SPY

Alert

Funding spread now, next payment 19:00 UTC−0.0288%/8h

paid, last 24h−0.003%paid, last 7 days−0.140%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% a year). A funding rate is set anew for every payment. 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	773.59	0.0116	pay 0.0116% / 8h	5h 46m	$10.8M	$3.1M	50x
Short	Ondo Perps SPY-USD.P	772.50	−0.0172	pay 0.0022% / 1h	46m 11s	$4.7M	$779K	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee Ondo PerpsbpOrdersRate

Funding earned: −$60.48
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$77.48
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.141%
Avg gap 7d: −0.180%

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	0.19 bp	6.7 bp −$7	8.5 bp −$85	14.4 bp −$1,435	17.6 bp −$8,796
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0404%	1h	$161K	$295K	20x	as long as short
Ondo Perps SPY-USD.Pshort	−0.0172%	1h	$4.7M	$779K	20x
BloFin SPY-USDT	−0.0105%	8h	$430K	$706K	50x	as long as short
Nado SPY-PERP	−0.0047%	1h	$1.6M	$257K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.3M	$2.1M	100x	as long as short
RISEx SPY/USDC	0.0000%	1h	$7.0M	$5.7M	25x	as long as short
Gate SPY_USDT	0.0000%	8h	$738K	$2.0M	75x	as long as short
SunX SPY-USDT	0.0000%	8h	$2K	$1.6M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	$22K	$73K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	$308K	$23K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX SPY-USDT-SWAP	+0.0004%	8h	$8.1M	$3.2M	50x	as long as short
Binance SPYUSDT	+0.0014%	8h	$29.2M	$80.9M	50x	as long as short
MEXC SPY_USDT	+0.0015%	8h	$27.3M	$9.2M	100x	as long as short
Aster SPYUSDT	+0.0027%	8h	$861K	$273K	20x	as long as short
Lighter RH SPY	+0.0032%	1h	$56.9M	$122.1M	50x	as long as short
Lighter SPY	+0.0040%	1h	$9.0M	$21.1M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	$934K	$1.2M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$84K	50x	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
Coinbase International SPY-PERP-INTX	+0.0104%	1h	$933K	$605K	20x	as long as short
Bitget SPYUSDTlong	+0.0116%	8h	$10.8M	$3.1M	50x
GMX SPY/USD [ETH-USDC]	L +0.0327% / S −0.2140%	1h	$24K	—	53x	as long as short
edgeX SPYUSDC	+0.0410%	4h	$639K	$240K	20x	as long as short