SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.015%

Price spread now: Aevo against Nado−0.033%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.033% cheaper against Nado than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 29 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPY-PERP	774.05	0.0011	pay 0.0001% / 1h	33m 46s	$1.6M	$245K	20x
Short	Aevo SPY-PERP	773.79	0.0104	get 0.0013% / 1h	33m 46s	$87K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee AevobpOrdersPrice spread, now −0.033%Rate

Funding earned: $19.43
Price spread: −0.033% → 0.000%: −$3.34
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$6.91
Costs to cover: 0.230%
Break-even: 9.5 days

Slippage unknown: Nado: live order book, 5 min ago; Aevo: no order-book sample. Net counts fees only.

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 Nado live order book, 5 min ago	0.26 bp	6.3 bp −$6	15.8 bp −$158	57.4 bp −$5,738	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SPY on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SPYUSDT	−0.0167%	1h	773.07	−0.127%	$164K	$25K	50x	as long as short
Phoenix SPY	−0.0155%	1h	773.74	−0.040%	$160K	$254K	20x	as long as short
BloFin SPY-USDT	−0.0120%	8h	774.09	+0.005%	$417K	$446K	50x	as long as short
Aster SPYUSDT	0.0000%	8h	774.30	+0.032%	$863K	$193K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.31	+0.033%	$28.6M	$76.1M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.10	+0.006%	$6.2M	$1.6M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.29	+0.031%	$7.9M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.82	−0.030%	$770K	$2.5M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.30	+0.032%	$29.7M	$11.8M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.48	+0.055%	$10.9M	$1.6M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SPY_USDT_Perp	0.0000%	8h	774.35	+0.039%	$169K	$364K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.43	+0.178%	$2K	$1.3M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	773.99	−0.008%	$23K	$54K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	774.50	+0.058%	$300K	$38K	50x	as long as short
Nado SPY-PERPlong	+0.0011%	1h	774.05	long leg	$1.6M	$245K	20x
RISEx SPY/USDC	+0.0014%	1h	774.58	+0.069%	$7.1M	$4.1M	25x	as long as short
Coinbase International SPY-PERP-INTX	+0.0024%	1h	773.92	−0.017%	$950K	$530K	20x	as long as short
Lighter RH SPY	+0.0032%	1h	774.55	+0.064%	$56.7M	$118.7M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.62	−0.056%	$926K	$1.4M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.27	−0.101%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.46	−0.076%	$4.8M	$865K	20x	as long as short
Lighter SPY	+0.0088%	1h	774.39	+0.044%	$8.0M	$17.8M	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.64	−0.053%	$2.5M	$1.0M	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.25	+0.026%	$1K	—	20x	as long as short
Aevo SPY-PERPshort	+0.0104%	1h	773.79	−0.033%	$87K	—	10x
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.32	+0.034%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0868%	4h	774.14	+0.011%	$640K	$242K	20x	as long as short