SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.008%

Price spread now: Bybit against Arcus+0.078%7-day average +0.097% · 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−$27as in the Price arb table

costs, in and out, $10k−$250.253% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.079%−$8 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.078%, 7d avg +0.097%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.097%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPY-USD	773.49	0.0040	pay 0.0005% / 1h	0m 39s	$928K	$1.4M	50x
Short	Bybit SPYUSDT	774.09	0	get 0.0000% / 8h	3h 00m	$6.3M	$1.9M	100x

Funding history

latest

Range statsloading…

Bybit against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee ArcusbpFee BybitbpOrdersPrice spread, now +0.078%Rate

Slippage from Arcus: live order book, 3 min ago; Bybit: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 3 min ago	0.26 bp	4.6 bp −$5	4.9 bp −$49	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.39 bp	7.9 bp −$8	9.8 bp −$98	35.8 bp −$3,575	doesn't fit

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	774.24	+0.097%	$417K	$471K	50x	as long as short
ApeX Omni SPYUSDT	−0.0044%	1h	773.48	−0.001%	$163K	$24K	50x	as long as short
Phoenix SPY	−0.0010%	1h	773.66	+0.022%	$161K	$295K	20x	as long as short
Nado SPY-PERP	−0.0003%	1h	773.92	+0.055%	$1.6M	$275K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	774.07	+0.075%	$864K	$194K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.21	+0.093%	$28.2M	$79.7M	50x	as long as short
Bybit SPYUSDTshort	0.0000%	8h	774.09	+0.078%	$6.3M	$1.9M	100x
OKX SPY-USDT-SWAP	0.0000%	8h	774.15	+0.085%	$7.9M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.72	+0.030%	$775K	$2.4M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.20	+0.092%	$29.7M	$12.5M	100x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPYUSDT	0.0000%	8h	774.34	+0.110%	$10.9M	$1.8M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.28	+0.102%	$158K	$359K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.38	+0.244%	$2K	$1.4M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.54	+0.136%	$308K	$20K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0033%	1h	773.04	−0.058%	$4.7M	$831K	20x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0034%	1h	774.01	+0.067%	$23K	$56K	20x	as long as short
Lighter RH SPY	+0.0040%	1h	774.57	+0.140%	$56.2M	$118.9M	50x	as long as short
Arcus SPY-USDlong	+0.0040%	1h	773.49	long leg	$928K	$1.4M	50x
Vest SPY-USD-PERP	+0.0046%	1h	773.14	−0.045%	—	$123K	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0056%	1h	773.90	+0.053%	$951K	$558K	20x	as long as short
Lighter SPY	+0.0088%	1h	774.32	+0.107%	$8.2M	$19.3M	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.45	−0.005%	$2.5M	$972K	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.15	+0.085%	$1K	—	20x	as long as short
RISEx SPY/USDC	+0.0100%	1h	774.34	+0.110%	$7.0M	$5.0M	25x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.63	+0.018%	$87K	—	10x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.23	+0.095%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0639%	4h	774.09	+0.077%	$640K	$243K	20x	as long as short