SPY

Alert

Funding spread now, next payment 18:00 UTC−0.0181%/8h

paid, last 24h−0.015%paid, last 4 days+0.012%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPYUSDT	772.60	0.0181	pay 0.0181% / 8h	6h 50m	$10.9M	$3.0M	50x
Short	Deribit SPY_USDC-PERPETUAL	772.88	0	get 0.0000% / 1h	50m 43s	$22K	$73K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee DeribitbpOrdersRate

Funding earned: −$38.01
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$57.01
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.036%
Avg gap 7d: —

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, 4 min ago	0.13 bp	6.9 bp −$7	8.4 bp −$84	14.5 bp −$1,447	17.5 bp −$8,738
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPY on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix SPY	−0.0290%	1h	$160K	$266K	20x	as long as short
BloFin SPY-USDT	−0.0021%	8h	$431K	$695K	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.3M	$2.0M	100x	as long as short
Gate SPY_USDT	0.0000%	8h	$738K	$1.8M	75x	as long as short
SunX SPY-USDT	0.0000%	8h	$2K	$1.5M	10x	as long as short
Deribit SPY_USDC-PERPETUALshort	0.0000%	1h	$22K	$73K	20x
HTX SPY-USDT	0.0000%	8h	$308K	$23K	50x	as long as short
Lighter SPY	+0.0032%	1h	$9.1M	$20.9M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	$56.6M	$120.6M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	$955K	$1.1M	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	—	$84K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	$4.7M	$518K	20x	as long as short
Nado SPY-PERP	+0.0066%	1h	$1.6M	$367K	20x	as long as short
OKX SPY-USDT-SWAP	+0.0072%	8h	$8.1M	$3.0M	50x	as long as short
Binance SPYUSDT	+0.0098%	8h	$31.3M	$72.9M	50x	as long as short
MEXC SPY_USDT	+0.0099%	8h	$19.7M	$9.6M	100x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	$2.5M	$1.1M	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	$155K	$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	$87K	—	10x	as long as short
Aster SPYUSDT	+0.0105%	8h	$859K	$221K	20x	as long as short
RISEx SPY/USDC	+0.0126%	1h	$6.9M	$5.7M	25x	as long as short
Coinbase International SPY-PERP-INTX	+0.0136%	1h	$938K	$597K	20x	as long as short
Bitget SPYUSDTlong	+0.0181%	8h	$10.9M	$3.0M	50x
GMX SPY/USD [ETH-USDC]	L +0.0414% / S −0.3519%	1h	$24K	—	53x	as long as short
edgeX SPYUSDC	+0.0464%	4h	$639K	$240K	20x	as long as short