Funding you earn now, next payment 08:00 UTC−0.0505%/8h= −55.3% APRpaid last 24h +0.001%
Price spread now: Bitget against edgeX+0.035%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs+$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days+0.831%+$83 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.035%, 7d avg +0.026%
=Together, before fees+0.789%+ 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: −$15 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.831%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX SPYUSDC | 774.42 | 0.0505 | pay 0.0252% / 4h | 2h 03m | $640K | $242K | 20x |
| Short | Bitget SPYUSDT | 774.69 | 0 | get 0.0000% / 8h | 2h 03m | $10.9M | $1.7M | 50x |
edgeX SPYUSDC
Bitget SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$106.02
- Price spread: +0.035% → +0.026%
- $0.88
- Slippage, 4 orders
- −$12.25
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$138.39
- Costs to cover
- 0.332%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 45 min ago; Bitget: live order book, 5 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, 45 min ago | 5.17 bp | 9.7 bp −$10 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 0.06 bp | 7.0 bp −$7 | 8.8 bp −$88 | 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 | 774.10 | −0.041% | $416K | $472K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 774.17 | −0.032% | $161K | $295K | 20x | as long as short |
| ApeX Omni SPYUSDT | −0.0079% | 1h | 773.48 | −0.121% | $164K | $25K | 50x | as long as short |
| Nado SPY-PERP | −0.0056% | 1h | 774.33 | −0.011% | $1.6M | $261K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.34 | −0.011% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.54 | +0.016% | $28.6M | $79.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.56 | +0.018% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.52 | +0.013% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.06 | −0.046% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.53 | +0.014% | $29.7M | $12.5M | 100x | as long as short |
BloFin SPY-USDT
Phoenix SPY
ApeX Omni SPYUSDT
Nado SPY-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDTshort | 0.0000% | 8h | 774.69 | +0.035% | $10.9M | $1.7M | 50x | |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.56 | +0.018% | $169K | $350K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.69 | +0.164% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.72 | +0.039% | $300K | $38K | 50x | as long as short |
| RISEx SPY/USDC | +0.0007% | 1h | 774.73 | +0.041% | $7.0M | $4.3M | 25x | as long as short |
| Ondo Perps SPY-USD.P | +0.0020% | 1h | 773.46 | −0.124% | $4.7M | $832K | 20x | as long as short |
| Lighter RH SPY | +0.0040% | 1h | 774.91 | +0.063% | $56.2M | $120.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.65 | −0.099% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.55 | −0.112% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.77 | −0.084% | $950K | $558K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.75 | −0.086% | $2.5M | $981K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.44 | +0.003% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.97 | −0.058% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 774.65 | +0.030% | $8.1M | $19.4M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0125% | 1h | 774.48 | +0.008% | $23K | $56K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.55 | +0.018% | $10K | — | 26x | as long as short |
| edgeX SPYUSDClong | +0.0505% | 4h | 774.42 | long leg | $640K | $242K | 20x |
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
RISEx SPY/USDC
Ondo Perps SPY-USD.P
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]