0646%/8h= +70.8% APRpaid last 24h −0.001%
Price spread now: edgeX against Bitget−0.031%74s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as 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−$330.334% of the position
Funding, last 7 days−0.831%−$83 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.031%, 7d avg −0.026%
=Together, before fees−0.794%+ Points / potential airdropedgeX: Active · farm board−$79 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.831%, so the current rate has only just turned in your favour. The two prices were read 74 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 | Bitget SPYUSDT | 774.39 | 0 | get 0.0000% / 8h | 3h 18m | $10.9M | $1.8M | 50x |
| Short | edgeX SPYUSDC | 774.15 | 0.0646 | get 0.0323% / 4h | 3h 18m | $640K | $242K | 20x |
Bitget SPYUSDT
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bitget. 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
- $135.69
- Price spread: −0.031% → −0.026%
- −$0.5
- Slippage, 4 orders
- −$12.37
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $101.81
- Costs to cover
- 0.334%
- Break-even
- 1.7 days
Slippage from Bitget: live order book, 5 min ago; edgeX: live order book, 35 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 Bitget live order book, 5 min ago | 0.06 bp | 7.0 bp −$7 | 10.0 bp −$100 | 14.3 bp −$1,433 | doesn't fit |
| Sell edgeX live order book, 35 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 | 774.28 | −0.014% | $416K | $468K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0012% | 1h | 773.24 | −0.149% | $163K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.75 | −0.083% | $161K | $295K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.07 | −0.041% | $864K | $194K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.28 | −0.014% | $28.3M | $79.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.33 | −0.008% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.18 | −0.027% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.73 | −0.085% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.28 | −0.014% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 774.39 | long leg | $10.9M | $1.8M | 50x |
BloFin SPY-USDT
ApeX Omni SPYUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.31 | −0.010% | $158K | $359K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.39 | +0.129% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.48 | +0.012% | $308K | $20K | 50x | as long as short |
| Nado SPY-PERP | +0.0018% | 1h | 773.99 | −0.052% | $1.5M | $267K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.64 | +0.032% | $56.4M | $117.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.46 | −0.120% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.19 | −0.155% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.12 | −0.164% | $4.7M | $837K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.74 | −0.084% | $950K | $556K | 20x | as long as short |
| Lighter SPY | +0.0080% | 1h | 774.32 | −0.009% | $8.2M | $19.3M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.49 | −0.116% | $2.5M | $975K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.08 | −0.040% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.42 | +0.004% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.68 | −0.092% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0112% | 1h | 774.21 | −0.023% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.28 | −0.014% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0646% | 4h | 774.15 | −0.031% | $640K | $242K | 20x |
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Nado SPY-PERP
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]