Funding you earn now, next payment 04:00 UTC−0.0361%/8h= −39.6% APRpaid last 24h +0.010%
Price spread now: BloFin against edgeX+0.007%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs+$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 7 days+0.616%+$62 on $10k
+Price spread, last 3 days (all we have)+0.021%+$2 · spread now +0.007%, 7d avg +0.018%
=Together, before fees+0.637%+ Points / potential airdropedgeX: Active · farm board+$64 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.616%, 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 | 774.31 | 0.0267 | pay 0.0133% / 4h | 2h 56m | $640K | $242K | 20x |
| Short | BloFin SPY-USDT | 774.36 | −0.0095 | pay 0.0095% / 8h | 6h 56m | $414K | $571K | 50x |
edgeX SPYUSDC
BloFin SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$75.91
- Price spread: +0.007% → +0.018%
- −$1.08
- Slippage, 4 orders
- −$10.38
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$108.37
- Costs to cover
- 0.314%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 12 min ago; BloFin: live order book, 10 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, 12 min ago | 5.10 bp | 9.6 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 10 min ago | 0.06 bp | 6.1 bp −$6 | 6.5 bp −$65 | 8.5 bp −$855 | 16.1 bp −$8,058 |
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-USDTshort | −0.0095% | 8h | 774.36 | +0.007% | $414K | $571K | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 774.48 | +0.022% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.92 | −0.050% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.51 | +0.026% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.53 | +0.158% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.73 | +0.055% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0014% | 8h | 774.38 | +0.009% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0018% | 8h | 774.42 | +0.015% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDT | +0.0025% | 8h | 774.31 | 0.000% | $19.0M | $11.5M | 100x | as long as short |
| Binance SPYUSDT | +0.0025% | 8h | 774.30 | −0.002% | $28.5M | $81.5M | 50x | as long as short |
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
MEXC SPY_USDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.24 | −0.009% | $8.3M | $21.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.60 | +0.038% | $57.6M | $111.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.49 | −0.106% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.15 | −0.150% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.06 | −0.032% | $23K | $55K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.39 | −0.119% | $4.8M | $846K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0059% | 8h | 774.48 | +0.023% | $159K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.83 | −0.062% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0088% | 1h | 774.14 | −0.022% | $955K | $555K | 20x | as long as short |
| Nado SPY-PERP | +0.0096% | 1h | 773.94 | −0.048% | $1.5M | $285K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.78 | −0.068% | $2.5M | $953K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.87 | −0.057% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.40 | +0.012% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.78 | −0.068% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.53 | +0.028% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.32 | +0.001% | $10K | — | 26x | as long as short |
| edgeX SPYUSDClong | +0.0267% | 4h | 774.31 | long leg | $640K | $242K | 20x |
Lighter SPY
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]