Settings8H · net · $10k
Funding arb · Price arb /

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.024%
Price spread now: Aevo against BloFin−0.077%53s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.426%+$43 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Aevo is 0.077% cheaper against BloFin than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 27 hours of funding at the current rate (+$7 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SPY-USDT774.23−0.0120get 0.0120% / 8h4h 05m$417K$468K50x
ShortAevo SPY-PERP773.640.0104get 0.0013% / 1h5m 40s$87K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$47.04
Price spread: −0.077% → 0.000%
−$7.67
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
$11.37
Costs to cover
0.280%
Break-even
5.3 days
Slippage unknown: BloFin: live order book, 30 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 30 min ago0.06 bp6.1 bp −$66.4 bp −$649.0 bp −$89715.2 bp −$7,599
Sell Aevo no order-book sample
Aevo: 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 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SPY-USDTlong−0.0120%8h774.23long leg$417K$468K50x
ApeX Omni SPYUSDT−0.0032%1h772.98−0.161%$162K$24K50xas long as short
Binance SPYUSDT0.0000%8h774.19−0.005%$28.2M$79.7M50xas long as short
Bybit SPYUSDT0.0000%8h774.26+0.004%$6.3M$2.0M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.21−0.003%$7.9M$3.2M50xas long as short
Gate SPY_USDT0.0000%8h773.70−0.068%$775K$2.4M75xas long as short
MEXC SPY_USDT0.0000%8h774.22−0.001%$27.6M$12.3M100xas long as short
Bitget SPYUSDT0.0000%8h774.40+0.022%$10.9M$1.8M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.37+0.018%$163K$374K10xas long as short
Phoenix SPY0.0000%1h773.65−0.075%$161K$295K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDT0.0000%8h775.26+0.133%$2K$1.4M10xas long as short
Deribit SPY_USDC-PERPETUAL0.0000%1h773.84−0.050%$23K$56K20xas long as short
HTX SPY-USDT0.0000%8h774.43+0.026%$308K$20K50xas long as short
Arcus SPY-USD+0.0040%1h773.59−0.083%$935K$1.4M50xas long as short
Aster SPYUSDT+0.0043%8h774.29+0.007%$865K$196K20xas long as short
Vest SPY-USD-PERP+0.0046%1h773.05−0.152%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.43−0.103%$4.8M$828K20xas long as short
Lighter RH SPY+0.0056%1h774.51+0.036%$56.5M$115.9M50xas long as short
Coinbase International SPY-PERP-INTX+0.0064%1h774.05−0.023%$954K$552K20xas long as short
Nado SPY-PERP+0.0075%1h773.85−0.050%$1.5M$280K20xas long as short
Lighter SPY+0.0088%1h774.230.000%$8.2M$19.7M50xas long as short
KuCoin SPYUSDTM+0.0100%8h773.93−0.039%$2.5M$971K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.26+0.004%$1K20xas long as short
Aevo SPY-PERPshort+0.0104%1h773.64−0.077%$87K10x
RISEx SPY/USDC+0.0173%1h774.34+0.014%$7.0M$5.0M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.24+0.001%$10K26xas long as short
edgeX SPYUSDC+0.0333%4h774.09−0.018%$640K$241K20xas long as short