SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0077%/8h= −8.4% APRpaid last 24h −0.031%

Price spread now: Gate against Nado−0.017%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.374% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.017%, 7d avg −0.005%

Together, before fees−0.004%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPY-PERP	773.98	0.0077	pay 0.0010% / 1h	2m 07s	$1.5M	$288K	20x
Short	Gate SPY_USDT	773.85	0	get 0.0000% / 8h	6h 02m	$780K	$2.4M	75x

Funding history

latest

Range statsloading…

Gate against Nado. 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 NadobpFee GatebpOrdersPrice spread, now −0.017%Rate

Slippage from Nado: live order book, 2 min ago; Gate: live order book, 1 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 2 min ago	0.26 bp	7.1 bp −$7	15.9 bp −$159	57.4 bp −$5,736	doesn't fit
Sell Gate live order book, 1 min ago	2.71 bp	13.1 bp −$13	14.4 bp −$144	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
Aster SPYUSDT	0.0000%	8h	774.45	+0.060%	$863K	$203K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.36	+0.049%	$6.3M	$2.0M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.41	+0.055%	$7.9M	$3.3M	50x	as long as short
Gate SPY_USDTshort	0.0000%	8h	773.85	−0.017%	$780K	$2.4M	75x
Bitget SPYUSDT	0.0000%	8h	774.49	+0.066%	$10.9M	$2.0M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.40	+0.054%	$161K	$379K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.47	+0.192%	$2K	$1.4M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.59	+0.079%	$308K	$20K	50x	as long as short
MEXC SPY_USDT	+0.0007%	8h	774.34	+0.046%	$21.1M	$12.1M	100x	as long as short
Binance SPYUSDT	+0.0007%	8h	774.35	+0.048%	$28.4M	$80.0M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPY	+0.0032%	1h	774.26	+0.036%	$8.3M	$21.4M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.41	−0.074%	$935K	$1.3M	50x	as long as short
Phoenix SPY	+0.0041%	1h	773.79	−0.025%	$161K	$296K	20x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.21	−0.100%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.58	−0.052%	$4.8M	$841K	20x	as long as short
Nado SPY-PERPlong	+0.0077%	1h	773.98	long leg	$1.5M	$288K	20x
Lighter RH SPY	+0.0080%	1h	774.76	+0.101%	$56.7M	$115.0M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0088%	1h	773.74	−0.031%	$954K	$552K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.59	−0.051%	$2.5M	$967K	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	773.92	−0.008%	$160K	$23K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.32	+0.044%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.71	−0.034%	$87K	—	10x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0125%	1h	774.15	+0.022%	$23K	$55K	20x	as long as short
RISEx SPY/USDC	+0.0190%	1h	774.46	+0.062%	$7.0M	$5.2M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.35	+0.047%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0688%	4h	774.21	+0.030%	$640K	$241K	20x	as long as short