SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0079%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h −0.015%

Price spread now: Deribit against RISEx−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.038% cheaper against RISEx than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 39 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPY/USDC	774.78	0.0007	pay 0.0001% / 1h	1m 08s	$7.0M	$4.3M	25x
Short	Deribit SPY_USDC-PERPETUAL	774.48	0.0086	get 0.0011% / 1h	1m 08s	$23K	$56K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against RISEx. 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

Position, each leg$Hold fordaysFee RISExbpFee DeribitbpOrdersPrice spread, now −0.038%Rate

Funding earned: $16.55
Price spread: −0.038% → 0.000%: −$3.84
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$0.29
Costs to cover: 0.130%
Break-even: 7.1 days

Slippage unknown: RISEx: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

Cost to enter

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 3 min ago	0.06 bp	3.6 bp −$4	4.2 bp −$42	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPY on 27 venues

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	−0.0120%	8h	774.09	−0.089%	$418K	$472K	50x	as long as short
Phoenix SPY	−0.0103%	1h	774.17	−0.078%	$161K	$295K	20x	as long as short
ApeX Omni SPYUSDT	−0.0079%	1h	773.48	−0.167%	$164K	$25K	50x	as long as short
Nado SPY-PERP	−0.0057%	1h	774.37	−0.052%	$1.6M	$261K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	774.40	−0.049%	$864K	$195K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.55	−0.029%	$28.6M	$79.1M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.57	−0.027%	$6.2M	$1.9M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.52	−0.033%	$8.0M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	774.07	−0.091%	$770K	$2.4M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.54	−0.031%	$29.7M	$12.5M	100x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPYUSDT	0.0000%	8h	774.74	−0.005%	$10.9M	$1.7M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.57	−0.027%	$169K	$350K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.68	+0.116%	$2K	$1.4M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.82	+0.005%	$300K	$38K	50x	as long as short
RISEx SPY/USDClong	+0.0007%	1h	774.78	long leg	$7.0M	$4.3M	25x
Ondo Perps SPY-USD.P	+0.0018%	1h	773.56	−0.157%	$4.7M	$832K	20x	as long as short
Lighter RH SPY	+0.0040%	1h	774.93	+0.020%	$56.2M	$120.4M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.64	−0.147%	$928K	$1.4M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.59	−0.153%	—	$123K	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0048%	1h	773.77	−0.130%	$950K	$556K	20x	as long as short
Deribit SPY_USDC-PERPETUALshort	+0.0086%	1h	774.48	−0.038%	$23K	$56K	20x
KuCoin SPYUSDTM	+0.0100%	8h	773.77	−0.130%	$2.5M	$984K	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.45	−0.042%	$1K	—	20x	as long as short
Lighter SPY	+0.0104%	1h	774.69	−0.011%	$8.1M	$19.4M	50x	as long as short
Aevo SPY-PERP	+0.0104%	1h	774.02	−0.098%	$87K	—	10x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.54	−0.030%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0560%	4h	774.41	−0.048%	$640K	$243K	20x	as long as short