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 +0.013%
Price spread now: MEXC against SunX−0.155%7-day average −0.143% · you buy dearer than you sell
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$238as in the Price arb table
costs, in and out, $10k−$2372.366% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.087%+$9 on $10k
Price spread, last 4 days (all we have)−0.085%−$8 · spread now −0.155%, 7d avg −0.143%
Together, before fees+0.002%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPY-USDT773.450get 0.0000% / 8h7h 30m$2K$1.3M10x
ShortMEXC SPY_USDT772.250get 0.0000% / 8h7h 30m$29.6M$11.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: −0.155% → −0.143%
−$1.19
Slippage, 4 orders
−$228.61
Fee SunX: 4 bp × 2 orders
−$8
Fee MEXC: 0 bp × 2 orders
$0
Net
−$237.81
Costs to cover
2.366%
Break-even
never at this rate
Slippage from SunX: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago29.08 bp107.6 bp −$108doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago0.06 bp0.1 bp $00.3 bp −$30.6 bp −$641.9 bp −$956

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%8h772.32−0.146%$416K$438K50xas long as short
Phoenix SPY−0.0031%1h771.89−0.202%$158K$151K20xas long as short
Aster SPYUSDT0.0000%8h772.29−0.150%$863K$199K20xas long as short
Binance SPYUSDT0.0000%8h772.21−0.160%$28.6M$75.3M50xas long as short
Bybit SPYUSDT0.0000%8h772.13−0.171%$6.2M$1.5M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h772.25−0.155%$7.8M$3.1M50xas long as short
Gate SPY_USDT0.0000%8h771.98−0.190%$793K$2.5M75xas long as short
MEXC SPY_USDTshort0.0000%8h772.25−0.155%$29.6M$11.6M100x
Bitget SPYUSDT0.0000%8h772.42−0.133%$10.9M$1.5M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h772.84−0.079%$159K$330K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDTlong0.0000%8h773.45long leg$2K$1.3M10x
HTX SPY-USDT0.0000%8h773.15−0.039%$300K$38K50xas long as short
Lighter RH SPY+0.0032%1h772.33−0.145%$56.7M$118.7M50xas long as short
Arcus SPY-USD+0.0040%1h771.62−0.237%$922K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h771.18−0.293%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h771.77−0.217%$4.8M$849K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h772.12−0.172%$950K$507K20xas long as short
Nado SPY-PERP+0.0083%1h771.86−0.205%$1.5M$251K20xas long as short
KuCoin SPYUSDTM+0.0100%8h771.90−0.200%$2.5M$1.0M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h771.94−0.195%$164K$25K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h772.35−0.142%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h771.71−0.225%$87K10xas long as short
Lighter SPY+0.0112%1h772.19−0.163%$7.9M$17.1M50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0126%1h771.99−0.189%$23K$55K20xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h772.27−0.152%$10K26xas long as short
RISEx SPY/USDC+0.0211%1h772.47−0.127%$7.2M$3.5M25xas long as short
edgeX SPYUSDC+0.0739%4h772.42−0.134%$638K$243K20xas long as short