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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Aevo against ApeX Omni−0.067%50s7-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+0.022%+$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.067% cheaper against ApeX Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SPYUSDT774.570.0100pay 0.0013% / 1h57m 29s$226K$54K50x
ShortAevo SPY-PERP774.050.0104get 0.0013% / 1h57m 29s$87K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against ApeX Omni. 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: −0.067% → 0.000%
−$6.69
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$31.85
Costs to cover
0.260%
Break-even
272.4 days
Slippage unknown: ApeX Omni: live order book, 47 min ago; Aevo: no order-book sample. 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 ApeX Omni live order book, 47 min ago4.52 bp31.3 bp −$3198.0 bp −$980doesn't fitdoesn't fit
Sell Aevo no order-book sample
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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SPY-USDT−0.0120%8h774.78+0.027%$420K$371K50xas long as short
Arcus SPY-USD−0.0042%1h773.75−0.106%$1.0M$1.4M50xas long as short
Aster SPYUSDT0.0000%8h774.59+0.002%$863K$206K20xas long as short
Binance SPYUSDT0.0000%8h774.570.000%$28.5M$73.4M50xas long as short
Bybit SPYUSDT0.0000%8h774.53−0.005%$6.2M$1.5M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.59+0.003%$7.8M$3.1M50xas long as short
RISEx SPY/USDC0.0000%1h774.55−0.003%$7.1M$3.2M25xas long as short
Gate SPY_USDT0.0000%8h774.11−0.059%$789K$2.4M75xas long as short
MEXC SPY_USDT0.0000%8h774.570.000%$29.4M$13.4M100xas long as short
Bitget SPYUSDT0.0000%8h774.70+0.017%$11.1M$1.5M50xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT SPY_USDT_Perp0.0000%8h775.11+0.070%$165K$335K10xas long as short
Phoenix SPY0.0000%1h774.36−0.027%$158K$74K20xas long as short
SunX SPY-USDT0.0000%8h775.81+0.160%$2K$1.1M10xas long as short
HTX SPY-USDT0.0000%8h775.18+0.079%$300K$25K50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0021%1h774.26−0.040%$23K$38K20xas long as short
Lighter SPY+0.0032%1h774.29−0.036%$7.8M$16.0M50xas long as short
Lighter RH SPY+0.0032%1h774.61+0.005%$57.2M$114.3M50xas long as short
Coinbase International SPY-PERP-INTX+0.0040%1h774.26−0.040%$952K$172K20xas long as short
Vest SPY-USD-PERP+0.0046%1h773.38−0.154%$85K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.65−0.119%$4.8M$835K20xas long as short
Nado SPY-PERP+0.0068%1h774.13−0.056%$1.5M$276K20xas long as short
KuCoin SPYUSDTM+0.0100%8h774.24−0.043%$2.5M$1.0M20xas long as short
ApeX Omni SPYUSDTlong+0.0100%1h774.57long leg$226K$54K50x
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.55−0.003%$1K20xas long as short
Aevo SPY-PERPshort+0.0104%1h774.05−0.067%$87K10x
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.63+0.007%$10K26xas long as short
edgeX SPYUSDC+0.0788%4h774.62+0.007%$640K$244K20xas long as short