SPY

Alert

Funding spread now, next payment 19:00 UTC−0.0074%/8h

paid, last 24h+0.014%paid, last 5 days−0.061%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SPY-PERP	773.18	0.0104	pay 0.0013% / 1h	52m 34s	$87K	—	10x
Short	Aster SPYUSDT	773.45	0.0030	get 0.0030% / 8h	5h 52m	$861K	$273K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AevobpFee AsterbpOrdersRate

Funding earned: −$15.64
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.64
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 47 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.036%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 47 min ago	0.06 bp	4.1 bp −$4	6.0 bp −$60	doesn't fit	doesn'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 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix SPY	−0.0404%	1h	$160K	$295K	20x	as long as short
Ondo Perps SPY-USD.P	−0.0174%	1h	$4.7M	$779K	20x	as long as short
BloFin SPY-USDT	−0.0097%	8h	$431K	$706K	50x	as long as short
Nado SPY-PERP	−0.0048%	1h	$1.6M	$258K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.3M	$2.1M	100x	as long as short
RISEx SPY/USDC	0.0000%	1h	$7.0M	$5.7M	25x	as long as short
Gate SPY_USDT	0.0000%	8h	$738K	$1.9M	75x	as long as short
SunX SPY-USDT	0.0000%	8h	$2K	$1.6M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	$22K	$73K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	$308K	$23K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX SPY-USDT-SWAP	+0.0011%	8h	$8.1M	$3.2M	50x	as long as short
Binance SPYUSDT	+0.0021%	8h	$29.2M	$80.4M	50x	as long as short
MEXC SPY_USDT	+0.0022%	8h	$27.0M	$9.2M	100x	as long as short
Aster SPYUSDTshort	+0.0030%	8h	$861K	$273K	20x
Lighter SPY	+0.0032%	1h	$9.0M	$21.0M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	$57.0M	$121.5M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	$934K	$1.2M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$84K	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	$2.5M	$1.1M	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	$155K	$31K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	$1K	—	20x	as long as short
Aevo SPY-PERPlong	+0.0104%	1h	$87K	—	10x
Coinbase International SPY-PERP-INTX	+0.0104%	1h	$931K	$603K	20x	as long as short
Bitget SPYUSDT	+0.0122%	8h	$10.8M	$3.1M	50x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0327% / S −0.2140%	1h	$24K	—	53x	as long as short
edgeX SPYUSDC	+0.0607%	4h	$639K	$240K	20x	as long as short