SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.060%

Price spread now: Bybit against RISEx−0.017%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.225% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.111%−$11 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.017%, 7d avg −0.003%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPY/USDC	774.35	0.0100	pay 0.0013% / 1h	3m 19s	$7.0M	$5.0M	25x
Short	Bybit SPYUSDT	774.22	0	get 0.0000% / 8h	3h 03m	$6.3M	$1.9M	100x

Funding history

latest

Range statsloading…

Bybit against RISEx. 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 RISExbpFee BybitbpOrdersPrice spread, now −0.017%Rate

Slippage from RISEx: live order book, 1 min ago; Bybit: live order book, 5 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 1 min ago	0.06 bp	4.2 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.84 bp	7.6 bp −$8	10.1 bp −$101	36.9 bp −$3,687	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
BloFin SPY-USDT	−0.0120%	8h	774.14	−0.027%	$417K	$471K	50x	as long as short
ApeX Omni SPYUSDT	−0.0046%	1h	773.16	−0.154%	$163K	$24K	50x	as long as short
Phoenix SPY	−0.0010%	1h	773.62	−0.094%	$161K	$295K	20x	as long as short
Nado SPY-PERP	−0.0002%	1h	773.89	−0.059%	$1.6M	$275K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	774.07	−0.036%	$864K	$194K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.23	−0.016%	$28.2M	$79.7M	50x	as long as short
Bybit SPYUSDTshort	0.0000%	8h	774.22	−0.017%	$6.3M	$1.9M	100x
OKX SPY-USDT-SWAP	0.0000%	8h	774.09	−0.034%	$7.9M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.75	−0.078%	$776K	$2.4M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.22	−0.017%	$29.7M	$12.5M	100x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SPYUSDT	0.0000%	8h	774.35	0.000%	$10.9M	$1.8M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.28	−0.010%	$158K	$359K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.37	+0.132%	$2K	$1.4M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.43	+0.010%	$308K	$20K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0037%	1h	773.00	−0.175%	$4.7M	$831K	20x	as long as short
Lighter RH SPY	+0.0040%	1h	774.56	+0.027%	$56.3M	$118.7M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.46	−0.115%	$928K	$1.4M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.13	−0.158%	—	$123K	50x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0047%	1h	774.00	−0.045%	$23K	$56K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0056%	1h	773.90	−0.058%	$951K	$558K	20x	as long as short
Lighter SPY	+0.0088%	1h	774.31	−0.005%	$8.2M	$19.3M	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.46	−0.115%	$2.5M	$973K	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.15	−0.026%	$1K	—	20x	as long as short
RISEx SPY/USDClong	+0.0100%	1h	774.35	long leg	$7.0M	$5.0M	25x
Aevo SPY-PERP	+0.0104%	1h	773.63	−0.093%	$87K	—	10x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.23	−0.016%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0984%	4h	774.05	−0.039%	$640K	$242K	20x	as long as short