SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.008%

Price spread now: Bybit against Arcus+0.101%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.226% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.081%−$8 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.101%, 7d avg +0.097%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.097%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPY-USD	771.77	0.0040	pay 0.0005% / 1h	21m 15s	$924K	$1.3M	50x
Short	Bybit SPYUSDT	772.55	0	get 0.0000% / 8h	7h 21m	$6.2M	$1.5M	100x

Funding history

latest

Range statsloading…

Bybit against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee ArcusbpFee BybitbpOrdersPrice spread, now +0.101%Rate

Slippage from Arcus: live order book, 3 min ago; Bybit: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 3 min ago	0.06 bp	3.0 bp −$3	3.0 bp −$30	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.84 bp	6.3 bp −$6	9.9 bp −$99	31.8 bp −$3,184	doesn't fit

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	−0.0120%	8h	772.70	+0.121%	$418K	$408K	50x	as long as short
Phoenix SPY	−0.0031%	1h	772.16	+0.051%	$158K	$151K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	772.38	+0.080%	$860K	$199K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	772.74	+0.126%	$28.5M	$75.7M	50x	as long as short
Bybit SPYUSDTshort	0.0000%	8h	772.55	+0.101%	$6.2M	$1.5M	100x
OKX SPY-USDT-SWAP	0.0000%	8h	772.62	+0.110%	$7.8M	$3.2M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	772.37	+0.078%	$791K	$2.5M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	772.73	+0.124%	$19.1M	$12.2M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	772.95	+0.153%	$11.0M	$1.5M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	772.47	+0.091%	$159K	$330K	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	773.80	+0.263%	$2K	$1.3M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	772.68	+0.118%	$299K	$38K	50x	as long as short
Lighter RH SPY	+0.0032%	1h	773.03	+0.163%	$56.8M	$119.8M	50x	as long as short
Arcus SPY-USDlong	+0.0040%	1h	771.77	long leg	$924K	$1.3M	50x
Vest SPY-USD-PERP	+0.0046%	1h	771.66	−0.014%	—	$123K	50x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0048%	1h	772.61	+0.109%	$23K	$55K	20x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	771.54	−0.030%	$4.8M	$849K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0056%	1h	772.19	+0.054%	$951K	$508K	20x	as long as short
edgeX SPYUSDC	+0.0064%	4h	772.26	+0.064%	$638K	$242K	20x	as long as short
Nado SPY-PERP	+0.0077%	1h	772.34	+0.074%	$1.5M	$255K	20x	as long as short
Lighter SPY	+0.0096%	1h	772.68	+0.118%	$7.9M	$17.2M	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	772.04	+0.035%	$2.5M	$1.0M	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	772.07	+0.039%	$164K	$25K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	772.58	+0.105%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	772.04	+0.035%	$87K	—	10x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	772.75	+0.128%	$10K	—	26x	as long as short
RISEx SPY/USDC	+0.0211%	1h	772.68	+0.117%	$7.1M	$3.5M	25x	as long as short