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

SPY

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC−0.0153%/8h
paid, last 24h+0.038%paid, last 7 days−0.217%to open and close $10k−$26
Long on Coinbase InternationalShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SPY-PERP-INTX771.940.0152pay 0.0019% / 1h34m 26s$946K$586K20x
ShortBloFin SPY-USDT772.16−0.0001pay 0.0001% / 8h7h 34m$431K$708K50x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$32.2
Slippage, 4 orders
−$3.54
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$57.73
Break-even
never at this rate
Slippage from Coinbase International: live order book, 15 min ago; BloFin: live order book, 9 min ago.

Price risk

price view
Price gap now
+0.028%
Avg gap 7d
+0.078%
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, 15 min ago0.06 bp7.8 bp −$810.5 bp −$10527.6 bp −$2,760doesn't fit
Sell BloFin live order book, 9 min ago0.13 bp6.1 bp −$66.5 bp −$659.0 bp −$89817.9 bp −$8,964

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0280%1h$160K$266K20xas long as short
BloFin SPY-USDTshort−0.0001%8h$431K$708K50x
Bybit SPYUSDT0.0000%8h$6.2M$1.9M100xas long as short
Gate SPY_USDT0.0000%8h$799K$1.5M75xas long as short
SunX SPY-USDT0.0000%8h$2K$1.5M10xas long as short
HTX SPY-USDT0.0000%8h$307K$23K50xas long as short
Lighter SPY+0.0032%1h$9.0M$19.9M50xas long as short
Lighter RH SPY+0.0032%1h$56.2M$121.6M50xas long as short
Vest SPY-USD-PERP+0.0046%1h—$84K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h$4.8M$431K20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Nado SPY-PERP+0.0079%1h$1.6M$365K20xas long as short
OKX SPY-USDT-SWAP+0.0081%8h$8.2M$2.9M50xas long as short
KuCoin SPYUSDTM+0.0100%8h$2.5M$1.1M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h$155K$31K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h$1K—20xas long as short
Aevo SPY-PERP+0.0104%1h$87K—10xas long as short
MEXC SPY_USDT+0.0118%8h$25.0M$9.3M100xas long as short
Binance SPYUSDT+0.0118%8h$31.8M$68.6M50xas long as short
Aster SPYUSDT+0.0133%8h$861K$220K20xas long as short
Coinbase International SPY-PERP-INTXlong+0.0152%1h$946K$586K20x
Arcus SPY-USD+0.0154%1h$990K$1.1M50xas long as short
Bitget SPYUSDT+0.0201%8h$11.1M$2.8M50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0216%1h$22K$71K20xas long as short
RISEx SPY/USDC+0.0339%1h$6.9M$5.6M25xas long as short
edgeX SPYUSDC+0.0394%4h$643K$235K20xas long as short
GMX SPY/USD [ETH-USDC]L +0.0414% / S −0.3519%1h$24K—53xas long as short