SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.11 per $10,000 · paid last 24h +0.023%

Price spread now: RISEx against Aevo+0.097%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 RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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. RISEx is 0.097% dearer against Aevo than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SPY-PERP	773.21	0.0104	pay 0.0013% / 1h	3m 55s	$87K	—	10x
Short	RISEx SPY/USDC	773.96	0.0014	get 0.0002% / 1h	3m 55s	$7.1M	$4.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$18.98
Price spread: +0.097% → 0.000%: $9.71
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$31.27
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; RISEx: live order book, 5 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 RISEx live order book, 5 min ago	0.06 bp	3.1 bp −$3	3.3 bp −$33	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
Phoenix SPY	−0.0155%	1h	773.18	−0.004%	$158K	$254K	20x	as long as short
BloFin SPY-USDT	−0.0120%	8h	773.81	+0.078%	$418K	$444K	50x	as long as short
Aster SPYUSDT	0.0000%	8h	773.76	+0.071%	$863K	$193K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	773.72	+0.067%	$28.6M	$75.6M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	773.66	+0.058%	$6.2M	$1.6M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	773.68	+0.061%	$7.9M	$3.1M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.24	+0.004%	$770K	$2.5M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	773.72	+0.066%	$29.7M	$11.8M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	773.93	+0.093%	$10.9M	$1.6M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	773.99	+0.101%	$160K	$350K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPY-USDT	0.0000%	8h	774.83	+0.210%	$2K	$1.3M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	773.45	+0.031%	$23K	$54K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	774.16	+0.123%	$300K	$38K	50x	as long as short
RISEx SPY/USDCshort	+0.0014%	1h	773.96	+0.097%	$7.1M	$4.0M	25x
ApeX Omni SPYUSDT	+0.0016%	1h	773.33	+0.016%	$164K	$25K	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0024%	1h	773.80	+0.076%	$951K	$509K	20x	as long as short
Lighter RH SPY	+0.0032%	1h	773.92	+0.092%	$56.5M	$121.4M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.22	+0.001%	$923K	$1.3M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	772.59	−0.080%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.03	−0.023%	$4.8M	$865K	20x	as long as short
Nado SPY-PERP	+0.0054%	1h	773.32	+0.014%	$1.5M	$247K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.17	−0.005%	$2.5M	$998K	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	773.78	+0.074%	$1K	—	20x	as long as short
Aevo SPY-PERPlong	+0.0104%	1h	773.21	long leg	$87K	—	10x
Lighter SPY	+0.0120%	1h	773.79	+0.075%	$7.9M	$18.0M	50x	as long as short
edgeX SPYUSDC	+0.0147%	4h	773.74	+0.068%	$639K	$242K	20x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	773.74	+0.068%	$10K	—	26x	as long as short