Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h −0.025%
Price spread now: Bybit against edgeX−0.002%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs+$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$330.334% of the position
Funding, last 7 days+0.794%+$79 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.002%, 7d avg −0.007%
=Together, before fees+0.764%+ Points / potential airdropedgeX: Active · farm board+$76 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.794%, 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 | 774.28 | 0.0057 | pay 0.0029% / 4h | 1h 15m | $640K | $243K | 20x |
| Short | Bybit SPYUSDT | 774.27 | 0 | get 0.0000% / 8h | 1h 15m | $6.2M | $1.7M | 100x |
edgeX SPYUSDC
Bybit SPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$11.97
- Price spread: −0.002% → −0.007%
- $0.49
- Slippage, 4 orders
- −$13.39
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$44.88
- Costs to cover
- 0.334%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 29 min ago; Bybit: 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, 29 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.26 bp | 7.5 bp −$7 | 10.7 bp −$107 | 31.1 bp −$3,113 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0262% | 1h | 773.48 | −0.104% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | −0.024% | $418K | $472K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 773.86 | −0.055% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0026% | 1h | 773.40 | −0.114% | $4.8M | $870K | 20x | as long as short |
| Nado SPY-PERP | −0.0022% | 1h | 774.11 | −0.023% | $1.6M | $252K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.34 | +0.007% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.38 | +0.012% | $28.7M | $78.9M | 50x | as long as short |
| Bybit SPYUSDTshort | 0.0000% | 8h | 774.27 | −0.002% | $6.2M | $1.7M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.40 | +0.015% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.84 | −0.057% | $770K | $2.5M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Ondo Perps SPY-USD.P
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.42 | +0.018% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.53 | +0.032% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | +0.019% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.51 | +0.159% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.05 | −0.030% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.68 | +0.051% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.36 | +0.010% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.58 | +0.038% | $56.5M | $120.1M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | −0.047% | $950K | $532K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.54 | −0.096% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.51 | +0.029% | $7.1M | $4.1M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.38 | −0.117% | — | $123K | 50x | as long as short |
| edgeX SPYUSDClong | +0.0057% | 4h | 774.28 | long leg | $640K | $243K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.49 | −0.102% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.17 | −0.015% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.84 | −0.057% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.41 | +0.017% | $10K | — | 26x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
RISEx SPY/USDC
Vest SPY-USD-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]