Funding you earn now, next payment 00:00 UTC+0.0762%/8h= +83.4% APRpaid last 24h −0.110%
Price spread now: edgeX against Nado+0.067%62s7-day average +0.021% · you sell dearer than you buy
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−$320.319% of the position
Funding, last 3 days (all we have)−0.409%−$41 on $10k
+Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.067%, 7d avg +0.021%
=Together, before fees−0.452%+ Points / potential airdropNado: Active · edgeX: Active · farm board−$45 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and edgeX is 0.046% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 3 days funding on this pair cost −0.409%, so the current rate has only just turned in your favour. 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 | Nado SPY-PERP | 773.96 | 0.0088 | pay 0.0011% / 1h | 12m 37s | $1.5M | $293K | 20x |
| Short | edgeX SPYUSDC | 774.47 | 0.0850 | get 0.0425% / 4h | 12m 37s | $640K | $242K | 20x |
Nado SPY-PERP
edgeX SPYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Nado. 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
- $159.93
- Price spread: +0.067% → +0.021%
- $4.56
- Slippage, 4 orders
- −$15.88
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $132.61
- Costs to cover
- 0.319%
- Break-even
- 1.2 days
Slippage from Nado: live order book, 6 min ago; edgeX: live order book, 66 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 Nado live order book, 6 min ago | 0.06 bp | 6.9 bp −$7 | 13.9 bp −$139 | 38.4 bp −$3,839 | doesn't fit |
| Sell edgeX live order book, 66 min ago | 5.17 bp | 9.7 bp −$10 | 10.4 bp −$104 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus SPY-USD | −0.0266% | 1h | 773.53 | −0.055% | $941K | $1.4M | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.59 | +0.082% | $412K | $571K | 50x | as long as short |
| Phoenix SPY | −0.0052% | 1h | 773.88 | −0.010% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.38 | +0.054% | $863K | $204K | 20x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.44 | +0.062% | $6.2M | $2.1M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.53 | +0.074% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.90 | −0.007% | $758K | $2.3M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.57 | +0.079% | $28.0M | $11.9M | 100x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.65 | +0.219% | $2K | $1.5M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.84 | +0.114% | $308K | $20K | 50x | as long as short |
Arcus SPY-USD
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
SunX SPY-USDT
HTX SPY-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SPYUSDT | +0.0001% | 8h | 774.59 | +0.082% | $28.6M | $82.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | +0.0012% | 8h | 774.59 | +0.082% | $157K | $411K | 10x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.35 | +0.051% | $8.2M | $22.3M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.68 | +0.093% | $56.9M | $120.1M | 50x | as long as short |
| Bitget SPYUSDT | +0.0039% | 8h | 774.68 | +0.093% | $11.0M | $2.5M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.18 | −0.100% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0047% | 1h | 774.12 | +0.021% | $23K | $58K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.56 | −0.051% | $955K | $583K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.74 | −0.028% | $4.8M | $848K | 20x | as long as short |
| Nado SPY-PERPlong | +0.0088% | 1h | 773.96 | long leg | $1.5M | $293K | 20x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 774.02 | +0.008% | $2.5M | $962K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.98 | +0.003% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.49 | +0.069% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.02 | +0.008% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0110% | 1h | 774.64 | +0.089% | $6.9M | $5.2M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.59 | +0.081% | $10K | — | 26x | as long as short |
| edgeX SPYUSDCshort | +0.0850% | 4h | 774.47 | +0.067% | $640K | $242K | 20x |
Binance SPYUSDT
GRVT SPY_USDT_Perp
Lighter SPY
Lighter RH SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Deribit SPY_USDC-PERPETUAL
Coinbase International SPY-PERP-INTX
Ondo Perps SPY-USD.P
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]