Funding you earn now, next payment 08:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.025%
Price spread now: edgeX against Gate+0.048%52s7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as 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−$440.442% of the position
Funding, last 7 days−0.794%−$79 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.048%, 7d avg +0.016%
=Together, before fees−0.827%+ Points / potential airdropedgeX: Active · farm board−$83 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and edgeX is 0.032% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.794%, so the current rate has only just turned in your favour. The two prices were read 52 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 | Gate SPY_USDT | 773.77 | 0 | get 0.0000% / 8h | 3h 44m | $775K | $2.4M | 75x |
| Short | edgeX SPYUSDC | 774.14 | 0.0196 | get 0.0098% / 4h | 3h 44m | $640K | $243K | 20x |
Gate SPY_USDT
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Gate. 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
- $41.19
- Price spread: +0.048% → +0.016%
- $3.22
- Slippage, 4 orders
- −$20.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $0.24
- Costs to cover
- 0.442%
- Break-even
- 7.0 days
Slippage from Gate: live order book, 3 min ago; edgeX: live order book, 9 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 Gate live order book, 3 min ago | 4.46 bp | 12.1 bp −$12 | 17.5 bp −$175 | 62.7 bp −$6,269 | doesn't fit |
| Sell edgeX live order book, 9 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | 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 | 774.11 | +0.044% | $416K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.90 | +0.017% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.29 | +0.067% | $28.1M | $79.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.28 | +0.066% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.12 | +0.045% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 773.77 | long leg | $775K | $2.4M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 774.29 | +0.067% | $29.0M | $12.3M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.37 | +0.078% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.32 | +0.071% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.35 | +0.204% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SPY-USDT | 0.0000% | 8h | 774.47 | +0.090% | $308K | $20K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0021% | 1h | 774.04 | +0.035% | $23K | $56K | 20x | as long as short |
| Aster SPYUSDT | +0.0024% | 8h | 774.27 | +0.065% | $864K | $194K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.52 | −0.032% | $935K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.16 | −0.079% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.41 | −0.047% | $4.8M | $827K | 20x | as long as short |
| Nado SPY-PERP | +0.0055% | 1h | 773.96 | +0.024% | $1.5M | $285K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | +0.036% | $954K | $552K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.56 | +0.102% | $56.4M | $115.4M | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0066% | 1h | 773.15 | −0.080% | $162K | $24K | 50x | as long as short |
| Lighter SPY | +0.0096% | 1h | 774.31 | +0.070% | $8.2M | $19.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.47 | −0.039% | $2.5M | $973K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.19 | +0.054% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.41 | +0.083% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.70 | −0.009% | $87K | — | 10x | as long as short |
| edgeX SPYUSDCshort | +0.0196% | 4h | 774.14 | +0.048% | $640K | $243K | 20x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.29 | +0.068% | $10K | — | 26x | as long as short |
HTX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Aster SPYUSDT
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-PERP
Coinbase International SPY-PERP-INTX
Lighter RH SPY
ApeX Omni SPYUSDT
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]