Funding arb · Price arb /

SPY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h +0.012%

Price spread now: MEXC against Aevo+0.075%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. MEXC is 0.075% dearer against Aevo than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SPY-PERP	774.10	0.0104	pay 0.0013% / 1h	28m 29s	$87K	—	10x
Short	MEXC SPY_USDT	774.68	0.0018	get 0.0018% / 8h	7h 28m	$29.3M	$11.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee AevobpFee MEXCbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$18.06
Price spread: +0.075% → 0.000%: $7.5
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; MEXC: live order book, 5 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 Aevo no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	0.06 bp	0.1 bp $0	0.1 bp −$1	0.1 bp −$11	0.9 bp −$440

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPY-USDT	−0.0102%	8h	774.60	+0.065%	$413K	$571K	50x	as long as short
Arcus SPY-USD	−0.0016%	1h	773.70	−0.052%	$937K	$1.4M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.72	+0.080%	$6.3M	$2.0M	100x	as long as short
Gate SPY_USDT	0.0000%	8h	774.25	+0.019%	$780K	$2.3M	75x	as long as short
SunX SPY-USDT	0.0000%	8h	775.77	+0.216%	$2K	$1.5M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.80	+0.091%	$308K	$20K	50x	as long as short
Aster SPYUSDT	+0.0005%	8h	774.63	+0.068%	$863K	$204K	20x	as long as short
OKX SPY-USDT-SWAP	+0.0006%	8h	774.72	+0.080%	$7.9M	$3.3M	50x	as long as short
MEXC SPY_USDTshort	+0.0018%	8h	774.68	+0.075%	$29.3M	$11.6M	100x
Binance SPYUSDT	+0.0018%	8h	774.65	+0.071%	$28.5M	$81.2M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SPY_USDC-PERPETUAL	+0.0021%	1h	774.33	+0.030%	$23K	$55K	20x	as long as short
Bitget SPYUSDT	+0.0026%	8h	774.60	+0.065%	$11.0M	$2.3M	50x	as long as short
Lighter SPY	+0.0032%	1h	774.40	+0.039%	$8.2M	$21.6M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	774.84	+0.096%	$57.3M	$113.9M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.40	−0.090%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.50	−0.077%	$4.8M	$847K	20x	as long as short
GRVT SPY_USDT_Perp	+0.0062%	8h	774.68	+0.075%	$168K	$398K	10x	as long as short
Phoenix SPY	+0.0062%	1h	773.99	−0.014%	$161K	$296K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0064%	1h	774.00	−0.013%	$954K	$554K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.98	−0.015%	$2.5M	$949K	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	773.91	−0.024%	$159K	$23K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.64	+0.070%	$1K	—	20x	as long as short
Nado SPY-PERP	+0.0101%	1h	774.20	+0.013%	$1.5M	$282K	20x	as long as short
Aevo SPY-PERPlong	+0.0104%	1h	774.10	long leg	$87K	—	10x
GMX SPY/USD [ETH-USDC]	L +0.0208% / S −0.0429%	1h	774.65	+0.072%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0241%	4h	774.46	+0.047%	$640K	$242K	20x	as long as short
RISEx SPY/USDC	+0.0320%	1h	774.80	+0.091%	$6.9M	$5.2M	25x	as long as short