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

SPY

RWAall SPY markets
SwapPrice view
Alert
Funding spread now, next payment 18:00 UTC−0.0072%/8h
next payment, per $10,000$0.09paid, last 24h+0.090%paid, last 7 days+0.094%to open and close $10k−$14
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SPY-PERP-INTX773.890.0104pay 0.0013% / 1h17m 26s$934K$614K20x
ShortLighter SPY774.370.0032get 0.0004% / 1h17m 26s$9.0M$21.3M50x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$15.12
Slippage, 4 orders
−$4.18
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$29.3
Break-even
never at this rate
Slippage from Coinbase International: live order book, 22 min ago; Lighter: live order book, 8 min ago.

Price risk

price view
Price gap now
+0.062%
Avg gap 7d
+0.035%
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, 22 min ago0.06 bp7.3 bp −$79.4 bp −$9430.3 bp −$3,032doesn't fit
Sell Lighter live order book, 8 min ago0.52 bp1.0 bp −$11.9 bp −$1917.6 bp −$1,76536.0 bp −$18.0K

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0404%1h$161K$295K20xas long as short
Ondo Perps SPY-USD.P−0.0166%1h$4.7M$778K20xas long as short
BloFin SPY-USDT−0.0120%8h$430K$716K50xas long as short
Nado SPY-PERP−0.0025%1h$1.6M$270K20xas long as short
Aster SPYUSDT0.0000%8h$864K$274K20xas long as short
Binance SPYUSDT0.0000%8h$29.0M$82.9M50xas long as short
Bybit SPYUSDT0.0000%8h$6.2M$2.2M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h$8.1M$3.3M50xas long as short
RISEx SPY/USDC0.0000%1h$7.0M$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$18.9M$11.6M100xas long as short
SunX SPY-USDT0.0000%8h$2K$1.6M10xas long as short
HTX SPY-USDT0.0000%8h$308K$23K50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0021%1h$22K$74K20xas long as short
Lighter SPYshort+0.0032%1h$9.0M$21.3M50x
Lighter RH SPY+0.0032%1h$57.1M$124.0M50xas long as short
Arcus SPY-USD+0.0040%1h$950K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h$100K50xas long as short
Bitget SPYUSDT+0.0089%8h$10.9M$3.1M50xas long as short
KuCoin SPYUSDTM+0.0100%8h$2.5M$1.1M20xas 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$934K$614K20x
GMX SPY/USD [ETH-USDC]L +0.0327% / S −0.2140%1h$24K53xas long as short
edgeX SPYUSDC+0.0978%4h$640K$240K20xas long as short