SPY

Alert

Funding spread now, next payment 15:00 UTC−0.0104%/8h

paid, last 24h−0.031%paid, last 5 days−0.142%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SPY-PERP	769.30	0.0104	pay 0.0013% / 1h	27m 17s	$86K	—	10x
Short	Gate SPY_USDT	769.42	0	get 0.0000% / 8h	1h 27m	$813K	$1.2M	75x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AevobpFee GatebpOrdersRate

Funding earned: −$21.84
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.84
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.015%
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 Gate live order book, 1 min ago	1.75 bp	13.5 bp −$13	19.0 bp −$190	55.4 bp −$5,543	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	−0.0240%	1h	$176K	$229K	20x	as long as short
Nado SPY-PERP	−0.0006%	1h	$1.5M	$360K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.2M	$1.7M	100x	as long as short
Gate SPY_USDTshort	0.0000%	8h	$813K	$1.2M	75x
SunX SPY-USDT	0.0000%	8h	$2K	$1.3M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	$307K	$23K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0028%	1h	$4.7M	$384K	20x	as long as short
BloFin SPY-USDT	+0.0036%	8h	$443K	$629K	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	$1.0M	$956K	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$61K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH SPY	+0.0056%	1h	$57.6M	$112.2M	50x	as long as short
RISEx SPY/USDC	+0.0079%	1h	$6.8M	$5.4M	25x	as long as short
Lighter SPY	+0.0096%	1h	$10.8M	$14.1M	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	$2.4M	$1.2M	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	$154K	$31K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	$1K	—	20x	as long as short
OKX SPY-USDT-SWAP	+0.0102%	8h	$8.3M	$2.5M	50x	as long as short
Aevo SPY-PERPlong	+0.0104%	1h	$86K	—	10x
Deribit SPY_USDC-PERPETUAL	+0.0127%	1h	$18K	$54K	20x	as long as short
MEXC SPY_USDT	+0.0155%	8h	$19.9M	$11.4M	100x	as long as short
Binance SPYUSDT	+0.0155%	8h	$33.4M	$58.4M	50x	as long as short
Aster SPYUSDT	+0.0155%	8h	$860K	$156K	20x	as long as short
edgeX SPYUSDC	+0.0180%	4h	$641K	$233K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0208%	1h	$959K	$554K	20x	as long as short
Bitget SPYUSDT	+0.0242%	8h	$11.0M	$2.6M	50x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0429% / S −0.3519%	1h	$20K	—	26x	as long as short