Funding you earn now, next payment 01:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h −0.089%
Price spread now: edgeX against GMX+0.023%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.023% dearer against GMX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SPY/USD [ETH-USDC] | 774.27 | L +0.0208% / S −0.0429% | pay 0.0026% / 1h | 22m 24s | $10K | — | 26x |
| Short | edgeX SPYUSDC | 774.45 | 0.0462 | get 0.0231% / 4h | 3h 22m | $640K | $241K | 20x |
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against GMX. 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
- $53.4
- Price spread: +0.023% → 0.000%
- $2.3
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $34.7
- Costs to cover
- 0.210%
- Break-even
- 2.5 days
Slippage unknown: GMX: no order-book sample; edgeX: live order book, 51 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 51 min ago | 5.16 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0101% | 8h | 774.34 | +0.008% | $414K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.56 | −0.092% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.36 | +0.011% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.84 | −0.056% | $780K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.39 | +0.144% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.56 | +0.037% | $308K | $20K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.0007% | 8h | 774.30 | +0.003% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0007% | 8h | 774.14 | −0.017% | $863K | $204K | 20x | as long as short |
| Bitget SPYUSDT | +0.0015% | 8h | 774.46 | +0.024% | $11.0M | $2.2M | 50x | as long as short |
| MEXC SPY_USDT | +0.0018% | 8h | 774.25 | −0.003% | $29.9M | $11.7M | 100x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
SunX SPY-USDT
HTX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
Bitget SPYUSDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0019% | 8h | 774.21 | −0.009% | $28.5M | $81.4M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.01 | −0.034% | $8.2M | $21.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.42 | +0.019% | $57.3M | $114.2M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.95 | −0.171% | — | $123K | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0049% | 8h | 774.66 | +0.050% | $168K | $398K | 10x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.19 | −0.140% | $4.8M | $845K | 20x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.10 | −0.023% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.036% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | −0.057% | $2.5M | $949K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.61 | −0.086% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.16 | −0.015% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.72 | −0.072% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0108% | 1h | 773.78 | −0.064% | $1.5M | $285K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0164% | 1h | 773.99 | −0.037% | $23K | $55K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC]long | L +0.0208% / S −0.0429% | 1h | 774.27 | long leg | $10K | — | 26x | |
| RISEx SPY/USDC | +0.0320% | 1h | 774.41 | +0.017% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDCshort | +0.0462% | 4h | 774.45 | +0.023% | $640K | $241K | 20x |
Binance SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
GRVT SPY_USDT_Perp
Ondo Perps SPY-USD.P
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC