Settings8H · net · $10k
Funding arb · Price arb /

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.001%
Price spread now: ApeX Omni against Aevo−0.005%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo SPY-PERP774.020.0104pay 0.0013% / 1h12m 35s$87K10x
ShortApeX Omni SPYUSDT773.980.0100get 0.0013% / 1h12m 35s$159K$23K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aevo. 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
−$0.84
Price spread: −0.005% → 0.000%
−$0.48
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$27.32
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; ApeX Omni: live order book, 63 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell ApeX Omni live order book, 63 min ago2.46 bp19.0 bp −$1984.1 bp −$841doesn't fitdoesn't fit
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus SPY-USD−0.0266%1h773.53−0.063%$941K$1.4M50xas long as short
BloFin SPY-USDT−0.0120%8h774.59+0.074%$412K$571K50xas long as short
Phoenix SPY−0.0052%1h773.88−0.018%$161K$296K20xas long as short
Aster SPYUSDT0.0000%8h774.38+0.046%$863K$204K20xas long as short
Bybit SPYUSDT0.0000%8h774.44+0.055%$6.2M$2.1M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.53+0.066%$7.9M$3.3M50xas long as short
Gate SPY_USDT0.0000%8h773.90−0.015%$758K$2.3M75xas long as short
MEXC SPY_USDT0.0000%8h774.57+0.071%$28.0M$11.9M100xas long as short
SunX SPY-USDT0.0000%8h775.65+0.211%$2K$1.5M10xas long as short
HTX SPY-USDT0.0000%8h774.84+0.106%$308K$20K50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SPYUSDT+0.0001%8h774.59+0.074%$28.6M$82.8M50xas long as short
GRVT SPY_USDT_Perp+0.0012%8h774.59+0.074%$157K$411K10xas long as short
Lighter SPY+0.0032%1h774.35+0.043%$8.2M$22.3M50xas long as short
Lighter RH SPY+0.0032%1h774.68+0.086%$56.9M$120.1M50xas long as short
Bitget SPYUSDT+0.0039%8h774.68+0.086%$11.0M$2.5M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.18−0.108%$123K50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0047%1h774.12+0.013%$23K$58K20xas long as short
Coinbase International SPY-PERP-INTX+0.0048%1h773.56−0.059%$955K$583K20xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.74−0.036%$4.8M$848K20xas long as short
Nado SPY-PERP+0.0088%1h773.96−0.008%$1.5M$293K20xas long as short
KuCoin SPYUSDTM+0.0100%8h774.020.000%$2.5M$962K20xas long as short
ApeX Omni SPYUSDTshort+0.0100%1h773.98−0.005%$159K$23K50x
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.49+0.061%$1K20xas long as short
Aevo SPY-PERPlong+0.0104%1h774.02long leg$87K10x
RISEx SPY/USDC+0.0110%1h774.64+0.081%$6.9M$5.2M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0208% / S −0.0429%1h774.59+0.073%$10K26xas long as short
edgeX SPYUSDC+0.0850%4h774.47+0.059%$640K$242K20xas long as short