SPY

Alert

Funding spread now, next payment 15:00 UTC+0.0066%/8h

paid, last 24h−0.040%paid, last 7 days−0.022%to open and close $10k−$10

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SPY	769.74	0.0088	pay 0.0011% / 1h	25m 19s	$10.8M	$14.4M	50x
Short	Aster SPYUSDT	769.77	0.0154	get 0.0154% / 8h	1h 25m	$860K	$156K	20x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee LighterbpFee AsterbpOrdersRate

Slippage from Lighter: live order book, 5 min ago; Aster: live order book, 29 min ago.

A gap far from its average can cost days of funding.

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

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 5 min ago	0.52 bp	0.7 bp −$1	3.5 bp −$35	14.7 bp −$1,469	30.2 bp −$15.1K
Sell Aster live order book, 29 min ago	0.33 bp	4.3 bp −$4	10.0 bp −$100	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix SPY	−0.0240%	1h	$176K	$229K	20x	as long as short
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-USDT	0.0000%	8h	$307K	$23K	50x	as long as short
BloFin SPY-USDT	+0.0035%	8h	$443K	$629K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0035%	1h	$4.8M	$388K	20x	as long as short
Arcus SPY-USD	+0.0040%	1h	$1.0M	$958K	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	+0.0064%	1h	$57.6M	$112.4M	50x	as long as short
RISEx SPY/USDC	+0.0079%	1h	$6.8M	$5.4M	25x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0088%	1h	$18K	$54K	20x	as long as short
Lighter SPYlong	+0.0088%	1h	$10.8M	$14.4M	50x
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
MEXC SPY_USDT	+0.0154%	8h	$19.9M	$11.4M	100x	as long as short
Aster SPYUSDTshort	+0.0154%	8h	$860K	$156K	20x
Binance SPYUSDT	+0.0154%	8h	$33.3M	$58.5M	50x	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