Funding you earn now, next payment 08:00 UTC−0.0990%/8h= −108.4% APRpaid last 24h −0.025%
Price spread now: Gate against edgeX−0.059%67s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs+$34as 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−$450.454% of the position
Funding, last 7 days+0.794%+$79 on $10k
+Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.059%, 7d avg −0.017%
=Together, before fees+0.869%+ Points / potential airdropedgeX: Active · farm board+$87 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Gate is 0.042% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.794%, so the current rate has only just turned against you. The two prices were read 67 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 | 774.22 | 0.0990 | pay 0.0495% / 4h | 50m 19s | $640K | $242K | 20x |
| Short | Gate SPY_USDT | 773.76 | 0 | get 0.0000% / 8h | 50m 19s | $770K | $2.4M | 75x |
edgeX SPYUSDC
Gate SPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$207.83
- Price spread: −0.059% → −0.017%
- −$4.16
- Slippage, 4 orders
- −$21.36
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$257.35
- Costs to cover
- 0.454%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 53 min ago; Gate: live order book, 2 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, 53 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 4.26 bp | 13.7 bp −$14 | 17.0 bp −$170 | 52.8 bp −$5,282 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0234% | 1h | 773.48 | −0.095% | $164K | $25K | 50x | as long as short |
| Phoenix SPY | −0.0155% | 1h | 773.67 | −0.071% | $161K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.016% | $418K | $446K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.27 | +0.007% | $864K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.33 | +0.015% | $28.6M | $76.5M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.05 | −0.021% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.22 | 0.000% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDTshort | 0.0000% | 8h | 773.76 | −0.059% | $770K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.32 | +0.013% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.44 | +0.029% | $10.9M | $1.6M | 50x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.37 | +0.020% | $158K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.41 | +0.154% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.58 | +0.047% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0005% | 1h | 774.00 | −0.029% | $1.5M | $245K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0008% | 1h | 774.13 | −0.011% | $23K | $54K | 20x | as long as short |
| RISEx SPY/USDC | +0.0014% | 1h | 774.52 | +0.039% | $7.1M | $4.1M | 25x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.92 | −0.038% | $950K | $531K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.55 | +0.043% | $56.7M | $117.5M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.63 | −0.076% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.23 | −0.127% | — | $123K | 50x | as long as short |
| Lighter SPY | +0.0048% | 1h | 774.37 | +0.020% | $8.2M | $17.5M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.45 | −0.099% | $4.8M | $866K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.64 | −0.074% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.29 | +0.010% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.77 | −0.058% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.34 | +0.015% | $10K | — | 26x | as long as short |
| edgeX SPYUSDClong | +0.0990% | 4h | 774.22 | long leg | $640K | $242K | 20x |
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Lighter SPY
Ondo Perps SPY-USD.P
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]