Settings8H · net · $10k
Funding arb · Price arb /

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%
Price spread now: KuCoin against Aevo−0.014%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo SPY-PERP773.570.0104pay 0.0013% / 1h47m 53s$87K10x
ShortKuCoin SPYUSDTM773.460.0100get 0.0100% / 8h1h 47m$2.5M$981K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.84
Price spread: −0.014% → 0.000%
−$1.37
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$30.21
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell KuCoin live order book, 4 min ago2.00 bp12.3 bp −$12774.9 bp −$7,749doesn't fitdoesn't fit
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SPY-USDT−0.0120%8h774.05+0.063%$414K$704K50xas long as short
Arcus SPY-USD−0.0112%1h773.27−0.038%$949K$1.3M50xas long as short
Phoenix SPY−0.0041%1h773.52−0.006%$161K$296K20xas long as short
Aster SPYUSDT0.0000%8h773.89+0.042%$862K$269K20xas long as short
Binance SPYUSDT0.0000%8h773.99+0.055%$28.3M$84.6M50xas long as short
Bybit SPYUSDT0.0000%8h774.04+0.061%$6.2M$2.2M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.13+0.073%$8.0M$3.5M50xas long as short
Gate SPY_USDT0.0000%8h773.42−0.019%$746K$2.2M75xas long as short
MEXC SPY_USDT0.0000%8h773.97+0.052%$26.0M$12.0M100xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.09+0.068%$157K$454K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDT0.0000%8h775.03+0.189%$1K$1.6M10xas long as short
HTX SPY-USDT0.0000%8h774.17+0.078%$308K$20K50xas long as short
Lighter SPY+0.0032%1h773.80+0.030%$8.6M$22.3M50xas long as short
Lighter RH SPY+0.0032%1h774.29+0.094%$56.3M$120.1M50xas long as short
Bitget SPYUSDT+0.0038%8h773.99+0.055%$10.8M$3.0M50xas long as short
Vest SPY-USD-PERP+0.0046%1h772.84−0.094%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.34−0.029%$4.8M$920K20xas long as short
Coinbase International SPY-PERP-INTX+0.0064%1h773.52−0.006%$955K$648K20xas long as short
Nado SPY-PERP+0.0075%1h773.71+0.019%$1.5M$309K20xas long as short
KuCoin SPYUSDTMshort+0.0100%8h773.46−0.014%$2.5M$981K20x
ApeX Omni SPYUSDT+0.0100%1h773.56−0.001%$154K$16K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h773.99+0.055%$1K20xas long as short
Aevo SPY-PERPlong+0.0104%1h773.57long leg$87K10x
Deribit SPY_USDC-PERPETUAL+0.0138%1h773.82+0.033%$23K$75K20xas long as short
RISEx SPY/USDC+0.0204%1h774.29+0.094%$6.9M$5.4M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0208% / S −0.0429%1h773.97+0.052%$10K26xas long as short
edgeX SPYUSDC+0.0390%4h773.96+0.051%$639K$241K20xas long as short