SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.009%

Price spread now: Coinbase International against Aevo+0.043%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.216%−$22 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Coinbase International is 0.043% dearer against Aevo than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9.0 days. At the pace of the last 7 days (−0.216% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SPY-PERP	773.80	0.0104	pay 0.0013% / 1h	57m 37s	$87K	—	10x
Short	Coinbase International SPY-PERP-INTX	774.14	0.0088	get 0.0011% / 1h	57m 37s	$955K	$554K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee AevobpFee Coinbase InternationalbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$3.36
Price spread: +0.043% → 0.000%: $4.34
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$25.02
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 11 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 11 min ago	0.06 bp	6.9 bp −$7	8.9 bp −$89	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 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	−0.0095%	8h	774.43	+0.081%	$415K	$571K	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.50	+0.090%	$6.3M	$2.0M	100x	as long as short
Gate SPY_USDT	0.0000%	8h	773.93	+0.016%	$780K	$2.3M	75x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.58	+0.100%	$11.0M	$2.2M	50x	as long as short
SunX SPY-USDT	0.0000%	8h	775.55	+0.226%	$1K	$1.5M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	774.09	+0.037%	$23K	$55K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	774.73	+0.120%	$308K	$20K	50x	as long as short
OKX SPY-USDT-SWAP	+0.0014%	8h	774.37	+0.073%	$7.9M	$3.3M	50x	as long as short
Aster SPYUSDT	+0.0018%	8h	774.56	+0.098%	$863K	$204K	20x	as long as short
MEXC SPY_USDT	+0.0025%	8h	774.38	+0.074%	$19.0M	$11.5M	100x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SPYUSDT	+0.0025%	8h	774.38	+0.074%	$28.5M	$81.5M	50x	as long as short
Lighter SPY	+0.0032%	1h	774.28	+0.062%	$8.3M	$21.3M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	774.64	+0.108%	$57.6M	$111.4M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.53	−0.035%	$935K	$1.4M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.20	−0.078%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.39	−0.054%	$4.8M	$846K	20x	as long as short
GRVT SPY_USDT_Perp	+0.0059%	8h	774.53	+0.094%	$160K	$395K	10x	as long as short
Phoenix SPY	+0.0062%	1h	773.85	+0.006%	$161K	$295K	20x	as long as short
Coinbase International SPY-PERP-INTXshort	+0.0088%	1h	774.14	+0.043%	$955K	$554K	20x
KuCoin SPYUSDTM	+0.0100%	8h	773.80	−0.001%	$2.5M	$952K	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	773.89	+0.011%	$159K	$23K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.45	+0.083%	$1K	—	20x	as long as short
Nado SPY-PERP	+0.0102%	1h	774.01	+0.027%	$1.5M	$285K	20x	as long as short
Aevo SPY-PERPlong	+0.0104%	1h	773.80	long leg	$87K	—	10x
RISEx SPY/USDC	+0.0190%	1h	774.55	+0.097%	$6.9M	$5.2M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.40	+0.078%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0259%	4h	774.34	+0.069%	$640K	$242K	20x	as long as short