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 +0.009%
Price spread now: OKX against SunX−0.147%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$246as in the Funding arb table
Net, price: spread back to 7d avg − costs−$246as in the Price arb table
costs, in and out, $10k−$2472.473% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.147%, 7d avg −0.158%
Together, before fees−0.059%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPY-USDT775.970get 0.0000% / 8h5h 53m$2K$1.2M10x
ShortOKX SPY-USDT-SWAP774.830get 0.0000% / 8h5h 53m$7.8M$3.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.147% → −0.158%
$1.09
Slippage, 4 orders
−$229.29
Fee SunX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$246.2
Costs to cover
2.473%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; OKX: 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, 4 min ago29.06 bp107.3 bp −$107doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 3 min ago0.06 bp5.5 bp −$68.1 bp −$8119.8 bp −$1,983doesn't fit

SPY on 27 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni SPYUSDT−0.0411%1h773.48−0.321%$164K$24K50xas long as short
BloFin SPY-USDT−0.0120%8h774.83−0.147%$416K$419K50xas long as short
Nado SPY-PERP−0.0037%1h774.51−0.189%$1.5M$277K20xas long as short
Aster SPYUSDT0.0000%8h774.66−0.169%$863K$200K20xas long as short
Binance SPYUSDT0.0000%8h774.84−0.146%$28.5M$75.8M50xas long as short
Bybit SPYUSDT0.0000%8h774.87−0.142%$6.2M$1.5M100xas long as short
OKX SPY-USDT-SWAPshort0.0000%8h774.83−0.147%$7.8M$3.1M50x
RISEx SPY/USDC0.0000%1h774.79−0.152%$7.1M$3.3M25xas long as short
Gate SPY_USDT0.0000%8h774.31−0.214%$790K$2.5M75xas long as short
MEXC SPY_USDT0.0000%8h774.82−0.148%$29.2M$13.3M100xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPYUSDT0.0000%8h774.86−0.143%$11.1M$1.6M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.86−0.143%$161K$336K10xas long as short
Phoenix SPY0.0000%1h774.14−0.236%$158K$74K20xas long as short
SunX SPY-USDTlong0.0000%8h775.97long leg$2K$1.2M10x
Deribit SPY_USDC-PERPETUAL0.0000%1h774.55−0.183%$23K$39K20xas long as short
HTX SPY-USDT0.0000%8h774.99−0.126%$300K$38K50xas long as short
Arcus SPY-USD+0.0015%1h773.88−0.269%$980K$1.4M50xas long as short
Lighter SPY+0.0032%1h774.64−0.171%$7.8M$16.3M50xas long as short
Lighter RH SPY+0.0032%1h774.94−0.133%$56.9M$114.4M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.64−0.300%$85K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.87−0.271%$4.8M$846K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h774.22−0.226%$952K$171K20xas long as short
KuCoin SPYUSDTM+0.0100%8h774.26−0.220%$2.5M$1.0M20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.76−0.156%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h774.23−0.224%$87K10xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.80−0.150%$10K26xas long as short
edgeX SPYUSDC+0.0783%4h774.39−0.204%$640K$242K20xas long as short