SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0190%/8h= +20.8% APRpaid last 24h +0.084%

Price spread now: RISEx against Bybit+0.017%7-day average +0.003% · 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−$220.216% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.105%+$10 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.017%, 7d avg +0.003%

Together, before fees+0.118%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$6 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	774.35	0	get 0.0000% / 8h	6h 16m	$6.3M	$2.0M	100x
Short	RISEx SPY/USDC	774.48	0.0190	get 0.0024% / 1h	16m 23s	$7.0M	$5.2M	25x

Funding history

latest

Range statsloading…

RISEx 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 RISExbpOrdersPrice spread, now +0.017%Rate

Slippage from Bybit: live order book, 2 min ago; RISEx: live order book, 3 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, 2 min ago	0.71 bp	7.9 bp −$8	10.1 bp −$101	30.6 bp −$3,055	doesn't fit
Sell RISEx live order book, 3 min ago	0.06 bp	3.4 bp −$3	3.9 bp −$39	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
Bybit SPYUSDTlong	0.0000%	8h	774.35	long leg	$6.3M	$2.0M	100x
OKX SPY-USDT-SWAP	0.0000%	8h	774.35	0.000%	$7.9M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.93	−0.054%	$780K	$2.3M	75x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.55	+0.026%	$10.9M	$2.1M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.36	+0.001%	$162K	$379K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.48	+0.146%	$2K	$1.5M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.64	+0.037%	$308K	$20K	50x	as long as short
Aster SPYUSDT	+0.0004%	8h	774.42	+0.008%	$863K	$204K	20x	as long as short
MEXC SPY_USDT	+0.0014%	8h	774.35	0.000%	$20.3M	$12.0M	100x	as long as short
Binance SPYUSDT	+0.0014%	8h	774.35	0.000%	$28.4M	$80.3M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SPY_USDC-PERPETUAL	+0.0021%	1h	774.16	−0.025%	$23K	$55K	20x	as long as short
Lighter SPY	+0.0032%	1h	774.27	−0.010%	$8.3M	$21.4M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.42	−0.120%	$935K	$1.4M	50x	as long as short
Phoenix SPY	+0.0041%	1h	773.80	−0.071%	$161K	$296K	20x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.22	−0.146%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.62	−0.094%	$4.8M	$841K	20x	as long as short
Lighter RH SPY	+0.0064%	1h	774.79	+0.057%	$56.8M	$114.3M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0088%	1h	773.74	−0.079%	$954K	$556K	20x	as long as short
Nado SPY-PERP	+0.0097%	1h	774.03	−0.042%	$1.5M	$288K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.61	−0.096%	$2.5M	$961K	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	773.99	−0.046%	$160K	$23K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.32	−0.004%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.75	−0.077%	$87K	—	10x	as long as short
RISEx SPY/USDCshort	+0.0190%	1h	774.48	+0.017%	$7.0M	$5.2M	25x
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.36	+0.001%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0256%	4h	774.20	−0.019%	$640K	$242K	20x	as long as short