SPY

Alert

Funding spread now, next payment 14:00 UTC−0.0240%/8h

paid, last 24h+0.019%paid, last 5 days+0.084%to open and close $10k−$49

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.084% in total (about 6.7% a year). A funding rate is set anew for every payment. 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	HTX SPY-USDT	769.93	0	get 0.0000% / 8h	1h 26m	$307K	$23K	50x
Short	Phoenix SPY	768.72	−0.0240	pay 0.0030% / 1h	26m 52s	$176K	$229K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee PhoenixbpOrdersRate

Funding earned: −$50.35
Slippage, 4 orders: −$30.18
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$99.52
Break-even: never at this rate

Slippage from HTX: live order book, 27 min ago; Phoenix: live order book, 58 min ago.

Price risk

price view

Price gap now: −0.157%
Avg gap 7d: −0.102%

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 HTX live order book, 27 min ago	2.47 bp	8.5 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit
Sell Phoenix live order book, 58 min ago	0.13 bp	13.7 bp −$14	27.0 bp −$270	doesn't fit	doesn't fit

SPY on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix SPYshort	−0.0240%	1h	$176K	$229K	20x
Nado SPY-PERP	−0.0006%	1h	$1.5M	$360K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.2M	$1.7M	100x	as long as short
Gate SPY_USDT	0.0000%	8h	$813K	$1.2M	75x	as long as short
SunX SPY-USDT	0.0000%	8h	$2K	$1.3M	10x	as long as short
HTX SPY-USDTlong	0.0000%	8h	$307K	$23K	50x
Ondo Perps SPY-USD.P	+0.0028%	1h	$4.7M	$384K	20x	as long as short
BloFin SPY-USDT	+0.0035%	8h	$443K	$629K	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	$1.0M	$956K	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$61K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH SPY	+0.0056%	1h	$57.6M	$112.2M	50x	as long as short
RISEx SPY/USDC	+0.0079%	1h	$6.8M	$5.4M	25x	as long as short
Lighter SPY	+0.0096%	1h	$10.8M	$14.1M	50x	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_mythos	+0.0100%	8h	$1K	—	20x	as long as short
OKX SPY-USDT-SWAP	+0.0102%	8h	$8.3M	$2.5M	50x	as long as short
Aevo SPY-PERP	+0.0104%	1h	$86K	—	10x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0127%	1h	$18K	$54K	20x	as long as short
MEXC SPY_USDT	+0.0155%	8h	$19.9M	$11.4M	100x	as long as short
Binance SPYUSDT	+0.0155%	8h	$33.4M	$58.4M	50x	as long as short
Aster SPYUSDT	+0.0155%	8h	$860K	$156K	20x	as long as short
edgeX SPYUSDC	+0.0180%	4h	$641K	$233K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0208%	1h	$959K	$554K	20x	as long as short
Bitget SPYUSDT	+0.0242%	8h	$11.0M	$2.6M	50x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0429% / S −0.3519%	1h	$20K	—	26x	as long as short