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

SPY

RWAall SPY markets
SwapPrice view
Alert
Funding spread now, next payment 17:00 UTC−0.0136%/8h
paid, last 24h+0.026%paid, last 7 days−0.009%to open and close $10k−$26
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SPY-PERP-INTX772.590.0136pay 0.0017% / 1h47m 12s$938K$597K20x
ShortBybit SPYUSDT772.660get 0.0000% / 8h6h 47m$6.3M$2.0M100x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$28.56
Slippage, 4 orders
−$4.68
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$54.24
Break-even
never at this rate
Slippage from Coinbase International: live order book, 63 min ago; Bybit: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.009%
Avg gap 7d
+0.048%
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, 63 min ago0.06 bp7.8 bp −$810.5 bp −$10527.6 bp −$2,760doesn't fit
Sell Bybit live order book, 2 min ago0.19 bp6.5 bp −$79.7 bp −$9719.8 bp −$1,976doesn't fit

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0290%1h$160K$266K20xas long as short
BloFin SPY-USDT−0.0027%8h$432K$695K50xas long as short
Bybit SPYUSDTshort0.0000%8h$6.3M$2.0M100x
Gate SPY_USDT0.0000%8h$739K$1.8M75xas long as short
SunX SPY-USDT0.0000%8h$1K$1.5M10xas long as short
Deribit SPY_USDC-PERPETUAL0.0000%1h$22K$73K20xas long as short
HTX SPY-USDT0.0000%8h$308K$23K50xas long as short
Lighter SPY+0.0032%1h$9.1M$21.0M50xas long as short
Lighter RH SPY+0.0032%1h$56.6M$121.1M50xas long as short
Arcus SPY-USD+0.0040%1h$950K$1.1M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Vest SPY-USD-PERP+0.0046%1h$84K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h$4.7M$534K20xas long as short
Nado SPY-PERP+0.0056%1h$1.6M$366K20xas long as short
OKX SPY-USDT-SWAP+0.0068%8h$8.1M$3.1M50xas long as short
Binance SPYUSDT+0.0093%8h$31.3M$74.4M50xas long as short
MEXC SPY_USDT+0.0094%8h$19.7M$9.7M100xas long as short
Aster SPYUSDT+0.0099%8h$859K$221K20xas 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$1K20xas long as short
Aevo SPY-PERP+0.0104%1h$87K10xas long as short
edgeX SPYUSDC+0.0125%4h$638K$241K20xas long as short
RISEx SPY/USDC+0.0126%1h$6.9M$5.6M25xas long as short
Coinbase International SPY-PERP-INTXlong+0.0136%1h$938K$597K20x
Bitget SPYUSDT+0.0177%8h$10.9M$3.0M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0415% / S −0.3519%1h$24K53xas long as short