SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.048%

Price spread now: OKX against Phoenix+0.037%96s7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.277% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.037%, 7d avg +0.056%

Together, before fees−0.195%−$20 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SPY	774.24	0	get 0.0000% / 1h	43m 50s	$158K	$74K	20x
Short	OKX SPY-USDT-SWAP	774.53	0	get 0.0000% / 8h	5h 43m	$7.8M	$3.1M	50x

Funding history

latest

Range statsloading…

OKX against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee PhoenixbpFee OKXbpOrdersPrice spread, now +0.037%Rate

Slippage from Phoenix: live order book, 62 min ago; OKX: live order book, 2 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 62 min ago	0.13 bp	7.9 bp −$8	15.8 bp −$158	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.06 bp	6.7 bp −$7	9.6 bp −$96	19.0 bp −$1,904	doesn't fit

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	−0.0311%	1h	773.51	−0.094%	$223K	$51K	50x	as long as short
BloFin SPY-USDT	−0.0120%	8h	774.61	+0.048%	$417K	$422K	50x	as long as short
Aster SPYUSDT	0.0000%	8h	774.66	+0.054%	$863K	$200K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.69	+0.058%	$28.5M	$75.8M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.60	+0.046%	$6.2M	$1.5M	100x	as long as short
OKX SPY-USDT-SWAPshort	0.0000%	8h	774.53	+0.037%	$7.8M	$3.1M	50x
RISEx SPY/USDC	0.0000%	1h	774.60	+0.047%	$7.1M	$3.3M	25x	as long as short
Gate SPY_USDT	0.0000%	8h	774.20	−0.005%	$788K	$2.5M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.72	+0.062%	$29.2M	$13.3M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.81	+0.074%	$11.1M	$1.6M	50x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SPY_USDT_Perp	0.0000%	8h	774.88	+0.083%	$161K	$336K	10x	as long as short
Phoenix SPYlong	0.0000%	1h	774.24	long leg	$158K	$74K	20x
SunX SPY-USDT	0.0000%	8h	775.74	+0.194%	$2K	$1.2M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	774.38	+0.018%	$23K	$39K	20x	as long as short
HTX SPY-USDT	0.0000%	8h	775.04	+0.103%	$300K	$38K	50x	as long as short
Nado SPY-PERP	+0.0005%	1h	774.28	+0.005%	$1.5M	$283K	20x	as long as short
Arcus SPY-USD	+0.0015%	1h	773.73	−0.066%	$980K	$1.4M	50x	as long as short
Lighter SPY	+0.0032%	1h	774.50	+0.034%	$7.8M	$16.3M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	774.80	+0.072%	$56.8M	$115.0M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.47	−0.099%	—	$85K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.63	−0.079%	$4.8M	$844K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0056%	1h	774.22	−0.003%	$952K	$171K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	774.15	−0.012%	$2.5M	$1.0M	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.61	+0.048%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	774.07	−0.022%	$87K	—	10x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.55	+0.041%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0770%	4h	774.55	+0.040%	$640K	$243K	20x	as long as short