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

SPY

RWAall SPY markets
SwapPrice view
Alert
Funding spread now, next payment 18:00 UTC−0.0027%/8h
paid, last 24h+0.041%paid, last 7 days+0.041%to open and close $10k−$26
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SPY-PERP-INTX774.430.0104pay 0.0013% / 1h1m 33s$933K$617K20x
ShortBitget SPYUSDT774.810.0077get 0.0077% / 8h5h 01m$10.8M$3.1M50x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$5.67
Slippage, 4 orders
−$4.44
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$32.11
Break-even
never at this rate
Slippage from Coinbase International: live order book, 38 min ago; Bitget: live order book, 3 min ago.

Price risk

price view
Price gap now
+0.049%
Avg gap 7d
+0.085%
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, 38 min ago0.06 bp7.3 bp −$79.4 bp −$9430.3 bp −$3,032doesn't fit
Sell Bitget live order book, 3 min ago0.26 bp7.0 bp −$78.5 bp −$8517.7 bp −$1,775doesn't fit

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0404%1h$161K$295K20xas long as short
BloFin SPY-USDT−0.0120%8h$430K$717K50xas long as short
Ondo Perps SPY-USD.P−0.0119%1h$4.8M$865K20xas long as short
Nado SPY-PERP−0.0027%1h$1.6M$277K20xas long as short
Aster SPYUSDT0.0000%8h$865K$274K20xas long as short
Binance SPYUSDT0.0000%8h$29.0M$83.9M50xas long as short
Bybit SPYUSDT0.0000%8h$6.2M$2.2M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h$8.0M$3.5M50xas long as short
RISEx SPY/USDC0.0000%1h$6.9M$5.7M25xas long as short
Gate SPY_USDT0.0000%8h$739K$2.0M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
MEXC SPY_USDT0.0000%8h$22.6M$12.3M100xas long as short
SunX SPY-USDT0.0000%8h$2K$1.6M10xas long as short
Deribit SPY_USDC-PERPETUAL0.0000%1h$22K$74K20xas long as short
HTX SPY-USDT0.0000%8h$309K$20K50xas long as short
Lighter SPY+0.0032%1h$9.0M$21.6M50xas long as short
Lighter RH SPY+0.0032%1h$57.3M$125.8M50xas long as short
Arcus SPY-USD+0.0040%1h$955K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h$100K50xas long as short
Bitget SPYUSDTshort+0.0077%8h$10.8M$3.1M50x
KuCoin SPYUSDTM+0.0100%8h$2.5M$1.0M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h$154K$32K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h$1K20xas long as short
Aevo SPY-PERP+0.0104%1h$87K10xas long as short
Coinbase International SPY-PERP-INTXlong+0.0104%1h$933K$617K20x
GMX SPY/USD [ETH-USDC]L +0.0327% / S −0.1264%1h$25K53xas long as short
edgeX SPYUSDC+0.0791%4h$640K$240K20xas long as short