Funding arb · Price arb /

SPY

RWAall SPY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.054%

Price spread now: Aevo against BloFin−0.100%53s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.431%+$43 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.100% cheaper against BloFin than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 36 hours of funding at the current rate (+$7 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPY-USDT	774.65	−0.0120	get 0.0120% / 8h	4h 31m	$420K	$401K	50x
Short	Aevo SPY-PERP	773.88	0.0104	get 0.0013% / 1h	31m 40s	$87K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.100%Rate

Funding earned: $47.04
Price spread: −0.100% → 0.000%: −$9.99
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: $9.05
Costs to cover: 0.280%
Break-even: 5.7 days

Slippage unknown: BloFin: live order book, 7 min ago; Aevo: no order-book sample. 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 BloFin live order book, 7 min ago	0.06 bp	6.1 bp −$6	6.1 bp −$61	8.5 bp −$849	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 exchanges

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-USDTlong	−0.0120%	8h	774.65	long leg	$420K	$401K	50x
Arcus SPY-USD	−0.0042%	1h	773.57	−0.139%	$1.0M	$1.4M	50x	as long as short
Aster SPYUSDT	0.0000%	8h	774.16	−0.063%	$862K	$207K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.44	−0.027%	$28.4M	$74.5M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.50	−0.019%	$6.2M	$1.5M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.46	−0.025%	$7.8M	$3.1M	50x	as long as short
RISEx SPY/USDC	0.0000%	1h	774.46	−0.024%	$7.1M	$3.1M	25x	as long as short
Gate SPY_USDT	0.0000%	8h	774.06	−0.076%	$805K	$2.5M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.43	−0.028%	$29.5M	$13.4M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.61	−0.005%	$11.1M	$1.6M	50x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SPY_USDT_Perp	0.0000%	8h	774.54	−0.014%	$164K	$372K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.65	+0.129%	$2K	$1.1M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	774.24	−0.053%	$24K	$38K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	774.64	−0.001%	$300K	$25K	50x	as long as short
Phoenix SPY	+0.0010%	1h	773.97	−0.088%	$158K	$74K	20x	as long as short
Nado SPY-PERP	+0.0017%	1h	774.32	−0.043%	$1.5M	$276K	20x	as long as short
Lighter SPY	+0.0032%	1h	774.31	−0.044%	$7.8M	$16.2M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	774.64	−0.001%	$57.2M	$115.7M	50x	as long as short
edgeX SPYUSDC	+0.0035%	4h	774.22	−0.056%	$640K	$243K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0040%	1h	774.26	−0.050%	$952K	$172K	20x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.46	−0.154%	—	$85K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.56	−0.141%	$4.8M	$828K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.78	−0.112%	$2.5M	$1.0M	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	774.07	−0.075%	$226K	$54K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.37	−0.036%	$1K	—	20x	as long as short
Aevo SPY-PERPshort	+0.0104%	1h	773.88	−0.100%	$87K	—	10x
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.52	−0.016%	$10K	—	26x	as long as short