SPY

Alert

Funding spread now, next payment 16:00 UTC−0.0247%/8h

next payment, per $10,000−$2.47paid, last 24h0.000%paid, last 7 days−0.045%to open and close $10k−$27

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPYUSDT	768.93	0.0247	pay 0.0247% / 8h	1h 42m	$11.0M	$2.5M	50x
Short	Bybit SPYUSDT	768.84	0	get 0.0000% / 8h	1h 42m	$6.3M	$1.6M	100x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersRate

Funding earned: −$51.87
Slippage, 4 orders: −$4.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$79.35
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.012%
Avg gap 7d: −0.025%

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

Backtest

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

Cost to enter

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	0.72 bp	6.8 bp −$7	10.2 bp −$102	14.5 bp −$1,447	18.6 bp −$9,325
Sell Bybit live order book, 2 min ago	0.26 bp	6.7 bp −$7	9.6 bp −$96	24.7 bp −$2,470	doesn't fit

SPY on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX SPYUSDC	−0.0611%	4h	$640K	$220K	20x	as long as short
Phoenix SPY	−0.0240%	1h	$184K	$229K	20x	as long as short
Bybit SPYUSDTshort	0.0000%	8h	$6.3M	$1.6M	100x
Gate SPY_USDT	0.0000%	8h	$832K	$1.1M	75x	as long as short
SunX SPY-USDT	0.0000%	8h	$2K	$1.3M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	$18K	$53K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	$306K	$23K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0010%	1h	$4.7M	$328K	20x	as long as short
Nado SPY-PERP	+0.0011%	1h	$1.5M	$357K	20x	as long as short
Arcus SPY-USD	+0.0040%	1h	$1.1M	$733K	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
BloFin SPY-USDT	+0.0049%	8h	$446K	$627K	50x	as long as short
Lighter RH SPY	+0.0056%	1h	$57.6M	$108.9M	50x	as long as short
RISEx SPY/USDC	+0.0079%	1h	$6.8M	$5.3M	25x	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
OKX SPY-USDT-SWAP	+0.0114%	8h	$8.4M	$2.3M	50x	as long as short
Lighter SPY	+0.0136%	1h	$10.8M	$13.4M	50x	as long as short
Binance SPYUSDT	+0.0168%	8h	$33.4M	$55.9M	50x	as long as short
MEXC SPY_USDT	+0.0169%	8h	$19.8M	$11.3M	100x	as long as short
Aster SPYUSDT	+0.0169%	8h	$859K	$138K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0208%	1h	$959K	$551K	20x	as long as short
Bitget SPYUSDTlong	+0.0247%	8h	$11.0M	$2.5M	50x
GMX SPY/USD [ETH-USDC]	L +0.0429% / S −0.3519%	1h	$20K	—	26x	as long as short