SPY

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	DeribitSPY_USDC-PERPETUAL	760.88	+0.1316	pay 0.0165% / 1h	35m 47s	$1.1M	$455K	20x	Long Deribit
SHORT	TxFlowSPY-USDC	761.53	+0.0052	get 0.0006% / 1h	35m 47s	$2.5M	$805K	20x	Short TxFlow5% off

Price gap+0.085%

Funding gap−0.1264% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $38 a day and eats that in about 2 hours. At the last 7 days' pace that is about 5 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$120−0.1264% /8h now · paid −1.200% over the last 7D

Price+$4spread +0.085% now, avg +0.050% → +0.036% if it goes back

Costs−$190.193% of $10k · taker + slippage, in and out

Result−$136−1.36%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.085%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SPY on 33 exchanges

lowest funding first

Before you open

4 ok · 1 to watch

OK: Fits both order books3.6 / 6.1 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $500
Deribit 20x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$37.93Long Deribit: 24 payments, −$39.49; short TxFlow: 24 payments, +$1.56.
OK: Entry gap works for you+0.085% vs +0.050%
You short the dearer leg. If the gap goes back to average, the short gains.
Note: Long leg is thinner$1.1M vs $2.5M OI
Both legs are deep; Deribit is the smaller one.
OK: Points on a legTxFlow points
Volume here counts toward the points program.
Watch: KYCDeribit Yes · TxFlow No
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0571%/8h × 21 periods−$119.98

Price spread+0.085% → +0.050% (7d avg)+$3.55

Slippage, 4 orderslive order books−$3.28

Fee Deribit bp × 2 orders−$7.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$135.71

Costs to cover0.193%Break-evennever at this rate

Slippage: Deribit: live order book, 3 min ago; TxFlow: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGDeribit0.073.6 bp−$46.6 bp−$66doesn’t fitdoesn’t fit

SELL · SHORTTxFlow1.516.1 bp−$610.0 bp−$10047.5 bp−$4,754251.5 bp−$125.7K

Closing costs about the same again.

SPY news

posts that mention SPY or SPDR S&P 500 ETF, from every exchangeSearch all news →

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09-28 18:50	Aevo	Other	bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
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SPY