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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%
Price spread now: MEXC against OKX+0.021%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$120.115% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 7 days−0.011%−$1 · spread now +0.021%, 7d avg +0.012%
Together, before fees+0.066%+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SPY-USDT-SWAP774.100get 0.0000% / 8h3h 47m$7.9M$3.3M50x
ShortMEXC SPY_USDT774.260get 0.0000% / 8h3h 47m$28.3M$12.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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: +0.021% → +0.012%
$0.91
Slippage, 4 orders
−$1.54
Fee OKX: 5 bp × 2 orders
−$10
Fee MEXC: 0 bp × 2 orders
$0
Net
−$10.63
Costs to cover
0.115%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 1 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 OKX live order book, 5 min ago0.06 bp6.3 bp −$69.2 bp −$9219.6 bp −$1,956doesn't fit
Sell MEXC live order book, 1 min ago0.06 bp0.1 bp $00.1 bp −$10.1 bp −$60.7 bp −$330

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%8h774.15+0.006%$416K$468K50xas long as short
Phoenix SPY−0.0010%1h773.59−0.066%$161K$295K20xas long as short
Binance SPYUSDT0.0000%8h774.30+0.026%$28.1M$79.5M50xas long as short
Bybit SPYUSDT0.0000%8h774.14+0.005%$6.3M$1.9M100xas long as short
OKX SPY-USDT-SWAPlong0.0000%8h774.10long leg$7.9M$3.3M50x
Gate SPY_USDT0.0000%8h773.86−0.031%$776K$2.4M75xas long as short
MEXC SPY_USDTshort0.0000%8h774.26+0.021%$28.3M$12.1M100x
Bitget SPYUSDT0.0000%8h774.37+0.035%$10.9M$1.8M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.34+0.031%$163K$374K10xas long as short
SunX SPY-USDT0.0000%8h775.25+0.149%$2K$1.4M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SPY-USDT0.0000%8h774.46+0.047%$308K$20K50xas long as short
edgeX SPYUSDC+0.0026%4h774.04−0.008%$640K$242K20xas long as short
Aster SPYUSDT+0.0028%8h774.32+0.028%$865K$194K20xas long as short
Arcus SPY-USD+0.0040%1h773.47−0.081%$935K$1.4M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.10−0.129%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.23−0.112%$4.8M$828K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h774.05−0.006%$954K$552K20xas long as short
Nado SPY-PERP+0.0070%1h773.78−0.041%$1.5M$282K20xas long as short
Lighter RH SPY+0.0072%1h774.55+0.058%$56.5M$114.9M50xas long as short
ApeX Omni SPYUSDT+0.0074%1h773.16−0.121%$162K$24K50xas long as short
KuCoin SPYUSDTM+0.0100%8h773.53−0.074%$2.5M$972K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.12+0.003%$1K20xas long as short
RISEx SPY/USDC+0.0100%1h774.25+0.020%$7.0M$5.0M25xas long as short
Aevo SPY-PERP+0.0104%1h773.57−0.068%$87K10xas long as short
Lighter SPY+0.0120%1h774.30+0.026%$8.2M$19.2M50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0164%1h773.98−0.016%$23K$56K20xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.21+0.014%$10K26xas long as short