SPY

Alert

Funding spread now, next payment 13:00 UTC+0.0191%/8h

paid, last 24h+0.035%paid, last 7 days+0.005%to open and close $10k−$2

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% 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	MEXC SPY_USDT	767.41	0.0153	pay 0.0153% / 8h	3h 29m	$19.7M	$14.4M	100x
Short	Lighter SPY	767.53	0.0344	get 0.0043% / 1h	29m 31s	$10.9M	$12.9M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee LighterbpOrdersRate

Funding earned: $40.11
Slippage, 4 orders: −$2.04
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $38.07
Break-even: 0.4 days

Slippage from MEXC: live order book, 1 min ago; Lighter: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.016%
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 MEXC live order book, 1 min ago	0.06 bp	0.1 bp $0	0.1 bp −$1	0.1 bp −$6	0.5 bp −$247
Sell Lighter live order book, 6 min ago	0.52 bp	0.8 bp −$1	2.8 bp −$28	19.2 bp −$1,919	38.8 bp −$19.4K

SPY on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX SPYUSDC	−0.0813%	4h	$639K	$217K	20x	as long as short
Phoenix SPY	−0.0240%	1h	$191K	$229K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.4M	$1.4M	100x	as long as short
Gate SPY_USDT	0.0000%	8h	$874K	$608K	75x	as long as short
SunX SPY-USDT	0.0000%	8h	$2K	$1.1M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	$306K	$23K	50x	as long as short
BloFin SPY-USDT	+0.0034%	8h	$446K	$519K	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	$1.1M	$735K	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$61K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	$4.7M	$245K	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH SPY	+0.0056%	1h	$58.4M	$104.1M	50x	as long as short
OKX SPY-USDT-SWAP	+0.0081%	8h	$8.3M	$2.1M	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	$2.4M	$1.3M	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
Aevo SPY-PERP	+0.0104%	1h	$86K	—	10x	as long as short
Nado SPY-PERP	+0.0127%	1h	$1.5M	$349K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0152%	1h	$964K	$538K	20x	as long as short
MEXC SPY_USDTlong	+0.0153%	8h	$19.7M	$14.4M	100x
Binance SPYUSDT	+0.0154%	8h	$34.1M	$49.2M	50x	as long as short
Bitget SPYUSDT	+0.0164%	8h	$11.1M	$2.3M	50x	as long as short
Aster SPYUSDT	+0.0177%	8h	$864K	$138K	20x	as long as short
RISEx SPY/USDC	+0.0211%	1h	$6.9M	$4.7M	25x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0259%	1h	$17K	$46K	20x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0307% / S −0.0724%	1h	$5K	—	26x	as long as short
Lighter SPYshort	+0.0344%	1h	$10.9M	$12.9M	50x