Funding you earn now, next payment 01:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h −0.029%
Price spread now: edgeX against Coinbase International+0.059%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Funding, last 7 days−0.825%−$83 on $10k
+Price spread, last 3 days (all we have)−0.047%−$5 · spread now +0.059%, 7d avg +0.058%
=Together, before fees−0.872%+ Points / potential airdropedgeX: Active · farm board−$87 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.825%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SPY-PERP-INTX | 773.74 | 0.0088 | pay 0.0011% / 1h | 14m 54s | $954K | $556K | 20x |
| Short | edgeX SPYUSDC | 774.20 | 0.0256 | get 0.0128% / 4h | 2h 14m | $640K | $242K | 20x |
Coinbase International SPY-PERP-INTX
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Coinbase International. 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
- $35.22
- Price spread: +0.059% → +0.058%
- $0.18
- Slippage, 4 orders
- −$12.53
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $3.87
- Costs to cover
- 0.315%
- Break-even
- 6.2 days
Slippage from Coinbase International: live order book, 53 min ago; edgeX: live order book, 54 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 Coinbase International live order book, 53 min ago | 0.06 bp | 5.4 bp −$5 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 54 min ago | 5.10 bp | 9.6 bp −$10 | 10.3 bp −$103 | doesn't fit | doesn't fit |
SPY on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SPYUSDT | 0.0000% | 8h | 774.40 | +0.085% | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.36 | +0.080% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.94 | +0.026% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.55 | +0.105% | $10.9M | $2.1M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.36 | +0.080% | $162K | $379K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.49 | +0.226% | $2K | $1.4M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.33 | +0.076% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0004% | 8h | 774.44 | +0.091% | $863K | $204K | 20x | as long as short |
| Binance SPYUSDT | +0.0014% | 8h | 774.34 | +0.077% | $28.3M | $80.3M | 50x | as long as short |
| MEXC SPY_USDT | +0.0014% | 8h | 774.34 | +0.078% | $20.3M | $12.0M | 100x | as long as short |
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
MEXC SPY_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SPY | +0.0032% | 1h | 774.29 | +0.071% | $8.3M | $21.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.42 | −0.041% | $935K | $1.4M | 50x | as long as short |
| Phoenix SPY | +0.0041% | 1h | 773.80 | +0.008% | $161K | $296K | 20x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.21 | −0.068% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.15 | +0.053% | $23K | $55K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.62 | −0.016% | $4.8M | $841K | 20x | as long as short |
| Lighter RH SPY | +0.0064% | 1h | 774.81 | +0.138% | $56.8M | $114.4M | 50x | as long as short |
| Coinbase International SPY-PERP-INTXlong | +0.0088% | 1h | 773.74 | long leg | $954K | $556K | 20x | |
| Nado SPY-PERP | +0.0095% | 1h | 774.03 | +0.037% | $1.5M | $288K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.60 | −0.018% | $2.5M | $962K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.99 | +0.032% | $160K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.34 | +0.078% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.76 | +0.002% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0190% | 1h | 774.49 | +0.097% | $7.0M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.36 | +0.079% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0256% | 4h | 774.20 | +0.059% | $640K | $242K | 20x |
Lighter SPY
Arcus SPY-USD
Phoenix SPY
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Ondo Perps SPY-USD.P
Lighter RH SPY
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]