Funding you earn now, next payment 00:00 UTC+0.0385%/8h= +42.2% APRpaid last 24h −0.098%
Price spread now: edgeX against Bitget−0.040%94s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as 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−$330.332% of the position
Funding, last 7 days−0.878%−$88 on $10k
+Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.040%, 7d avg −0.026%
=Together, before fees−0.829%+ Points / potential airdropedgeX: Active · farm board−$83 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.878%, so the current rate has only just turned in your favour. The two prices were read 94 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 | Bitget SPYUSDT | 774.65 | 0.0024 | pay 0.0024% / 8h | 43m 54s | $11.0M | $2.6M | 50x |
| Short | edgeX SPYUSDC | 774.34 | 0.0409 | get 0.0205% / 4h | 43m 54s | $640K | $241K | 20x |
Bitget SPYUSDT
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bitget. 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
- $80.86
- Price spread: −0.040% → −0.026%
- −$1.48
- Slippage, 4 orders
- −$12.17
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $46.21
- Costs to cover
- 0.332%
- Break-even
- 3.0 days
Slippage from Bitget: live order book, 5 min ago; edgeX: live order book, 35 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 Bitget live order book, 5 min ago | 0.06 bp | 6.6 bp −$7 | 8.3 bp −$83 | 11.7 bp −$1,175 | doesn't fit |
| Sell edgeX live order book, 35 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.52 | −0.146% | $940K | $1.5M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.54 | −0.014% | $369K | $726K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.88 | −0.099% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.30 | −0.045% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.52 | −0.017% | $28.6M | $83.0M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.65 | 0.000% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.59 | −0.008% | $7.9M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.97 | −0.088% | $747K | $2.3M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.50 | −0.019% | $27.3M | $11.6M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.64 | −0.001% | $157K | $411K | 10x | as long as short |
Arcus SPY-USD
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.57 | +0.119% | $1K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.78 | +0.017% | $308K | $20K | 50x | as long as short |
| Bitget SPYUSDTlong | +0.0024% | 8h | 774.65 | long leg | $11.0M | $2.6M | 50x | |
| Lighter SPY | +0.0032% | 1h | 774.31 | −0.044% | $8.3M | $21.9M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.69 | +0.005% | $57.0M | $117.6M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.29 | −0.176% | — | $123K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.141% | $955K | $584K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.81 | −0.108% | $4.8M | $852K | 20x | as long as short |
| Nado SPY-PERP | +0.0070% | 1h | 774.02 | −0.081% | $1.5M | $301K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.88 | −0.099% | $2.5M | $974K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.89 | −0.098% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.49 | −0.021% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.96 | −0.089% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.65 | 0.000% | $6.9M | $5.2M | 25x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0138% | 1h | 774.28 | −0.048% | $23K | $58K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.51 | −0.017% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0409% | 4h | 774.34 | −0.040% | $640K | $241K | 20x |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]