Funding you earn now, next payment 00:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h −0.025%
Price spread now: edgeX against Coinbase International+0.059%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$310.305% of the position
Funding, last 7 days−0.825%−$83 on $10k
+Price spread, last 3 days (all we have)−0.060%−$6 · spread now +0.059%, 7d avg +0.058%
=Together, before fees−0.885%+ Points / potential airdropedgeX: Active · farm board−$89 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.825%, 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 | Coinbase International SPY-PERP-INTX | 774.00 | 0.0064 | pay 0.0008% / 1h | 22m 45s | $954K | $554K | 20x |
| Short | edgeX SPYUSDC | 774.45 | 0.0462 | get 0.0231% / 4h | 3h 22m | $640K | $241K | 20x |
Coinbase International SPY-PERP-INTX
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Coinbase International. 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
- $83.66
- Price spread: +0.059% → +0.058%
- $0.07
- Slippage, 4 orders
- −$11.52
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $53.2
- Costs to cover
- 0.305%
- Break-even
- 2.5 days
Slippage from Coinbase International: live order book, 51 min ago; edgeX: live order book, 51 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 Coinbase International live order book, 51 min ago | 0.06 bp | 5.9 bp −$6 | 8.5 bp −$85 | 27.0 bp −$2,699 | doesn't fit |
| Sell edgeX live order book, 51 min ago | 5.16 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 | −0.0101% | 8h | 774.34 | +0.044% | $414K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.61 | −0.050% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.40 | +0.052% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.83 | −0.022% | $780K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.39 | +0.180% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.072% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0007% | 8h | 774.30 | +0.039% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0007% | 8h | 774.12 | +0.015% | $862K | $204K | 20x | as long as short |
| Bitget SPYUSDT | +0.0018% | 8h | 774.46 | +0.059% | $11.0M | $2.2M | 50x | as long as short |
| Binance SPYUSDT | +0.0019% | 8h | 774.21 | +0.027% | $28.5M | $81.4M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
Bitget SPYUSDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0019% | 8h | 774.26 | +0.034% | $29.9M | $11.7M | 100x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.01 | +0.001% | $8.2M | $21.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.42 | +0.054% | $57.3M | $114.2M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.00 | −0.129% | — | $123K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0049% | 8h | 774.66 | +0.086% | $168K | $398K | 10x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.19 | −0.105% | $4.8M | $845K | 20x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.10 | +0.013% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTXlong | +0.0064% | 1h | 774.00 | long leg | $954K | $554K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.85 | −0.019% | $2.5M | $949K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.61 | −0.050% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.24 | +0.031% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | −0.037% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0106% | 1h | 773.79 | −0.027% | $1.5M | $285K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0164% | 1h | 773.99 | −0.001% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.27 | +0.036% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.43 | +0.056% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDCshort | +0.0462% | 4h | 774.45 | +0.059% | $640K | $241K | 20x |
MEXC SPY_USDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
GRVT SPY_USDT_Perp
Ondo Perps SPY-USD.P
Phoenix SPY
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC