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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%
Price spread now: Bybit against Bitget−0.018%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$290.286% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.037%−$4 on $10k
Price spread, last 7 days−0.028%−$3 · spread now −0.018%, 7d avg −0.021%
Together, before fees−0.065%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SPYUSDT774.420get 0.0000% / 8h4h 48m$10.9M$1.9M50x
ShortBybit SPYUSDT774.280get 0.0000% / 8h4h 48m$6.3M$2.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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
Price spread: −0.018% → −0.021%
$0.31
Slippage, 4 orders
−$5.62
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$28.31
Costs to cover
0.286%
Break-even
never at this rate
Slippage from Bitget: live order book, just now; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, just now0.06 bp7.0 bp −$79.4 bp −$9410.9 bp −$1,09020.1 bp −$10.0K
Sell Bybit live order book, 5 min ago0.19 bp7.6 bp −$810.3 bp −$10326.1 bp −$2,611doesn't fit

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−0.0103%8h774.32−0.013%$419K$468K50xas long as short
ApeX Omni SPYUSDT−0.0002%1h773.18−0.160%$162K$24K50xas long as short
Bybit SPYUSDTshort0.0000%8h774.28−0.018%$6.3M$2.0M100x
Gate SPY_USDT0.0000%8h773.72−0.090%$775K$2.4M75xas long as short
Bitget SPYUSDTlong0.0000%8h774.42long leg$10.9M$1.9M50x
Phoenix SPY0.0000%1h773.89−0.068%$161K$295K20xas long as short
SunX SPY-USDT0.0000%8h775.35+0.120%$2K$1.4M10xas long as short
HTX SPY-USDT0.0000%8h774.75+0.043%$308K$20K50xas long as short
OKX SPY-USDT-SWAP+0.0002%8h774.22−0.026%$7.9M$3.2M50xas long as short
GRVT SPY_USDT_Perp+0.0011%8h774.49+0.008%$162K$375K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPY_USDT+0.0016%8h774.25−0.022%$24.7M$11.6M100xas long as short
Binance SPYUSDT+0.0017%8h774.26−0.021%$28.2M$79.6M50xas long as short
Arcus SPY-USD+0.0040%1h773.63−0.102%$931K$1.4M50xas long as short
Aster SPYUSDT+0.0041%8h774.69+0.035%$865K$195K20xas long as short
Vest SPY-USD-PERP+0.0046%1h773.03−0.179%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.36−0.137%$4.8M$841K20xas long as short
Coinbase International SPY-PERP-INTX+0.0064%1h774.05−0.048%$954K$552K20xas long as short
Lighter SPY+0.0072%1h774.22−0.026%$8.3M$19.5M50xas long as short
Lighter RH SPY+0.0072%1h774.51+0.012%$56.4M$112.8M50xas long as short
Nado SPY-PERP+0.0090%1h773.80−0.081%$1.5M$285K20xas long as short
KuCoin SPYUSDTM+0.0100%8h773.72−0.090%$2.5M$979K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.32−0.013%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.69−0.094%$87K10xas long as short
RISEx SPY/USDC+0.0173%1h774.40−0.003%$7.0M$5.0M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.27−0.019%$10K26xas long as short
Deribit SPY_USDC-PERPETUAL+0.0293%1h774.13−0.037%$23K$56K20xas long as short
edgeX SPYUSDC+0.0809%4h774.23−0.025%$640K$242K20xas long as short