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

SPY

RWAall SPY markets
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Funding spread now, next payment 16:00 UTC−0.0041%/8h
next payment, per $10,000$0.41paid, last 24h−0.010%paid, last 7 days+0.103%to open and close $10k−$20
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SPY_USDT770.900.0141pay 0.0141% / 8h19m 40s$23.9M$10.6M100x
ShortKuCoin SPYUSDTM770.210.0100get 0.0100% / 8h19m 40s$2.4M$1.2M20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$8.61
Slippage, 4 orders
−$8.28
Fee MEXC: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$28.89
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.090%
Avg gap 7d
−0.060%
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 MEXC live order book, 5 min ago0.06 bp0.1 bp $00.1 bp −$10.1 bp −$60.5 bp −$273
Sell KuCoin live order book, 3 min ago0.65 bp7.9 bp −$897.7 bp −$977doesn't fitdoesn't fit

SPY on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.0375%1h$157K$264K20xas long as short
Bybit SPYUSDT0.0000%8h$6.2M$1.8M100xas long as short
Gate SPY_USDT0.0000%8h$810K$1.4M75xas long as short
SunX SPY-USDT0.0000%8h$2K$1.4M10xas long as short
Deribit SPY_USDC-PERPETUAL0.0000%1h$18K$58K20xas long as short
HTX SPY-USDT0.0000%8h$307K$23K50xas long as short
BloFin SPY-USDT+0.0022%8h$442K$668K50xas long as short
Lighter SPY+0.0032%1h$9.5M$18.4M50xas long as short
Lighter RH SPY+0.0032%1h$56.8M$119.4M50xas long as short
Nado SPY-PERP+0.0033%1h$1.6M$368K20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Arcus SPY-USD+0.0040%1h$1.0M$1.0M50xas long as short
Vest SPY-USD-PERP+0.0046%1h$61K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h$4.8M$415K20xas long as short
OKX SPY-USDT-SWAP+0.0097%8h$8.2M$2.7M50xas long as short
KuCoin SPYUSDTMshort+0.0100%8h$2.4M$1.2M20x
ApeX Omni SPYUSDT+0.0100%1h$154K$31K50xas 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
Binance SPYUSDT+0.0139%8h$32.7M$62.1M50xas long as short
MEXC SPY_USDTlong+0.0141%8h$23.9M$10.6M100x
Aster SPYUSDT+0.0163%8h$863K$167K20xas long as short
Coinbase International SPY-PERP-INTX+0.0192%1h$949K$569K20xas long as short
Bitget SPYUSDT+0.0233%8h$11.1M$2.8M50xas long as short
RISEx SPY/USDC+0.0258%1h$6.9M$5.6M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0462% / S −0.4251%1h$24K53xas long as short
edgeX SPYUSDC+0.0927%4h$642K$234K20xas long as short