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

SPY

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 00:00 UTC−0.0098%/8h
next payment, per $10,000−$0.98paid, last 24h+0.024%paid, last 7 days+0.037%to open and close $10k−$23
Long on BitgetShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SPYUSDT773.490.0141pay 0.0141% / 8h6h 13m$10.9M$3.1M50x
ShortAster SPYUSDT773.280.0043get 0.0043% / 8h6h 13m$862K$273K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$20.58
Slippage, 4 orders
−$2.67
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$43.25
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Aster: live order book, 26 min ago.

Price risk

price view
Price gap now
−0.027%
Avg gap 7d
−0.002%
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 Bitget live order book, 2 min ago0.06 bp6.6 bp −$79.0 bp −$9012.0 bp −$1,20316.7 bp −$8,334
Sell Aster live order book, 26 min ago0.06 bp4.1 bp −$46.0 bp −$60doesn't fitdoesn't fit

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0290%1h$160K$266K20xas long as short
Ondo Perps SPY-USD.P−0.0100%1h$4.7M$779K20xas long as short
BloFin SPY-USDT−0.0078%8h$431K$705K50xas long as short
Nado SPY-PERP−0.0005%1h$1.6M$257K20xas long as short
Bybit SPYUSDT0.0000%8h$6.3M$2.1M100xas long as short
Gate SPY_USDT0.0000%8h$738K$1.9M75xas long as short
SunX SPY-USDT0.0000%8h$2K$1.6M10xas long as short
HTX SPY-USDT0.0000%8h$308K$23K50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0009%1h$22K$73K20xas long as short
OKX SPY-USDT-SWAP+0.0028%8h$8.1M$3.2M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter SPY+0.0032%1h$9.1M$21.5M50xas long as short
Lighter RH SPY+0.0032%1h$57.0M$124.7M50xas long as short
Arcus SPY-USD+0.0040%1h$932K$1.2M50xas long as short
MEXC SPY_USDT+0.0042%8h$26.9M$10.6M100xas long as short
Binance SPYUSDT+0.0042%8h$29.4M$79.3M50xas long as short
Aster SPYUSDTshort+0.0043%8h$862K$273K20x
Vest SPY-USD-PERP+0.0046%1h—$84K50xas long as short
KuCoin SPYUSDTM+0.0100%8h$2.5M$1.1M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h$155K$31K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h$1K—20xas long as short
Aevo SPY-PERP+0.0104%1h$87K—10xas long as short
RISEx SPY/USDC+0.0126%1h$7.0M$5.7M25xas long as short
Coinbase International SPY-PERP-INTX+0.0136%1h$931K$610K20xas long as short
Bitget SPYUSDTlong+0.0141%8h$10.9M$3.1M50x
GMX SPY/USD [ETH-USDC]L +0.0370% / S −0.2805%1h$24K—53xas long as short
edgeX SPYUSDC+0.0995%4h$639K$241K20xas long as short