Funding you earn now, next payment 12:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.070%
Price spread now: SunX against edgeX+0.199%7-day average +0.157% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$251as in the Price arb table
costs, in and out, $10k−$2552.555% of the position
Funding, last 7 days+0.832%+$83 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.199%, 7d avg +0.157%
=Together, before fees+0.892%+ Points / potential airdropedgeX: Active · farm board+$89 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.042% dearer against edgeX than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.157%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.832%, 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 | 772.26 | 0.0064 | pay 0.0032% / 4h | 3h 20m | $638K | $242K | 20x |
| Short | SunX SPY-USDT | 773.80 | 0 | get 0.0000% / 8h | 7h 20m | $2K | $1.3M | 10x |
edgeX SPYUSDC
SunX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$13.44
- Price spread: +0.199% → +0.157%
- $4.19
- Slippage, 4 orders
- −$238.49
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$264.73
- Costs to cover
- 2.555%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 13 min ago; SunX: 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, 13 min ago | 5.11 bp | 9.6 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 29.09 bp | 128.7 bp −$129 | doesn't fit | 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 | 772.70 | +0.057% | $418K | $408K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.16 | −0.013% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.39 | +0.017% | $860K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.82 | +0.072% | $28.5M | $75.7M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.55 | +0.037% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.80 | +0.070% | $7.8M | $3.2M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.50 | +0.031% | $791K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.84 | +0.075% | $19.1M | $12.2M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.95 | +0.089% | $11.0M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 772.47 | +0.027% | $159K | $330K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDTshort | 0.0000% | 8h | 773.80 | +0.199% | $2K | $1.3M | 10x | |
| HTX SPY-USDT | 0.0000% | 8h | 772.68 | +0.054% | $299K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.08 | +0.106% | $56.8M | $119.8M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 771.83 | −0.056% | $924K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.66 | −0.078% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0048% | 1h | 772.61 | +0.045% | $23K | $55K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 771.82 | −0.057% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 772.19 | −0.009% | $951K | $508K | 20x | as long as short |
| edgeX SPYUSDClong | +0.0064% | 4h | 772.26 | long leg | $638K | $242K | 20x | |
| Nado SPY-PERP | +0.0077% | 1h | 772.34 | +0.010% | $1.5M | $255K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 772.79 | +0.068% | $7.9M | $17.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.11 | −0.020% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.07 | −0.025% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.58 | +0.041% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.04 | −0.029% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.75 | +0.064% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.68 | +0.054% | $7.1M | $3.5M | 25x | as long as short |
HTX SPY-USDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
Lighter SPY
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC