Settings8H · net · $10k
Funding arb · Price arb /

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%
Price spread now: Bitget against MEXC+0.016%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$140.142% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.050%−$5 on $10k
Price spread, last 7 days−0.019%−$2 · spread now +0.016%, 7d avg +0.006%
Together, before fees−0.069%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SPY_USDT773.210get 0.0000% / 8h7h 46m$29.6M$11.6M100x
ShortBitget SPYUSDT773.330get 0.0000% / 8h7h 46m$10.9M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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

Funding earned
$0
Price spread: +0.016% → +0.006%
$0.98
Slippage, 4 orders
−$2.15
Fee MEXC: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$13.18
Costs to cover
0.142%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 2 min ago0.06 bp0.1 bp $00.1 bp −$10.1 bp −$60.5 bp −$252
Sell Bitget live order book, 2 min ago0.06 bp6.8 bp −$79.6 bp −$9619.4 bp −$1,93728.7 bp −$14.4K

SPY on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SPY-USDT−0.0120%8h773.25+0.005%$418K$440K50xas long as short
Phoenix SPY−0.0031%1h772.74−0.061%$158K$151K20xas long as short
Aster SPYUSDT0.0000%8h773.31+0.013%$864K$196K20xas long as short
Binance SPYUSDT0.0000%8h773.20−0.002%$28.5M$74.9M50xas long as short
Bybit SPYUSDT0.0000%8h773.19−0.003%$6.2M$1.5M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h773.13−0.010%$7.9M$3.1M50xas long as short
Gate SPY_USDT0.0000%8h773.00−0.027%$793K$2.4M75xas long as short
MEXC SPY_USDTlong0.0000%8h773.21long leg$29.6M$11.6M100x
Bitget SPYUSDTshort0.0000%8h773.33+0.016%$10.9M$1.5M50x
GRVT SPY_USDT_Perp0.0000%8h773.51+0.039%$160K$350K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDT0.0000%8h774.36+0.149%$2K$1.3M10xas long as short
HTX SPY-USDT0.0000%8h773.96+0.097%$300K$38K50xas long as short
edgeX SPYUSDC+0.0001%4h773.14−0.009%$639K$243K20xas long as short
Nado SPY-PERP+0.0032%1h772.74−0.061%$1.5M$250K20xas long as short
Lighter RH SPY+0.0032%1h773.31+0.013%$56.7M$117.3M50xas long as short
Arcus SPY-USD+0.0040%1h772.52−0.089%$920K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h772.07−0.147%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h772.39−0.106%$4.8M$849K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h773.80+0.076%$951K$508K20xas long as short
Deribit SPY_USDC-PERPETUAL+0.0074%1h772.99−0.028%$23K$54K20xas long as short
KuCoin SPYUSDTM+0.0100%8h772.64−0.074%$2.5M$1.0M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h772.82−0.050%$164K$25K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h773.17−0.005%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h772.67−0.070%$87K10xas long as short
Lighter SPY+0.0120%1h773.17−0.005%$7.9M$17.1M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h773.25+0.006%$10K26xas long as short
RISEx SPY/USDC+0.0211%1h773.48+0.034%$7.1M$3.8M25xas long as short