SPY

Alert

Funding spread now, next payment 16:00 UTC−0.0139%/8h

paid, last 24h+0.040%paid, last 7 days+0.022%to open and close $10k−$11

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SPYUSDT	770.50	0.0171	pay 0.0171% / 8h	33m 50s	$863K	$163K	20x
Short	Lighter SPY	770.52	0.0032	get 0.0004% / 1h	33m 50s	$9.5M	$18.2M	50x

Funding history

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latest

Position, each leg$Hold fordaysFee AsterbpFee LighterbpOrdersRate

Slippage from Aster: live order book, 15 min ago; Lighter: live order book, 11 min ago.

A gap far from its average can cost days of funding.

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

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 15 min ago	0.65 bp	4.6 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	0.39 bp	0.7 bp −$1	4.5 bp −$45	24.2 bp −$2,417	43.0 bp −$21.5K

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix SPY	−0.0375%	1h	$157K	$264K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.2M	$1.8M	100x	as long as short
Gate SPY_USDT	0.0000%	8h	$814K	$1.4M	75x	as long as short
SunX SPY-USDT	0.0000%	8h	$2K	$1.4M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	$307K	$23K	50x	as long as short
BloFin SPY-USDT	+0.0025%	8h	$440K	$666K	50x	as long as short
Nado SPY-PERP	+0.0026%	1h	$1.6M	$368K	20x	as long as short
Lighter SPYshort	+0.0032%	1h	$9.5M	$18.2M	50x
Lighter RH SPY	+0.0032%	1h	$57.5M	$116.3M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	$1.0M	$1.0M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Vest SPY-USD-PERP	+0.0046%	1h	—	$61K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	$4.8M	$414K	20x	as long as short
OKX SPY-USDT-SWAP	+0.0098%	8h	$8.2M	$2.7M	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
Aevo SPY-PERP	+0.0104%	1h	$86K	—	10x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0140%	1h	$18K	$57K	20x	as long as short
Binance SPYUSDT	+0.0145%	8h	$33.0M	$60.9M	50x	as long as short
MEXC SPY_USDT	+0.0145%	8h	$23.4M	$10.5M	100x	as long as short
Aster SPYUSDTlong	+0.0171%	8h	$863K	$163K	20x
Coinbase International SPY-PERP-INTX	+0.0192%	1h	$953K	$565K	20x	as long as short
edgeX SPYUSDC	+0.0233%	4h	$642K	$234K	20x	as long as short
Bitget SPYUSDT	+0.0240%	8h	$11.1M	$2.8M	50x	as long as short
RISEx SPY/USDC	+0.0258%	1h	$6.9M	$5.6M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0462% / S −0.4251%	1h	$24K	—	53x	as long as short