SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.026%

Price spread now: Vest against Deribit−0.094%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 Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.094% cheaper against Deribit than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 6.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPY_USDC-PERPETUAL	774.16	0	get 0.0000% / 1h	1m 13s	$23K	$56K	20x
Short	Vest SPY-USD-PERP	773.43	0.0046	get 0.0006% / 1h	1m 13s	—	$123K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.094%Rate

Funding earned: $9.59
Price spread: −0.094% → 0.000%: −$9.43
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$8.84
Costs to cover: 0.090%
Break-even: 13.4 days

Slippage unknown: Deribit: no order-book sample; Vest: 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 Deribit no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Deribit and Vest: 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
ApeX Omni SPYUSDT	−0.0292%	1h	773.22	−0.121%	$164K	$25K	50x	as long as short
BloFin SPY-USDT	−0.0120%	8h	774.09	−0.009%	$418K	$471K	50x	as long as short
Phoenix SPY	−0.0114%	1h	774.06	−0.013%	$161K	$294K	20x	as long as short
Nado SPY-PERP	−0.0027%	1h	774.16	0.000%	$1.6M	$251K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	774.42	+0.033%	$864K	$198K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.44	+0.036%	$28.7M	$78.0M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.22	+0.008%	$6.2M	$1.7M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.37	+0.027%	$7.9M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.82	−0.044%	$770K	$2.5M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.44	+0.036%	$29.7M	$11.9M	100x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPYUSDT	0.0000%	8h	774.54	+0.049%	$10.9M	$1.8M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.42	+0.033%	$158K	$351K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.54	+0.178%	$2K	$1.3M	10x	as long as short
Deribit SPY_USDC-PERPETUALlong	0.0000%	1h	774.16	long leg	$23K	$56K	20x
HTX SPY-USDT	0.0000%	8h	774.66	+0.065%	$300K	$38K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0002%	1h	773.63	−0.068%	$4.8M	$870K	20x	as long as short
Lighter SPY	+0.0032%	1h	774.46	+0.039%	$8.2M	$18.6M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	774.69	+0.068%	$56.7M	$120.9M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0032%	1h	773.92	−0.031%	$950K	$531K	20x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.65	−0.066%	$927K	$1.4M	50x	as long as short
RISEx SPY/USDC	+0.0043%	1h	774.62	+0.059%	$7.1M	$4.1M	25x	as long as short
Vest SPY-USD-PERPshort	+0.0046%	1h	773.43	−0.094%	—	$123K	50x
KuCoin SPYUSDTM	+0.0100%	8h	773.63	−0.068%	$2.5M	$1.0M	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.37	+0.027%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.87	−0.037%	$87K	—	10x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.45	+0.037%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0541%	4h	774.27	+0.014%	$640K	$243K	20x	as long as short