SPY

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowSPY-USDC	761.82	+0.0036	pay 0.0005% / 1h	44m 32s	$2.5M	$793K	20x	Long TxFlow5% off
SHORT	DeribitSPY_USDC-PERPETUAL	760.96	+0.1250	get 0.0156% / 1h	44m 32s	$1.1M	$464K	20x	Short Deribit

Price gap−0.113%

Funding gap+0.1214% /8h

Funding pays +$36 a day on $10k, but the gap is 0.063% under its 7d average: −$6 if it goes back, about 4 hours of funding. At the last 7 days' pace that is about 9 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$118+0.1214% /8h now · paid +1.183% over the last 7D

Price−$6spread −0.113% now, avg −0.049% → −0.063% if it goes back

Costs−$210.215% of $10k · taker + slippage, in and out

Result+$90+0.90%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.113%

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 33 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

OK: Fits both order books7.0 / 3.6 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $500
TxFlow 20x, Deribit 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$36.43Long TxFlow: 24 payments, −$1.08; short Deribit: 24 payments, +$37.51.
Watch: Gap narrower than usual−0.113% vs −0.049%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Note: Short leg is thinner$1.1M vs $2.5M OI
Both legs are deep; Deribit is the smaller one.
OK: Points on a legTxFlow points
Volume here counts toward the points program.
Watch: KYCTxFlow No · Deribit Yes
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0563%/8h × 21 periods+$118.31

Price spread−0.113% → −0.049% (7d avg)−$6.35

Slippage, 4 orderslive order books−$5.46

Fee TxFlow bp × 2 orders−$9.00

Fee Deribit bp × 2 orders−$7.00

Net · 7 days · $10k+$90.50

Costs to cover0.215%Break-even1.6 days

Slippage: TxFlow: live order book, 5 min ago; Deribit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow1.587.0 bp−$711.6 bp−$11646.3 bp−$4,633236.4 bp−$118.2K

SELL · SHORTDeribit0.073.6 bp−$44.3 bp−$43doesn’t fitdoesn’t fit

Closing costs about the same again.

SPY news

posts that mention SPY or SPDR S&P 500 ETF, from every exchangeSearch all news →

10-20 15:24	Orderly	Other	Perp Anything go brrrrrrrr 🖨️ The $SPY Perp Anything market on Orderly just did $48M trading volume in 24 hours. Its creator earned $2,425.79 in fees. At that pace, that's $72,774 in 30 days. From ONE market. See an opportunity? Perp it. @OrderlyNetwork on X ↗
10-14 13:01	Reya	Listing	SPY and QQQ perps are live on Reya. First we launched the Mag7. Now the bigger picture. Up to 25x leverage on both index perps. @reya_xyz on X ↗
10-12 13:49	Reya	Listing	new market SPYRUSDPERP ($SPY) seen by our collector
10-05 12:38	RISEx	Listing	September has been an extra special month - all because of you. On Sep 25, we hit $10B in cumulative volume, and one week later, we pushed open interest to a new all-time high of $ 77.3M. Product Highlight • Custom referral code slugs are now open to everyone • We launched Impact Pool for our power traders to reward size • Paid dividends on SPY and QQQ • Shipped TWAP and one-click trading, plus more UX upgrades • Improved mobile experience with QR login 9 new listings: 7 RWA and 2 Crypto $MSTR, $NVDA, $KORU, $HOOD, $TSLA, $CRCL, $SKHYNIX, $ARB, $ONDO - together a total of $126M in volume within their first month By the numbers • Total volume: $10.65B • Peak 24hr volume: $153,594,486 • Total active accounts: 11,669 • Total RWA volume: $2.12B • Peak open interest: $71,685,253 (new ATH $77.3M on 2 Oct) • Total fees: $2,750,797 • Peak daily active users: 3,211 • Total liquidations: $32,858,815 RISE will move as one. And we’re just getting started @risextrade on X ↗
09-28 18:50	Aevo	Other	bitcoin: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 18:00	Vest Markets	Other	The 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 ↗

SPY