Settings8H · net · $10k
Funding arb · Price arb /

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%
Price spread now: MEXC against OKX0.000%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$110.106% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 7 days+0.011%+$1 · spread now 0.000%, 7d avg +0.012%
Together, before fees+0.088%+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SPY-USDT-SWAP774.520get 0.0000% / 8h2h 07m$8.0M$3.3M50x
ShortMEXC SPY_USDT774.520get 0.0000% / 8h2h 07m$29.7M$12.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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

Funding earned
$0
Price spread: 0.000% → +0.012%
−$1.16
Slippage, 4 orders
−$0.64
Fee OKX: 5 bp × 2 orders
−$10
Fee MEXC: 0 bp × 2 orders
$0
Net
−$11.8
Costs to cover
0.106%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago0.06 bp5.4 bp −$58.3 bp −$8318.1 bp −$1,814doesn't fit
Sell MEXC live order book, 1 min ago0.06 bp0.1 bp $00.1 bp −$10.1 bp −$60.9 bp −$454

SPY on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SPY-USDT−0.0120%8h774.09−0.056%$416K$473K50xas long as short
Phoenix SPY−0.0103%1h774.03−0.063%$161K$295K20xas long as short
Nado SPY-PERP−0.0057%1h774.31−0.027%$1.6M$262K20xas long as short
ApeX Omni SPYUSDT−0.0020%1h773.35−0.151%$164K$25K50xas long as short
Aster SPYUSDT0.0000%8h774.36−0.020%$864K$195K20xas long as short
Binance SPYUSDT0.0000%8h774.55+0.004%$28.5M$79.7M50xas long as short
Bybit SPYUSDT0.0000%8h774.54+0.003%$6.2M$1.9M100xas long as short
OKX SPY-USDT-SWAPlong0.0000%8h774.52long leg$8.0M$3.3M50x
Gate SPY_USDT0.0000%8h774.08−0.057%$770K$2.4M75xas long as short
MEXC SPY_USDTshort0.0000%8h774.520.000%$29.7M$12.5M100x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPYUSDT0.0000%8h774.71+0.025%$10.9M$1.8M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.59+0.009%$169K$350K10xas long as short
SunX SPY-USDT0.0000%8h775.67+0.148%$2K$1.4M10xas long as short
HTX SPY-USDT0.0000%8h774.97+0.058%$300K$38K50xas long as short
RISEx SPY/USDC+0.0007%1h774.71+0.024%$7.0M$4.5M25xas long as short
Deribit SPY_USDC-PERPETUAL+0.0008%1h774.44−0.010%$23K$56K20xas long as short
Ondo Perps SPY-USD.P+0.0022%1h773.49−0.133%$4.7M$832K20xas long as short
Arcus SPY-USD+0.0040%1h773.68−0.108%$928K$1.4M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.55−0.125%$123K50xas long as short
Lighter RH SPY+0.0048%1h774.93+0.053%$56.3M$120.0M50xas long as short
Coinbase International SPY-PERP-INTX+0.0048%1h773.77−0.097%$950K$558K20xas long as short
KuCoin SPYUSDTM+0.0100%8h773.72−0.103%$2.5M$978K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.39−0.017%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.95−0.073%$87K10xas long as short
Lighter SPY+0.0112%1h774.67+0.019%$8.2M$19.4M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.53+0.002%$10K26xas long as short
edgeX SPYUSDC+0.0725%4h774.44−0.010%$640K$241K20xas long as short