Funding you earn now, next payment 01:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.037%
Price spread now: Nado against edgeX−0.042%62s7-day average −0.022% · 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−$330.327% of the position
Funding, last 3 days (all we have)+0.386%+$39 on $10k
+Price spread, last 3 days (all we have)+0.025%+$2 · spread now −0.042%, 7d avg −0.022%
=Together, before fees+0.410%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$41 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.020% cheaper against edgeX than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of −0.022%). If the spread goes back, that is −$2 on $10k: about 23 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.386% in total) that is about 4 hours. The two prices were read 62 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 | 774.65 | 0.0004 | pay 0.0002% / 4h | 3h 45m | $640K | $242K | 20x |
| Short | Nado SPY-PERP | 774.32 | 0.0075 | get 0.0009% / 1h | 45m 43s | $1.5M | $291K | 20x |
edgeX SPYUSDC
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $14.77
- Price spread: −0.042% → −0.022%
- −$2.04
- Slippage, 4 orders
- −$16.71
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$19.97
- Costs to cover
- 0.327%
- Break-even
- 16.5 days
Slippage from edgeX: live order book, 28 min ago; Nado: live order book, 3 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, 28 min ago | 5.16 bp | 9.7 bp −$10 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.06 bp | 4.7 bp −$5 | 14.2 bp −$142 | 54.3 bp −$5,432 | 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 | −0.0106% | 8h | 774.80 | +0.020% | $412K | $572K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.77 | −0.113% | $937K | $1.4M | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.60 | −0.005% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.92 | +0.035% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.88 | +0.030% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.40 | −0.032% | $763K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.82 | +0.152% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 775.05 | +0.052% | $308K | $20K | 50x | as long as short |
| edgeX SPYUSDClong | +0.0004% | 4h | 774.65 | long leg | $640K | $242K | 20x | |
| MEXC SPY_USDT | +0.0013% | 8h | 774.72 | +0.010% | $28.7M | $11.5M | 100x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0014% | 8h | 774.73 | +0.011% | $28.5M | $81.6M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.36 | −0.037% | $8.2M | $21.5M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.90 | +0.033% | $57.3M | $113.0M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0032% | 8h | 774.80 | +0.020% | $168K | $410K | 10x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.49 | −0.149% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.68 | −0.125% | $4.8M | $847K | 20x | as long as short |
| Bitget SPYUSDT | +0.0052% | 8h | 774.87 | +0.029% | $11.0M | $2.4M | 50x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.20 | −0.057% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.083% | $954K | $559K | 20x | as long as short |
| Nado SPY-PERPshort | +0.0075% | 1h | 774.32 | −0.042% | $1.5M | $291K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.15 | −0.064% | $2.5M | $951K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 774.00 | −0.083% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.70 | +0.007% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.19 | −0.058% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.74 | +0.012% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0215% | 1h | 774.52 | −0.016% | $23K | $59K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.86 | +0.027% | $6.9M | $5.2M | 25x | as long as short |
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
GRVT SPY_USDT_Perp
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Bitget SPYUSDT
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC