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 −0.009%
Price spread now: SunX against OKX+0.151%7-day average +0.158% · you sell dearer than you buy
Net, funding: paid 7d − costs−$249as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2482.478% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 4 days (all we have)+0.115%+$11 · spread now +0.151%, 7d avg +0.158%
Together, before fees+0.101%+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SPY-USDT-SWAP772.710get 0.0000% / 8h7h 41m$7.9M$3.1M50x
ShortSunX SPY-USDT773.880get 0.0000% / 8h7h 41m$2K$1.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.151% → +0.158%
−$0.64
Slippage, 4 orders
−$229.85
Fee OKX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$248.49
Costs to cover
2.478%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; SunX: 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 OKX live order book, 1 min ago0.06 bp5.1 bp −$56.6 bp −$6614.9 bp −$1,492doesn't fit
Sell SunX live order book, 2 min ago29.07 bp128.8 bp −$129doesn't fitdoesn't fitdoesn't fit

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%8h772.79+0.010%$417K$440K50xas long as short
Phoenix SPY−0.0031%1h772.70−0.001%$158K$151K20xas long as short
Aster SPYUSDT0.0000%8h772.74+0.004%$863K$196K20xas long as short
Binance SPYUSDT0.0000%8h772.73+0.003%$28.6M$75.0M50xas long as short
Bybit SPYUSDT0.0000%8h772.53−0.023%$6.2M$1.5M100xas long as short
OKX SPY-USDT-SWAPlong0.0000%8h772.71long leg$7.9M$3.1M50x
Gate SPY_USDT0.0000%8h772.53−0.023%$793K$2.5M75xas long as short
MEXC SPY_USDT0.0000%8h772.72+0.001%$29.6M$11.6M100xas long as short
Bitget SPYUSDT0.0000%8h772.87+0.021%$10.9M$1.5M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h773.48+0.100%$160K$340K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDTshort0.0000%8h773.88+0.151%$2K$1.3M10x
HTX SPY-USDT0.0000%8h773.50+0.102%$300K$38K50xas long as short
Lighter RH SPY+0.0032%1h772.82+0.014%$56.6M$117.9M50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0035%1h772.39−0.041%$23K$54K20xas long as short
Arcus SPY-USD+0.0040%1h772.10−0.079%$920K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h771.56−0.149%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h772.16−0.071%$4.8M$849K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h773.80+0.141%$951K$508K20xas long as short
Nado SPY-PERP+0.0057%1h772.30−0.053%$1.5M$251K20xas long as short
KuCoin SPYUSDTM+0.0100%8h772.39−0.041%$2.5M$1.0M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h772.70−0.001%$164K$25K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h772.73+0.003%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h772.24−0.061%$87K10xas long as short
Lighter SPY+0.0128%1h772.70−0.001%$7.9M$17.1M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h772.73+0.002%$10K26xas long as short
RISEx SPY/USDC+0.0211%1h772.94+0.030%$7.1M$3.6M25xas long as short
edgeX SPYUSDC+0.0884%4h773.08+0.047%$639K$243K20xas long as short