SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Orderly against SunX−0.153%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.153% cheaper against SunX than usual: you would sell low and buy high (spread −0.153% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 5.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPY-USDT	775.38	0	get 0.0000% / 8h	7h 00m	$2K	$1.3M	10x
Short	Orderly PERP_SPY_USDC_mythos	774.19	0.0100	get 0.0100% / 8h	7h 00m	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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

Position, each leg$Hold fordaysFee SunXbpFee OrderlybpOrdersPrice spread, now −0.153%Rate

Funding earned: $21
Price spread: −0.153% → 0.000%: −$15.35
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$8.35
Costs to cover: 0.140%
Break-even: 9.8 days

Slippage unknown: SunX: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 3 min ago	29.08 bp	107.6 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPY on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPY-USDT	−0.0120%	8h	774.09	−0.166%	$413K	$410K	50x	as long as short
Phoenix SPY	−0.0031%	1h	773.82	−0.201%	$158K	$151K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	773.91	−0.189%	$862K	$199K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.13	−0.161%	$28.5M	$76.2M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.12	−0.163%	$6.2M	$1.5M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.22	−0.150%	$7.8M	$3.2M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.81	−0.202%	$792K	$2.5M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.13	−0.161%	$19.1M	$12.2M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.28	−0.142%	$11.0M	$1.5M	50x	as long as short
SunX SPY-USDTlong	0.0000%	8h	775.38	long leg	$2K	$1.3M	10x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SPY-USDT	0.0000%	8h	774.56	−0.106%	$300K	$38K	50x	as long as short
Nado SPY-PERP	+0.0008%	1h	774.07	−0.169%	$1.5M	$251K	20x	as long as short
Lighter RH SPY	+0.0032%	1h	774.36	−0.132%	$56.8M	$121.3M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.25	−0.275%	$969K	$1.4M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.22	−0.279%	—	$85K	50x	as long as short
Lighter SPY	+0.0048%	1h	774.05	−0.172%	$7.9M	$17.2M	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.48	−0.245%	$4.8M	$850K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0056%	1h	772.60	−0.359%	$951K	$505K	20x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0073%	1h	774.04	−0.173%	$23K	$55K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.57	−0.233%	$2.5M	$1.0M	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	773.09	−0.295%	$164K	$24K	50x	as long as short
Orderly PERP_SPY_USDC_mythosshort	+0.0100%	8h	774.19	−0.153%	$1K	—	20x
Aevo SPY-PERP	+0.0104%	1h	773.86	−0.195%	$87K	—	10x	as long as short
GRVT SPY_USDT_Perp	+0.0120%	8h	774.22	−0.150%	$161K	$341K	10x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.25	−0.146%	$10K	—	26x	as long as short
RISEx SPY/USDC	+0.0211%	1h	774.24	−0.147%	$7.2M	$3.6M	25x	as long as short
edgeX SPYUSDC	+0.0762%	4h	774.15	−0.158%	$640K	$243K	20x	as long as short