SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.008%

Price spread now: Arcus against Bybit−0.087%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.244% 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−0.003%$0 · spread now −0.087%, 7d avg −0.097%

Together, before fees+0.076%+$8 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	Bybit SPYUSDT	774.26	0	get 0.0000% / 8h	4h 22m	$6.3M	$2.0M	100x
Short	Arcus SPY-USD	773.59	0.0040	get 0.0005% / 1h	22m 41s	$935K	$1.4M	50x

Funding history

latest

Range statsloading…

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now −0.087%Rate

Slippage from Bybit: live order book, 5 min ago; Arcus: live order book, 1 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	0.77 bp	7.7 bp −$8	10.6 bp −$106	29.9 bp −$2,995	doesn't fit
Sell Arcus live order book, 1 min ago	0.06 bp	6.4 bp −$6	9.6 bp −$96	doesn't fit	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	−0.0111%	8h	774.31	+0.006%	$417K	$468K	50x	as long as short
ApeX Omni SPYUSDT	−0.0012%	1h	773.48	−0.101%	$163K	$24K	50x	as long as short
Bybit SPYUSDTlong	0.0000%	8h	774.26	long leg	$6.3M	$2.0M	100x
OKX SPY-USDT-SWAP	0.0000%	8h	774.37	+0.014%	$7.9M	$3.2M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.92	−0.044%	$776K	$2.4M	75x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.48	+0.028%	$10.9M	$1.8M	50x	as long as short
Phoenix SPY	0.0000%	1h	773.66	−0.077%	$161K	$295K	20x	as long as short
SunX SPY-USDT	0.0000%	8h	775.31	+0.136%	$2K	$1.4M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	774.03	−0.030%	$23K	$56K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	774.51	+0.032%	$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
GRVT SPY_USDT_Perp	+0.0003%	8h	774.37	+0.015%	$163K	$374K	10x	as long as short
MEXC SPY_USDT	+0.0008%	8h	774.29	+0.004%	$26.1M	$12.0M	100x	as long as short
Binance SPYUSDT	+0.0008%	8h	774.29	+0.004%	$28.2M	$79.8M	50x	as long as short
Arcus SPY-USDshort	+0.0040%	1h	773.59	−0.087%	$935K	$1.4M	50x
Vest SPY-USD-PERP	+0.0046%	1h	773.20	−0.137%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.47	−0.102%	$4.8M	$833K	20x	as long as short
Aster SPYUSDT	+0.0056%	8h	774.41	+0.020%	$865K	$196K	20x	as long as short
Lighter RH SPY	+0.0064%	1h	774.70	+0.057%	$56.4M	$114.7M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0064%	1h	774.05	−0.027%	$954K	$552K	20x	as long as short
Lighter SPY	+0.0072%	1h	774.39	+0.017%	$8.3M	$19.5M	50x	as long as short
Nado SPY-PERP	+0.0079%	1h	773.97	−0.037%	$1.5M	$280K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.79	−0.061%	$2.5M	$978K	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.24	−0.003%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.74	−0.067%	$87K	—	10x	as long as short
RISEx SPY/USDC	+0.0173%	1h	774.38	+0.016%	$7.0M	$5.0M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.29	+0.005%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0879%	4h	774.10	−0.020%	$640K	$241K	20x	as long as short