SPY

Alert

Funding spread now, next payment 15:00 UTC+0.0127%/8h

paid, last 24h−0.005%paid, last 4 days+0.054%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPYUSDT	769.99	0	get 0.0000% / 8h	1h 22m	$6.2M	$1.7M	100x
Short	Deribit SPY_USDC-PERPETUAL	769.76	0.0127	get 0.0016% / 1h	22m 34s	$18K	$55K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee DeribitbpOrdersRate

Funding earned: $26.64
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $8.64
Break-even: 4.7 days

Slippage unknown: Bybit: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.030%
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 Bybit live order book, 2 min ago	0.06 bp	6.5 bp −$6	8.7 bp −$87	18.0 bp −$1,799	doesn't fit
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	−0.0240%	1h	$168K	$229K	20x	as long as short
Nado SPY-PERP	−0.0001%	1h	$1.5M	$360K	20x	as long as short
Bybit SPYUSDTlong	0.0000%	8h	$6.2M	$1.7M	100x
Gate SPY_USDT	0.0000%	8h	$813K	$1.2M	75x	as long as short
SunX SPY-USDT	0.0000%	8h	$1K	$1.3M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	$307K	$23K	50x	as long as short
BloFin SPY-USDT	+0.0034%	8h	$444K	$630K	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	$1.0M	$958K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0046%	1h	$4.8M	$390K	20x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$61K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH SPY	+0.0064%	1h	$57.6M	$112.7M	50x	as long as short
RISEx SPY/USDC	+0.0079%	1h	$6.8M	$5.4M	25x	as long as short
Lighter SPY	+0.0088%	1h	$10.8M	$14.4M	50x	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
OKX SPY-USDT-SWAP	+0.0102%	8h	$8.3M	$2.5M	50x	as long as short
Aevo SPY-PERP	+0.0104%	1h	$86K	—	10x	as long as short
Deribit SPY_USDC-PERPETUALshort	+0.0127%	1h	$18K	$55K	20x
MEXC SPY_USDT	+0.0153%	8h	$19.9M	$11.4M	100x	as long as short
Aster SPYUSDT	+0.0154%	8h	$861K	$156K	20x	as long as short
Binance SPYUSDT	+0.0154%	8h	$33.3M	$58.7M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0208%	1h	$959K	$554K	20x	as long as short
Bitget SPYUSDT	+0.0242%	8h	$11.0M	$2.6M	50x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0428% / S −0.3519%	1h	$20K	—	26x	as long as short
edgeX SPYUSDC	+0.0976%	4h	$641K	$234K	20x	as long as short