data as of
Settings8H · net · $10k
Funding arb /

SPY

RWAall SPY markets
SwapPrice view
Alert
Funding spread now, next payment 00:00 UTC−0.0100%/8h
next payment, per $10,000$1.00paid, last 24h−0.025%paid, last 7 days−0.193%to open and close $10k−$54
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SPYUSDTM774.300.0100pay 0.0100% / 8h5h 04m$2.5M$1.1M20x
ShortGate SPY_USDT774.510get 0.0000% / 8h5h 04m$740K$2.0M75x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$21
Slippage, 4 orders
−$27.12
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$75.12
Break-even
never at this rate
Slippage from KuCoin: live order book, 9 min ago; Gate: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.027%
Avg gap 7d
+0.039%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 9 min ago1.94 bp18.6 bp −$19124.2 bp −$1,242doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago3.55 bp11.1 bp −$1124.3 bp −$243doesn't fitdoesn't fit

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0404%1h$161K$295K20xas long as short
Ondo Perps SPY-USD.P−0.0134%1h$4.8M$854K20xas long as short
BloFin SPY-USDT−0.0120%8h$430K$717K50xas long as short
Nado SPY-PERP−0.0027%1h$1.6M$277K20xas long as short
Aster SPYUSDT0.0000%8h$865K$274K20xas long as short
Binance SPYUSDT0.0000%8h$29.0M$83.8M50xas long as short
Bybit SPYUSDT0.0000%8h$6.2M$2.2M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h$8.0M$3.5M50xas long as short
RISEx SPY/USDC0.0000%1h$6.9M$5.7M25xas long as short
Gate SPY_USDTshort0.0000%8h$740K$2.0M75x
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
MEXC SPY_USDT0.0000%8h$22.6M$12.3M100xas long as short
SunX SPY-USDT0.0000%8h$2K$1.6M10xas long as short
HTX SPY-USDT0.0000%8h$309K$20K50xas long as short
Lighter SPY+0.0032%1h$9.0M$21.6M50xas long as short
Lighter RH SPY+0.0032%1h$57.4M$125.3M50xas long as short
Arcus SPY-USD+0.0040%1h$955K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h$100K50xas long as short
Bitget SPYUSDT+0.0079%8h$10.8M$3.1M50xas long as short
KuCoin SPYUSDTMlong+0.0100%8h$2.5M$1.1M20x
ApeX Omni SPYUSDT+0.0100%1h$154K$32K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h$1K20xas long as short
Aevo SPY-PERP+0.0104%1h$87K10xas long as short
Coinbase International SPY-PERP-INTX+0.0104%1h$933K$617K20xas long as short
Deribit SPY_USDC-PERPETUAL+0.0163%1h$22K$74K20xas long as short
GMX SPY/USD [ETH-USDC]L +0.0327% / S −0.2140%1h$24K53xas long as short
edgeX SPYUSDC+0.0866%4h$640K$240K20xas long as short