SPY

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	SunXSPY-USDT	759.92	0	0.0000% / 8h	3h 06m	$2K	$929K	10x	Long SunX≤10% back
SHORT	BackpackSPY.US_USDC_PERP	757.66	−0.0104	pay 0.0013% / 1h	6m 13s	$134K	$346K	10x	Short Backpack

Price gap−0.297%

Funding gap−0.0104% /8h

Funding costs $3 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$9−0.0104% /8h now · paid −0.092% over the last 7D

Price−$1spread −0.297% now, avg −0.290% → −0.008% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs−$10−0.10%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.297%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SPY on 33 exchanges

lowest funding first

Before you open

0 ok · 4 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than SunX’s order book right now.
Note: Margin at max leverage$1,000 + $1,000
SunX 10x, Backpack 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$3.11Long SunX: 3 payments, $0.00; short Backpack: 24 payments, −$3.11.
Note: Gap at its usual level−0.297% vs −0.290%
The price leg adds little either way.
Watch: Long leg is thinner$2K vs $134K OI
SunX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCSunX No · Backpack Yes
KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0044%/8h × 21 periods−$9.22

Price spread−0.297% → −0.290% (7d avg)−$0.76

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee SunX bp × 2 orders−$8.00

Fee Backpack bp × 2 orders−$10.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: SunX: live order book, 51 min ago; Backpack: live order book, 11 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGSunX29.08doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBackpack0.076.0 bp−$616.1 bp−$161doesn’t fitdoesn’t fit

Closing costs about the same again.

SPY news

posts that mention SPY or SPDR S&P 500 ETF, from every exchangeSearch all news →

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