Funding you earn now, next payment 20:00 UTC−0.0091%/8hpaid last 24h +0.132%
Price spread now: Arcus against edgeX−0.080%54s7-day average −0.064% · you buy dearer than you sell
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−$290.292% of the position
Funding, last 3 days (all we have)+0.527%+$53 on $10k
+Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.080%, 7d avg −0.064%
=Together, before fees+0.564%+ Points / potential airdropedgeX: Active · farm board+$56 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.527%, so the current rate has only just turned against you. 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 | edgeX SPYUSDC | 774.86 | 0.0131 | pay 0.0066% / 4h | 22m 34s | $640K | $240K | 20x |
| Short | Arcus SPY-USD | 774.24 | 0.0040 | get 0.0005% / 1h | 22m 34s | $951K | $1.3M | 50x |
edgeX SPYUSDC
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against edgeX. 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
- −$19.15
- Price spread: −0.080% → −0.064%
- −$1.51
- Slippage, 4 orders
- −$15.68
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$49.84
- Costs to cover
- 0.292%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 10 min ago; Arcus: live order book, 1 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 edgeX live order book, 10 min ago | 3.29 bp | 7.8 bp −$8 | 8.6 bp −$86 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 0.06 bp | 4.4 bp −$4 | 4.6 bp −$46 | 9.1 bp −$912 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0300% | 1h | 774.02 | −0.108% | $161K | $295K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.89 | +0.004% | $422K | $719K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.70 | −0.020% | $865K | $275K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.94 | +0.011% | $28.9M | $85.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.99 | +0.017% | $6.2M | $2.2M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 775.01 | +0.020% | $8.0M | $3.5M | 50x | as long as short |
| RISEx SPY/USDC | 0.0000% | 1h | 775.01 | +0.020% | $6.9M | $5.7M | 25x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.47 | −0.050% | $740K | $2.1M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.93 | +0.009% | $22.6M | $12.3M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.93 | +0.009% | $158K | $509K | 10x | as long as short |
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
RISEx SPY/USDC
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 776.06 | +0.155% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.99 | +0.017% | $308K | $20K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.99 | +0.017% | $8.8M | $21.9M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 775.34 | +0.062% | $56.9M | $126.6M | 50x | as long as short |
| Arcus SPY-USDshort | +0.0040% | 1h | 774.24 | −0.080% | $951K | $1.3M | 50x | |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.95 | −0.117% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 774.16 | −0.090% | $4.8M | $937K | 20x | as long as short |
| Bitget SPYUSDT | +0.0058% | 8h | 775.08 | +0.029% | $10.8M | $3.1M | 50x | as long as short |
| Nado SPY-PERP | +0.0071% | 1h | 774.58 | −0.036% | $1.5M | $306K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0080% | 1h | 774.48 | −0.049% | $936K | $629K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0086% | 1h | 774.87 | +0.002% | $22K | $74K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.36 | −0.064% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.58 | −0.036% | $154K | $32K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.93 | +0.009% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.49 | −0.047% | $87K | — | 10x | as long as short |
| edgeX SPYUSDClong | +0.0131% | 4h | 774.86 | long leg | $640K | $240K | 20x | |
| GMX SPY/USD [ETH-USDC] | L +0.0326% / S −0.1264% | 1h | 774.96 | +0.013% | $25K | — | 53x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Bitget SPYUSDT
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]