data as of
Settings8H · net · $10k
Funding arb /

SPY

RWAall SPY markets
SwapPrice view
Alert
Funding spread now, next payment 16:00 UTC−0.0156%/8h
next payment, per $10,000$1.56paid, last 24h−0.030%paid, last 3 days−0.030%to open and close $10k−$35
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SPYUSDT769.770.0156pay 0.0156% / 8h1h 28m$33.4M$58.3M50x
ShortGate SPY_USDT769.300get 0.0000% / 8h1h 28m$813K$1.2M75x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$32.69
Slippage, 4 orders
−$10.2
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$67.88
Break-even
never at this rate
Slippage from Binance: live order book, 15 min ago; Gate: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.061%
Avg gap 7d
−0.028%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 15 min ago0.06 bp5.1 bp −$55.6 bp −$5610.2 bp −$1,01827.8 bp −$13.9K
Sell Gate live order book, 5 min ago1.82 bp13.8 bp −$1418.4 bp −$18452.8 bp −$5,280doesn't fit

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0240%1h$176K$229K20xas long as short
Nado SPY-PERP−0.0009%1h$1.5M$360K20xas long as short
Bybit SPYUSDT0.0000%8h$6.2M$1.7M100xas long as short
Gate SPY_USDTshort0.0000%8h$813K$1.2M75x
SunX SPY-USDT0.0000%8h$2K$1.3M10xas long as short
HTX SPY-USDT0.0000%8h$307K$23K50xas long as short
Ondo Perps SPY-USD.P+0.0024%1h$4.7M$384K20xas long as short
BloFin SPY-USDT+0.0036%8h$443K$629K50xas long as short
Arcus SPY-USD+0.0040%1h$1.0M$957K50xas long as short
Vest SPY-USD-PERP+0.0046%1h$61K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter RH SPY+0.0056%1h$57.5M$112.0M50xas long as short
RISEx SPY/USDC+0.0079%1h$6.8M$5.4M25xas long as short
Lighter SPY+0.0096%1h$10.8M$14.0M50xas long as short
KuCoin SPYUSDTM+0.0100%8h$2.4M$1.2M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h$154K$31K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h$1K20xas long as short
Deribit SPY_USDC-PERPETUAL+0.0101%1h$18K$54K20xas long as short
OKX SPY-USDT-SWAP+0.0102%8h$8.3M$2.5M50xas long as short
Aevo SPY-PERP+0.0104%1h$86K10xas long as short
Binance SPYUSDTlong+0.0156%8h$33.4M$58.3M50x
Aster SPYUSDT+0.0156%8h$860K$156K20xas long as short
MEXC SPY_USDT+0.0156%8h$19.9M$11.4M100xas long as short
Coinbase International SPY-PERP-INTX+0.0208%1h$959K$553K20xas long as short
Bitget SPYUSDT+0.0241%8h$11.0M$2.6M50xas long as short
edgeX SPYUSDC+0.0246%4h$641K$235K20xas long as short
GMX SPY/USD [ETH-USDC]L +0.0429% / S −0.3519%1h$20K26xas long as short