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

SPY

RWAall SPY markets
SwapPrice view
Alert
Funding spread now, next payment 14:00 UTC−0.0108%/8h
paid, last 24h+0.061%paid, last 7 days+0.184%to open and close $10k−$39
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SPY-PERP-INTX769.550.0208pay 0.0026% / 1h21m 49s$959K$553K20x
ShortKuCoin SPYUSDTM769.680.0100get 0.0100% / 8h1h 21m$2.4M$1.2M20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$22.68
Slippage, 4 orders
−$17.28
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$61.96
Break-even
never at this rate
Slippage from Coinbase International: live order book, 38 min ago; KuCoin: live order book, 1 min ago.

Price risk

price view
Price gap now
+0.017%
Avg gap 7d
+0.025%
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 −$9427.0 bp −$2,704doesn't fit
Sell KuCoin live order book, 1 min ago3.25 bp10.7 bp −$11107.4 bp −$1,074doesn't fitdoesn't fit

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0240%1h$168K$229K20xas long as short
Bybit SPYUSDT0.0000%8h$6.2M$1.7M100xas long as short
Gate SPY_USDT0.0000%8h$813K$1.2M75xas long as short
SunX SPY-USDT0.0000%8h$2K$1.3M10xas long as short
HTX SPY-USDT0.0000%8h$307K$23K50xas long as short
Nado SPY-PERP0.0000%1h$1.5M$360K20xas long as short
BloFin SPY-USDT+0.0034%8h$444K$630K50xas long as short
Arcus SPY-USD+0.0040%1h$1.0M$958K50xas long as short
Ondo Perps SPY-USD.P+0.0046%1h$4.8M$390K20xas long as short
Vest SPY-USD-PERP+0.0046%1h$61K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter RH SPY+0.0064%1h$57.6M$112.7M50xas long as short
RISEx SPY/USDC+0.0079%1h$6.8M$5.4M25xas long as short
Deribit SPY_USDC-PERPETUAL+0.0088%1h$18K$55K20xas long as short
Lighter SPY+0.0096%1h$10.8M$14.4M50xas long as short
KuCoin SPYUSDTMshort+0.0100%8h$2.4M$1.2M20x
ApeX Omni SPYUSDT+0.0100%1h$154K$31K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h$1K20xas long as short
OKX SPY-USDT-SWAP+0.0102%8h$8.3M$2.5M50xas long as short
Aevo SPY-PERP+0.0104%1h$86K10xas long as short
MEXC SPY_USDT+0.0153%8h$19.9M$11.4M100xas long as short
Aster SPYUSDT+0.0154%8h$861K$156K20xas long as short
Binance SPYUSDT+0.0154%8h$33.3M$58.8M50xas long as short
Coinbase International SPY-PERP-INTXlong+0.0208%1h$959K$553K20x
Bitget SPYUSDT+0.0242%8h$11.0M$2.6M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0428% / S −0.3519%1h$20K26xas long as short
edgeX SPYUSDC+0.0976%4h$641K$234K20xas long as short