Funding you earn now, next payment 05:00 UTC−0.0145%/8h= −15.9% APRpaid last 24h −0.003%
Price spread now: Nado against edgeX−0.031%62s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.322% of the position
Funding, last 3 days (all we have)+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.031%, 7d avg −0.022%
=Together, before fees+0.330%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.327%, so the current rate has only just turned against you. The two prices were read 62 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 | edgeX SPYUSDC | 774.14 | 0.0196 | pay 0.0098% / 4h | 3h 41m | $640K | $243K | 20x |
| Short | Nado SPY-PERP | 773.90 | 0.0051 | get 0.0006% / 1h | 41m 43s | $1.5M | $285K | 20x |
edgeX SPYUSDC
Nado SPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$30.54
- Price spread: −0.031% → −0.022%
- −$0.82
- Slippage, 4 orders
- −$16.16
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$63.52
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 12 min ago; Nado: live order book, 2 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, 12 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Nado live order book, 2 min ago | 0.13 bp | 6.5 bp −$7 | 17.0 bp −$170 | 56.9 bp −$5,689 | 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 | −0.004% | $416K | $468K | 50x | as long as short |
| Phoenix SPY | −0.0010% | 1h | 773.90 | −0.031% | $161K | $295K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.21 | +0.009% | $28.1M | $79.3M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.28 | +0.018% | $6.3M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.12 | −0.003% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.74 | −0.052% | $775K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.26 | +0.015% | $29.0M | $12.4M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.36 | +0.028% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.34 | +0.026% | $163K | $374K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.36 | +0.157% | $2K | $1.4M | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
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 | 774.29 | +0.019% | $308K | $20K | 50x | as long as short |
| Aster SPYUSDT | +0.0023% | 8h | 774.21 | +0.009% | $864K | $194K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.54 | −0.078% | $928K | $1.4M | 50x | as long as short |
| ApeX Omni SPYUSDT | +0.0042% | 1h | 773.48 | −0.086% | $163K | $24K | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.11 | −0.133% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.48 | +0.044% | $56.3M | $116.2M | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.22 | −0.119% | $4.8M | $827K | 20x | as long as short |
| Nado SPY-PERPshort | +0.0051% | 1h | 773.90 | −0.031% | $1.5M | $285K | 20x | |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 774.05 | −0.012% | $954K | $552K | 20x | as long as short |
| Lighter SPY | +0.0096% | 1h | 774.25 | +0.014% | $8.2M | $19.2M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.46 | −0.088% | $2.5M | $972K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.12 | −0.003% | $1K | — | 20x | as long as short |
| RISEx SPY/USDC | +0.0100% | 1h | 774.33 | +0.024% | $7.0M | $5.0M | 25x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.70 | −0.057% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0112% | 1h | 774.08 | −0.008% | $23K | $56K | 20x | as long as short |
| edgeX SPYUSDClong | +0.0196% | 4h | 774.14 | long leg | $640K | $243K | 20x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.29 | +0.020% | $10K | — | 26x | as long as short |
HTX SPY-USDT
Aster SPYUSDT
Arcus SPY-USD
ApeX Omni SPYUSDT
Vest SPY-USD-PERP
Lighter RH SPY
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
RISEx SPY/USDC
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
GMX SPY/USD [ETH-USDC]