Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

SPY

RWAAll SPY markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
SunXSPY-USDT
765.4500.0000% / 8h7h 58m$2K$660K10xLong SunX≤10% back
SHORT
BingXNCSKSPY2USD-USDT
764.25−0.0050pay 0.0050% / 8h7h 58m$910K$1.7M—Short BingX
Price gap−0.157%
Funding gap−0.0050% /8h

Funding costs $2 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+$21−0.0050% /8h now · paid +0.207% over the last 7D
Price$0spread −0.157% now, avg −0.152% → −0.005% if it goes back
Costs−$2472.470% of $10k · taker + slippage, in and out
Result−$227−2.27%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.157%
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 28 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size107.5 / 5.4 bp
    At $10k entering SunX costs 107.5 bp, fee and slippage, 19.8× BingX’s.
  • Note: Margin at max leverage$1,000 + —
    SunX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$1.50Long SunX: 3 payments, $0.00; short BingX: 3 payments, −$1.50.
  • Note: Gap at its usual level−0.157% vs −0.152%
    The price leg adds little either way.
  • Watch: Long leg is thinner$2K vs $910K OI
    SunX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCSunX No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0098%/8h × 21 periods+$20.67
Price spread−0.157% → −0.152% (7d avg)−$0.49
Slippage, 4 orderslive order books−$228.98
Fee SunX bp × 2 orders−$8.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$226.80
Costs to cover2.470%Break-even83.8 days
Slippage: SunX: live order book, 9 min ago; BingX: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGSunX29.13107.5 bp−$108doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX0.065.4 bp−$55.7 bp−$5710.6 bp−$1,06419.5 bp−$9,733

Closing costs about the same again.

Alert

SPY news

posts that mention SPY or SPDR S&P 500 ETF, from every exchangeSearch all news →
09-28 18:50AevoOtherbitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-23 18:00Vest MarketsOtherThe Nasdaq is giving back part of its record run, with $QQQ down around 0.8% and $SPY down around 0.6% on the session. The 10-year yield is at 5.12%, its highest since 2007, with S&P Global's flash composite PMI at 58.4 from 56, the strongest since July 2021. Trade $QQQ and $SPY volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗
09-21 18:04PhoenixOtherSPY and QQQ perps now trade 24/7 on Phoenix, weekends included. Trade equities on-chain with USDC or SOL: @PhoenixTrade on X ↗
09-21 16:05AevoContestbitcoin:native broke $85k, zcash:native crossed $1.5k, and near:native is up 70%+ in 7 days. Trading them adds volume to Aevo’s year-end leaderboard for the projected 808,800 USDC reward. Options count too, as do the other Perp Majors: ETH, SOL, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-21 13:35gTrade (Gains Network)Listingnew market SPY/USD ($SPY) seen by our collector
09-18 19:30BinanceOtherSPY bStock (SPYB) dividends are now in your Spot Wallet ✅ If you were holding tokens before 18 Sep 2026, your dividend should now be available. → $1.88 USD dividend per share → Distributed as additional SPYB Thank you for being part of Binance bStocks. 🫡 @binance on X ↗