SPY

Alert

Funding spread now, next payment 18:00 UTC−0.0369%/8h

paid, last 24h−0.080%paid, last 3 days−0.177%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SPY/USD [ETH-USDC]	772.83	L +0.0369% / S −0.2805%	pay 0.0046% / 1h	30m 57s	$24K	—	53x
Short	Gate SPY_USDT	772.54	0	get 0.0000% / 8h	6h 30m	$737K	$1.9M	75x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee GatebpOrdersRate

Funding earned: −$77.52
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$104.52
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.037%
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 GMX no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	1.55 bp	15.0 bp −$15	18.5 bp −$185	51.8 bp −$5,181	doesn't fit

GMX: 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	−0.0290%	1h	$160K	$266K	20x	as long as short
BloFin SPY-USDT	−0.0055%	8h	$432K	$704K	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.3M	$2.1M	100x	as long as short
Gate SPY_USDTshort	0.0000%	8h	$737K	$1.9M	75x
SunX SPY-USDT	0.0000%	8h	$2K	$1.6M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	$308K	$23K	50x	as long as short
edgeX SPYUSDC	+0.0001%	4h	$639K	$241K	20x	as long as short
Ondo Perps SPY-USD.P	+0.0004%	1h	$4.7M	$719K	20x	as long as short
Nado SPY-PERP	+0.0011%	1h	$1.6M	$255K	20x	as long as short
Lighter SPY	+0.0032%	1h	$9.0M	$21.4M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH SPY	+0.0032%	1h	$56.9M	$122.6M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	$936K	$1.2M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$84K	50x	as long as short
OKX SPY-USDT-SWAP	+0.0047%	8h	$8.1M	$3.1M	50x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0061%	1h	$22K	$73K	20x	as long as short
Binance SPYUSDT	+0.0065%	8h	$29.9M	$77.2M	50x	as long as short
MEXC SPY_USDT	+0.0067%	8h	$20.1M	$9.8M	100x	as long as short
Aster SPYUSDT	+0.0068%	8h	$859K	$221K	20x	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
RISEx SPY/USDC	+0.0126%	1h	$7.0M	$5.7M	25x	as long as short
Coinbase International SPY-PERP-INTX	+0.0136%	1h	$932K	$609K	20x	as long as short
Bitget SPYUSDT	+0.0158%	8h	$10.9M	$3.0M	50x	as long as short
GMX SPY/USD [ETH-USDC]long	L +0.0369% / S −0.2805%	1h	$24K	—	53x