SPY

Alert

Funding spread now, next payment 20:00 UTC+0.0986%/8h

paid, last 24h−0.124%paid, last 7 days−0.600%to open and close $10k−$32

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.600% in total (about -31.3% 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	BloFin SPY-USDT	774.88	−0.0120	get 0.0120% / 8h	5h 04m	$430K	$717K	50x
Short	edgeX SPYUSDC	774.80	0.0866	get 0.0433% / 4h	1h 04m	$640K	$240K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee edgeXbpOrdersRate

Funding earned: $207.15
Slippage, 4 orders: −$10.72
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $175.43
Break-even: 1.1 days

Slippage from BloFin: live order book, 29 min ago; edgeX: live order book, 31 min ago.

Price risk

price view

Price gap now: −0.011%
Avg gap 7d: −0.019%

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 BloFin live order book, 29 min ago	0.06 bp	6.4 bp −$6	7.4 bp −$74	9.8 bp −$976	doesn't fit
Sell edgeX live order book, 31 min ago	5.10 bp	9.6 bp −$10	10.3 bp −$103	doesn't fit	doesn't fit

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.P	−0.0139%	1h	$4.8M	$849K	20x	as long as short
BloFin SPY-USDTlong	−0.0120%	8h	$430K	$717K	50x
Nado SPY-PERP	−0.0027%	1h	$1.6M	$277K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	$865K	$274K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	$29.0M	$83.8M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.2M	$2.2M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	$8.0M	$3.5M	50x	as long as short
RISEx SPY/USDC	0.0000%	1h	$6.9M	$5.7M	25x	as long as short
Gate SPY_USDT	0.0000%	8h	$740K	$2.0M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC SPY_USDT	0.0000%	8h	$22.6M	$12.3M	100x	as long as short
SunX SPY-USDT	0.0000%	8h	$2K	$1.6M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	$309K	$20K	50x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0021%	1h	$22K	$74K	20x	as long as short
Lighter SPY	+0.0032%	1h	$9.0M	$21.6M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	$57.4M	$125.2M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	$955K	$1.3M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$100K	50x	as long as short
Bitget SPYUSDT	+0.0079%	8h	$10.8M	$3.1M	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	$154K	$32K	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	$617K	20x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0327% / S −0.2140%	1h	$24K	—	53x	as long as short
edgeX SPYUSDCshort	+0.0866%	4h	$640K	$240K	20x