SPY

Alert

Funding spread now, next payment 19:00 UTC−0.0034%/8h

paid, last 24h−0.014%paid, last 4 days−0.060%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	774.68	0.0034	pay 0.0004% / 1h	6m 39s	$22K	$74K	20x
Short	SunX SPY-USDT	775.85	0	get 0.0000% / 8h	5h 06m	$2K	$1.6M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee SunXbpOrdersRate

Funding earned: −$7.15
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 5 bp × 2 orders: −$10
Net: −$24.15
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; SunX: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.151%
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 SunX live order book, 5 min ago	29.07 bp	129.7 bp −$130	doesn't fit	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	−0.0404%	1h	$161K	$295K	20x	as long as short
Ondo Perps SPY-USD.P	−0.0142%	1h	$4.8M	$849K	20x	as long as short
BloFin SPY-USDT	−0.0120%	8h	$430K	$717K	50x	as long as short
Nado SPY-PERP	−0.0027%	1h	$1.6M	$277K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	$865K	$274K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	$29.0M	$83.6M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.3M	$2.2M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	$8.1M	$3.4M	50x	as long as short
RISEx SPY/USDC	0.0000%	1h	$6.9M	$5.7M	25x	as long as short
Gate SPY_USDT	0.0000%	8h	$739K	$2.0M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC SPY_USDT	0.0000%	8h	$22.6M	$12.3M	100x	as long as short
SunX SPY-USDTshort	0.0000%	8h	$2K	$1.6M	10x
HTX SPY-USDT	0.0000%	8h	$309K	$23K	50x	as long as short
Lighter SPY	+0.0032%	1h	$9.0M	$21.6M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	$57.3M	$125.1M	50x	as long as short
Deribit SPY_USDC-PERPETUALlong	+0.0034%	1h	$22K	$74K	20x
Arcus SPY-USD	+0.0040%	1h	$956K	$1.3M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$100K	50x	as long as short
Bitget SPYUSDT	+0.0080%	8h	$10.8M	$3.1M	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	$154K	$32K	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
Coinbase International SPY-PERP-INTX	+0.0104%	1h	$933K	$617K	20x	as long as short
edgeX SPYUSDC	+0.0318%	4h	$640K	$240K	20x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0327% / S −0.2140%	1h	$24K	—	53x	as long as short