SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.07 per $10,000 · paid last 24h −0.025%

Price spread now: ApeX Omni against Deribit−0.023%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. ApeX Omni is 0.023% cheaper against Deribit than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 35 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPY_USDC-PERPETUAL	774.07	0.0047	pay 0.0006% / 1h	6m 29s	$23K	$67K	20x
Short	ApeX Omni SPYUSDT	773.89	0.0100	get 0.0013% / 1h	6m 29s	$158K	$23K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now −0.023%Rate

Funding earned: $11.08
Price spread: −0.023% → 0.000%: −$2.33
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.24
Costs to cover: 0.170%
Break-even: 12.2 days

Slippage unknown: Deribit: no order-book sample; ApeX Omni: live order book, 9 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 9 min ago	2.46 bp	19.0 bp −$19	84.1 bp −$841	doesn't fit	doesn't fit

Deribit: 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 venues

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	−0.0120%	8h	774.27	+0.026%	$413K	$726K	50x	as long as short
Arcus SPY-USD	−0.0112%	1h	773.22	−0.110%	$939K	$1.4M	50x	as long as short
Phoenix SPY	−0.0041%	1h	773.66	−0.053%	$161K	$296K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	774.30	+0.030%	$863K	$204K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.25	+0.023%	$28.5M	$83.5M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.38	+0.040%	$6.2M	$2.1M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.33	+0.034%	$7.9M	$3.4M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.65	−0.054%	$746K	$2.2M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.25	+0.023%	$27.3M	$12.5M	100x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.29	+0.029%	$157K	$419K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPY-USDT	0.0000%	8h	775.32	+0.161%	$2K	$1.5M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.51	+0.057%	$308K	$20K	50x	as long as short
Bitget SPYUSDT	+0.0014%	8h	774.25	+0.023%	$11.0M	$2.7M	50x	as long as short
Lighter SPY	+0.0032%	1h	774.08	+0.001%	$8.6M	$22.4M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	774.46	+0.050%	$57.0M	$122.5M	50x	as long as short
Nado SPY-PERP	+0.0045%	1h	773.84	−0.029%	$1.5M	$304K	20x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.09	−0.127%	—	$123K	50x	as long as short
Deribit SPY_USDC-PERPETUALlong	+0.0047%	1h	774.07	long leg	$23K	$67K	20x
Ondo Perps SPY-USD.P	+0.0050%	1h	773.49	−0.075%	$4.8M	$910K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0064%	1h	773.56	−0.066%	$955K	$630K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.84	−0.030%	$2.5M	$980K	20x	as long as short
ApeX Omni SPYUSDTshort	+0.0100%	1h	773.89	−0.023%	$158K	$23K	50x
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.11	+0.005%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.72	−0.046%	$87K	—	10x	as long as short
RISEx SPY/USDC	+0.0204%	1h	774.39	+0.041%	$6.9M	$5.2M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0208% / S −0.0429%	1h	774.25	+0.024%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0348%	4h	774.08	+0.002%	$640K	$240K	20x	as long as short