SPY

Alert

Funding spread now, next payment 16:00 UTC+0.0100%/8h

next payment, per $10,000+$1.00paid, last 24h+0.030%paid, last 5 days+0.130%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPY_USDT	768.90	0	get 0.0000% / 8h	1h 37m	$812K	$1.2M	75x
Short	Orderly PERP_SPY_USDC_mythos	769.42	0.0100	get 0.0100% / 8h	1h 37m	$1K	—	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OrderlybpOrdersRate

Funding earned: $21
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0
Break-even: 7.0 days

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

Price risk

price view

Price gap now: +0.068%
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 Gate live order book, 2 min ago	1.95 bp	12.8 bp −$13	15.3 bp −$153	53.0 bp −$5,304	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
edgeX SPYUSDC	−0.0320%	4h	$640K	$234K	20x	as long as short
Phoenix SPY	−0.0240%	1h	$178K	$229K	20x	as long as short
Nado SPY-PERP	−0.0010%	1h	$1.5M	$359K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.3M	$1.6M	100x	as long as short
Gate SPY_USDTlong	0.0000%	8h	$812K	$1.2M	75x
SunX SPY-USDT	0.0000%	8h	$2K	$1.3M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	$306K	$23K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0007%	1h	$4.7M	$328K	20x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0023%	1h	$18K	$53K	20x	as long as short
Arcus SPY-USD	+0.0040%	1h	$1.1M	$768K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin SPY-USDT	+0.0042%	8h	$445K	$628K	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$61K	50x	as long as short
Lighter RH SPY	+0.0056%	1h	$57.7M	$109.9M	50x	as long as short
RISEx SPY/USDC	+0.0079%	1h	$6.8M	$5.3M	25x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	$2.4M	$1.2M	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	$154K	$31K	50x	as long as short
Orderly PERP_SPY_USDC_mythosshort	+0.0100%	8h	$1K	—	20x
Lighter SPY	+0.0104%	1h	$10.8M	$13.8M	50x	as long as short
Aevo SPY-PERP	+0.0104%	1h	$86K	—	10x	as long as short
OKX SPY-USDT-SWAP	+0.0108%	8h	$8.4M	$2.4M	50x	as long as short
Binance SPYUSDT	+0.0162%	8h	$33.4M	$56.8M	50x	as long as short
MEXC SPY_USDT	+0.0163%	8h	$19.9M	$11.3M	100x	as long as short
Aster SPYUSDT	+0.0163%	8h	$860K	$138K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0208%	1h	$959K	$554K	20x	as long as short
Bitget SPYUSDT	+0.0245%	8h	$11.0M	$2.5M	50x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0429% / S −0.3519%	1h	$20K	—	26x	as long as short