Funding you earn now, next payment 08:00 UTC−0.0368%/8h= −40.3% APRpaid last 24h −0.041%
Price spread now: Coinbase International against edgeX+0.149%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs+$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days+0.831%+$83 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.149%, 7d avg −0.056%
=Together, before fees+0.760%+ Points / potential airdropedgeX: Active · farm board+$76 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.204% dearer against edgeX than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of −0.056%): +$20 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 44 hours. Mind the row above: over the last 7 days funding on this pair paid +0.831%, 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 | 772.65 | 0.0424 | pay 0.0212% / 4h | 3h 36m | $638K | $242K | 20x |
| Short | Coinbase International SPY-PERP-INTX | 773.80 | 0.0056 | get 0.0007% / 1h | 36m 58s | $951K | $508K | 20x |
edgeX SPYUSDC
Coinbase International SPY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$77.26
- Price spread: +0.149% → −0.056%
- $20.43
- Slippage, 4 orders
- −$11.99
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$87.82
- Costs to cover
- 0.310%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 62 min ago; Coinbase International: live order book, 61 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, 62 min ago | 5.17 bp | 9.7 bp −$10 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 61 min ago | 0.06 bp | 6.4 bp −$6 | 8.9 bp −$89 | 37.0 bp −$3,697 | 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 | 772.71 | +0.008% | $416K | $439K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.18 | −0.061% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 772.36 | −0.037% | $864K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 772.44 | −0.027% | $28.6M | $75.3M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 772.48 | −0.022% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 772.58 | −0.009% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 772.17 | −0.062% | $793K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 772.54 | −0.014% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 772.75 | +0.013% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.08 | +0.056% | $160K | $340K | 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-USDT | 0.0000% | 8h | 773.76 | +0.144% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 772.88 | +0.030% | $299K | $38K | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 772.76 | +0.014% | $56.6M | $118.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.03 | −0.080% | $920K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.51 | −0.148% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.00 | −0.084% | $4.8M | $849K | 20x | as long as short |
| Coinbase International SPY-PERP-INTXshort | +0.0056% | 1h | 773.80 | +0.149% | $951K | $508K | 20x | |
| Nado SPY-PERP | +0.0077% | 1h | 772.22 | −0.056% | $1.5M | $250K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.15 | −0.065% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.36 | −0.038% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 772.42 | −0.030% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.02 | −0.082% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0120% | 1h | 772.64 | −0.001% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 772.63 | −0.002% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 772.73 | +0.011% | $7.2M | $3.5M | 25x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0216% | 1h | 772.50 | −0.019% | $23K | $55K | 20x | as long as short |
| edgeX SPYUSDClong | +0.0424% | 4h | 772.65 | long leg | $638K | $242K | 20x |
SunX SPY-USDT
HTX SPY-USDT
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-PERP
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
Deribit SPY_USDC-PERPETUAL