data as of
Settings8H · net · $10k
Funding arb /

SPY

RWAall SPY markets
SwapPrice view
Alert
Funding spread now, next payment 15:00 UTC−0.0047%/8h
paid, last 24h+0.066%paid, last 3 days+0.020%to open and close $10k−$25
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SPY-PERP-INTX770.330.0192pay 0.0024% / 1h33m 46s$953K$565K20x
ShortBinance SPYUSDT770.590.0145get 0.0145% / 8h33m 46s$33.0M$60.9M50x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$9.92
Slippage, 4 orders
−$4.62
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$34.54
Break-even
never at this rate
Slippage from Coinbase International: live order book, 21 min ago; Binance: live order book, 10 min ago.

Price risk

price view
Price gap now
+0.034%
Avg gap 7d
+0.074%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 21 min ago0.06 bp8.0 bp −$810.1 bp −$10128.1 bp −$2,814doesn't fit
Sell Binance live order book, 10 min ago0.06 bp5.1 bp −$55.2 bp −$529.0 bp −$90027.0 bp −$13.5K

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0375%1h$157K$264K20xas long as short
Bybit SPYUSDT0.0000%8h$6.2M$1.8M100xas long as short
Gate SPY_USDT0.0000%8h$814K$1.4M75xas long as short
SunX SPY-USDT0.0000%8h$2K$1.4M10xas long as short
HTX SPY-USDT0.0000%8h$307K$23K50xas long as short
BloFin SPY-USDT+0.0025%8h$440K$666K50xas long as short
Nado SPY-PERP+0.0026%1h$1.6M$368K20xas long as short
Lighter SPY+0.0032%1h$9.5M$18.2M50xas long as short
Lighter RH SPY+0.0032%1h$57.5M$116.4M50xas long as short
Arcus SPY-USD+0.0040%1h$1.0M$1.0M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Vest SPY-USD-PERP+0.0046%1h$61K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h$4.8M$414K20xas long as short
OKX SPY-USDT-SWAP+0.0098%8h$8.2M$2.7M50xas long as short
KuCoin SPYUSDTM+0.0100%8h$2.4M$1.2M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h$154K$31K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h$1K20xas long as short
Aevo SPY-PERP+0.0104%1h$86K10xas long as short
Deribit SPY_USDC-PERPETUAL+0.0140%1h$18K$57K20xas long as short
MEXC SPY_USDT+0.0144%8h$23.4M$10.5M100xas long as short
Binance SPYUSDTshort+0.0145%8h$33.0M$60.9M50x
Aster SPYUSDT+0.0170%8h$863K$163K20xas long as short
Coinbase International SPY-PERP-INTXlong+0.0192%1h$953K$565K20x
edgeX SPYUSDC+0.0233%4h$642K$234K20xas long as short
Bitget SPYUSDT+0.0240%8h$11.1M$2.8M50xas long as short
RISEx SPY/USDC+0.0258%1h$6.9M$5.6M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0462% / S −0.4251%1h$24K53xas long as short