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 0.000%
Price spread now: Gate against SunX−0.183%7-day average −0.173% · you buy dearer than you sell
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2612.608% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.183%, 7d avg −0.173%
Together, before fees+0.005%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPY-USDT775.310get 0.0000% / 8h6h 25m$2K$1.5M10x
ShortGate SPY_USDT773.890get 0.0000% / 8h6h 25m$780K$2.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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: −0.183% → −0.173%
−$1.05
Slippage, 4 orders
−$237.79
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$261.84
Costs to cover
2.608%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; Gate: 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 SunX live order book, 9 min ago29.08 bp107.6 bp −$108doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 2 min ago3.30 bp12.6 bp −$1314.2 bp −$14260.0 bp −$6,004doesn't fit

SPY on 26 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
Bybit SPYUSDT0.0000%8h774.12−0.153%$6.3M$2.0M100xas long as short
Gate SPY_USDTshort0.0000%8h773.89−0.183%$780K$2.3M75x
Bitget SPYUSDT0.0000%8h774.40−0.117%$10.9M$2.1M50xas long as short
SunX SPY-USDTlong0.0000%8h775.31long leg$2K$1.5M10x
HTX SPY-USDT0.0000%8h774.29−0.132%$308K$20K50xas long as short
OKX SPY-USDT-SWAP+0.0002%8h774.13−0.152%$7.9M$3.3M50xas long as short
GRVT SPY_USDT_Perp+0.0002%8h774.37−0.121%$162K$379K10xas long as short
Aster SPYUSDT+0.0010%8h774.26−0.135%$863K$204K20xas long as short
Binance SPYUSDT+0.0019%8h774.21−0.142%$28.3M$80.3M50xas long as short
MEXC SPY_USDT+0.0020%8h774.22−0.141%$20.3M$11.8M100xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter SPY+0.0032%1h774.19−0.144%$8.3M$21.4M50xas long as short
Arcus SPY-USD+0.0040%1h773.32−0.257%$935K$1.4M50xas long as short
Phoenix SPY+0.0041%1h773.93−0.178%$161K$296K20xas long as short
Vest SPY-USD-PERP+0.0046%1h773.11−0.284%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.32−0.257%$4.8M$842K20xas long as short
Lighter RH SPY+0.0056%1h774.66−0.084%$57.0M$113.6M50xas long as short
Coinbase International SPY-PERP-INTX+0.0088%1h774.14−0.151%$955K$555K20xas long as short
KuCoin SPYUSDTM+0.0100%8h773.57−0.224%$2.5M$938K20xas long as short
ApeX Omni SPYUSDT+0.0100%1h773.72−0.205%$159K$23K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.10−0.156%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.65−0.214%$87K10xas long as short
Nado SPY-PERP+0.0118%1h773.92−0.179%$1.5M$288K20xas long as short
Deribit SPY_USDC-PERPETUAL+0.0125%1h774.08−0.159%$23K$55K20xas long as short
RISEx SPY/USDC+0.0190%1h774.33−0.127%$7.0M$5.2M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.21−0.143%$10K26xas long as short
edgeX SPYUSDC+0.0636%4h774.03−0.165%$640K$241K20xas long as short