SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.006%

Price spread now: OKX against Arcus+0.114%7-day average +0.102% · 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−$20as in the Price arb table

costs, in and out, $10k−$210.207% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.065%−$6 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.114%, 7d avg +0.102%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.102%, 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	773.66	0.0040	pay 0.0005% / 1h	8m 18s	$931K	$1.4M	50x
Short	OKX SPY-USDT-SWAP	774.54	0.0000	get 0.0000% / 8h	5h 08m	$7.9M	$3.3M	50x

Funding history

latest

Range statsloading…

OKX 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 OKXbpOrdersPrice spread, now +0.114%Rate

Slippage from Arcus: live order book, 1 min ago; OKX: live order book, 5 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, 1 min ago	0.13 bp	2.7 bp −$3	3.3 bp −$33	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.06 bp	5.6 bp −$6	7.9 bp −$79	18.4 bp −$1,842	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	−0.0107%	8h	774.50	+0.109%	$417K	$468K	50x	as long as short
ApeX Omni SPYUSDT	−0.0090%	1h	772.89	−0.100%	$162K	$24K	50x	as long as short
Phoenix SPY	−0.0021%	1h	773.86	+0.026%	$161K	$295K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.65	+0.128%	$6.3M	$2.0M	100x	as long as short
Gate SPY_USDT	0.0000%	8h	773.94	+0.036%	$776K	$2.4M	75x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.63	+0.125%	$10.9M	$1.9M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.56	+0.116%	$162K	$375K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.62	+0.253%	$2K	$1.4M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	773.99	+0.043%	$23K	$55K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	774.71	+0.136%	$308K	$20K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SPY-USDT-SWAPshort	0.0000%	8h	774.54	+0.114%	$7.9M	$3.3M	50x
Aster SPYUSDT	+0.0012%	8h	774.47	+0.104%	$863K	$194K	20x	as long as short
MEXC SPY_USDT	+0.0013%	8h	774.48	+0.106%	$24.0M	$12.1M	100x	as long as short
Binance SPYUSDT	+0.0014%	8h	774.45	+0.103%	$28.3M	$79.6M	50x	as long as short
Arcus SPY-USDlong	+0.0040%	1h	773.66	long leg	$931K	$1.4M	50x
Vest SPY-USD-PERP	+0.0046%	1h	773.21	−0.058%	—	$123K	50x	as long as short
Nado SPY-PERP	+0.0050%	1h	774.01	+0.045%	$1.5M	$292K	20x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.56	−0.013%	$4.8M	$842K	20x	as long as short
Lighter SPY	+0.0056%	1h	774.39	+0.094%	$8.3M	$21.1M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0056%	1h	774.05	+0.050%	$954K	$552K	20x	as long as short
Lighter RH SPY	+0.0096%	1h	774.72	+0.137%	$56.4M	$115.5M	50x	as long as short
RISEx SPY/USDC	+0.0097%	1h	774.61	+0.123%	$7.0M	$5.0M	25x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.79	+0.017%	$2.5M	$980K	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.38	+0.093%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.91	+0.032%	$87K	—	10x	as long as short
edgeX SPYUSDC	+0.0185%	4h	774.35	+0.090%	$640K	$241K	20x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.50	+0.109%	$10K	—	26x	as long as short