SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h −0.006%

Price spread now: Arcus against OKX−0.103%7-day average −0.102% · 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−$21as in the Price arb table

costs, in and out, $10k−$210.209% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.064%+$6 on $10k

Price spread, last 7 days−0.027%−$3 · spread now −0.103%, 7d avg −0.102%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.102%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPY-USDT-SWAP	774.20	0.0014	pay 0.0014% / 8h	6h 45m	$7.9M	$3.3M	50x
Short	Arcus SPY-USD	773.40	0.0040	get 0.0005% / 1h	45m 14s	$935K	$1.4M	50x

Funding history

latest

Range statsloading…

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now −0.103%Rate

Slippage from OKX: live order book, 3 min ago; Arcus: live order book, 4 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	0.06 bp	5.3 bp −$5	7.7 bp −$77	19.0 bp −$1,899	doesn't fit
Sell Arcus live order book, 4 min ago	0.06 bp	5.7 bp −$6	10.2 bp −$102	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
BloFin SPY-USDT	−0.0096%	8h	774.30	+0.013%	$417K	$545K	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.16	−0.005%	$6.3M	$2.0M	100x	as long as short
Gate SPY_USDT	0.0000%	8h	773.76	−0.057%	$780K	$2.3M	75x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.38	+0.023%	$10.9M	$2.2M	50x	as long as short
SunX SPY-USDT	0.0000%	8h	775.40	+0.155%	$2K	$1.5M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.30	+0.013%	$308K	$20K	50x	as long as short
OKX SPY-USDT-SWAPlong	+0.0014%	8h	774.20	long leg	$7.9M	$3.3M	50x
Aster SPYUSDT	+0.0016%	8h	774.32	+0.015%	$863K	$204K	20x	as long as short
MEXC SPY_USDT	+0.0022%	8h	774.25	+0.006%	$19.7M	$11.7M	100x	as long as short
Binance SPYUSDT	+0.0023%	8h	774.26	+0.008%	$28.4M	$80.6M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SPY_USDT_Perp	+0.0029%	8h	774.37	+0.022%	$163K	$381K	10x	as long as short
Lighter SPY	+0.0032%	1h	774.14	−0.008%	$8.3M	$21.3M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	774.53	+0.043%	$57.3M	$112.2M	50x	as long as short
Arcus SPY-USDshort	+0.0040%	1h	773.40	−0.103%	$935K	$1.4M	50x
Phoenix SPY	+0.0041%	1h	773.86	−0.044%	$161K	$296K	20x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.02	−0.152%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.46	−0.096%	$4.8M	$842K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0088%	1h	774.14	−0.008%	$955K	$555K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.93	−0.035%	$2.5M	$943K	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	773.79	−0.053%	$159K	$23K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.24	+0.005%	$1K	—	20x	as long as short
Nado SPY-PERP	+0.0101%	1h	773.83	−0.048%	$1.5M	$285K	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.66	−0.069%	$87K	—	10x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0125%	1h	774.03	−0.022%	$23K	$55K	20x	as long as short
RISEx SPY/USDC	+0.0190%	1h	774.36	+0.020%	$7.0M	$5.2M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.25	+0.007%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0802%	4h	774.10	−0.013%	$640K	$242K	20x	as long as short