SPY

Alert

Funding spread now, next payment 16:00 UTC+0.0236%/8h

next payment, per $10,000+$2.36paid, last 24h0.000%paid, last 7 days+0.045%to open and close $10k−$37

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPY_USDT	766.85	0	get 0.0000% / 8h	2h 33m	$880K	$662K	75x
Short	Bitget SPYUSDT	767.13	0.0236	get 0.0236% / 8h	2h 33m	$11.1M	$2.3M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BitgetbpOrdersRate

Funding earned: $49.56
Slippage, 4 orders: −$10.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: $12.18
Break-even: 5.3 days

Slippage from Gate: live order book, 24 min ago; Bitget: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.037%
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 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 Gate live order book, 24 min ago	2.41 bp	10.0 bp −$10	15.0 bp −$150	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.06 bp	7.1 bp −$7	10.2 bp −$102	20.3 bp −$2,031	27.9 bp −$13.9K

SPY on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX SPYUSDC	−0.0270%	4h	$639K	$217K	20x	as long as short
Phoenix SPY	−0.0084%	1h	$191K	$229K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.3M	$1.5M	100x	as long as short
Gate SPY_USDTlong	0.0000%	8h	$880K	$662K	75x
SunX SPY-USDT	0.0000%	8h	$2K	$1.2M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	$306K	$23K	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$61K	50x	as long as short
Lighter RH SPY	+0.0048%	1h	$57.2M	$106.4M	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	$4.7M	$246K	20x	as long as short
BloFin SPY-USDT	+0.0060%	8h	$446K	$526K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
RISEx SPY/USDC	+0.0062%	1h	$6.9M	$5.2M	25x	as long as short
Arcus SPY-USD	+0.0083%	1h	$1.1M	$701K	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	$2.4M	$1.3M	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	$154K	$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	$86K	—	10x	as long as short
Nado SPY-PERP	+0.0107%	1h	$1.5M	$342K	20x	as long as short
OKX SPY-USDT-SWAP	+0.0121%	8h	$8.4M	$2.1M	50x	as long as short
MEXC SPY_USDT	+0.0179%	8h	$19.7M	$13.2M	100x	as long as short
Binance SPYUSDT	+0.0180%	8h	$33.8M	$50.2M	50x	as long as short
Aster SPYUSDT	+0.0186%	8h	$858K	$143K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0208%	1h	$960K	$549K	20x	as long as short
Bitget SPYUSDTshort	+0.0236%	8h	$11.1M	$2.3M	50x
Lighter SPY	+0.0248%	1h	$10.8M	$13.0M	50x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0272%	1h	$17K	$48K	20x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0307% / S −0.0724%	1h	$5K	—	26x	as long as short