Funding you earn now, next payment 04:00 UTC+0.0788%/8h= +86.3% APRpaid last 24h +0.015%
Price spread now: edgeX against Bybit−0.011%61s7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as 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−$340.340% of the position
Funding, last 7 days−0.766%−$77 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.011%, 7d avg +0.008%
=Together, before fees−0.746%+ Points / potential airdropedgeX: Active · farm board−$75 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.766%, so the current rate has only just turned in your favour. The two prices were read 61 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 | Bybit SPYUSDT | 774.41 | 0 | get 0.0000% / 8h | 5h 46m | $6.3M | $2.0M | 100x |
| Short | edgeX SPYUSDC | 774.32 | 0.0788 | get 0.0394% / 4h | 1h 46m | $640K | $242K | 20x |
Bybit SPYUSDT
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bybit. 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
- $165.46
- Price spread: −0.011% → +0.008%
- −$1.87
- Slippage, 4 orders
- −$13.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $129.61
- Costs to cover
- 0.340%
- Break-even
- 1.5 days
Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 17 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 Bybit live order book, 1 min ago | 0.39 bp | 7.2 bp −$7 | 10.6 bp −$106 | 24.7 bp −$2,468 | doesn't fit |
| Sell edgeX live order book, 17 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 | −0.0112% | 8h | 774.41 | 0.000% | — | $474K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.0062% | 1h | 772.87 | −0.199% | $162K | $24K | 50x | as long as short |
| Phoenix SPY | −0.0021% | 1h | 773.72 | −0.089% | $161K | $295K | 20x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 774.41 | long leg | $6.3M | $2.0M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.52 | +0.014% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.85 | −0.072% | $780K | $2.4M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.52 | +0.014% | $10.9M | $2.0M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.50 | +0.012% | $161K | $380K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.52 | +0.143% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.74 | +0.043% | $308K | $20K | 50x | as long as short |
BloFin SPY-USDT
ApeX Omni SPYUSDT
Phoenix SPY
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | +0.0002% | 8h | 774.47 | +0.008% | $863K | $203K | 20x | as long as short |
| MEXC SPY_USDT | +0.0007% | 8h | 774.37 | −0.005% | $22.6M | $11.8M | 100x | as long as short |
| Binance SPYUSDT | +0.0008% | 8h | 774.39 | −0.003% | $28.4M | $79.9M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0034% | 1h | 774.04 | −0.048% | $23K | $55K | 20x | as long as short |
| Nado SPY-PERP | +0.0037% | 1h | 773.93 | −0.062% | $1.5M | $288K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.48 | −0.120% | $935K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.14 | −0.164% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.52 | −0.115% | $4.8M | $842K | 20x | as long as short |
| Lighter SPY | +0.0056% | 1h | 774.31 | −0.013% | $8.3M | $21.0M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.046% | $954K | $552K | 20x | as long as short |
| RISEx SPY/USDC | +0.0097% | 1h | 774.46 | +0.006% | $7.0M | $5.2M | 25x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.64 | −0.099% | $2.5M | $973K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.28 | −0.017% | $1K | — | 20x | as long as short |
| Lighter RH SPY | +0.0104% | 1h | 774.67 | +0.034% | $56.6M | $112.6M | 50x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.79 | −0.080% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.39 | −0.002% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0788% | 4h | 774.32 | −0.011% | $640K | $242K | 20x |
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDT
Deribit SPY_USDC-PERPETUAL
Nado SPY-PERP
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter SPY
Coinbase International SPY-PERP-INTX
RISEx SPY/USDC
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Lighter RH SPY
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]