SPY

Alert

Funding spread now, next payment 17:00 UTC−0.0078%/8h

paid, last 24h+0.046%paid, last 4 days+0.028%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPY_USDC-PERPETUAL	772.12	0.0216	pay 0.0027% / 1h	42m 17s	$22K	$71K	20x
Short	Aster SPYUSDT	772.30	0.0138	get 0.0138% / 8h	7h 42m	$862K	$220K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee AsterbpOrdersRate

Funding earned: −$16.4
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$31.4
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.023%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	0.32 bp	4.3 bp −$4	6.1 bp −$61	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPY on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix SPY	−0.0280%	1h	$160K	$266K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.2M	$1.9M	100x	as long as short
Gate SPY_USDT	0.0000%	8h	$799K	$1.5M	75x	as long as short
SunX SPY-USDT	0.0000%	8h	$2K	$1.5M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	$307K	$23K	50x	as long as short
BloFin SPY-USDT	+0.0002%	8h	$433K	$688K	50x	as long as short
Lighter SPY	+0.0032%	1h	$9.1M	$19.7M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	$56.0M	$121.0M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$84K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	$4.8M	$431K	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado SPY-PERP	+0.0079%	1h	$1.6M	$365K	20x	as long as short
OKX SPY-USDT-SWAP	+0.0084%	8h	$8.2M	$2.8M	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	$2.5M	$1.1M	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	$155K	$31K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	$87K	—	10x	as long as short
MEXC SPY_USDT	+0.0121%	8h	$24.9M	$9.3M	100x	as long as short
Binance SPYUSDT	+0.0122%	8h	$31.7M	$67.7M	50x	as long as short
Aster SPYUSDTshort	+0.0138%	8h	$862K	$220K	20x
Coinbase International SPY-PERP-INTX	+0.0152%	1h	$945K	$581K	20x	as long as short
Arcus SPY-USD	+0.0154%	1h	$990K	$1.1M	50x	as long as short
Bitget SPYUSDT	+0.0206%	8h	$11.1M	$2.8M	50x	as long as short
Deribit SPY_USDC-PERPETUALlong	+0.0216%	1h	$22K	$71K	20x
RISEx SPY/USDC	+0.0339%	1h	$6.9M	$5.6M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0414% / S −0.3519%	1h	$24K	—	53x	as long as short
edgeX SPYUSDC	+0.0752%	4h	$643K	$236K	20x	as long as short