SPY

Alert

Funding spread now, next payment 17:00 UTC−0.0136%/8h

next payment, per $10,000−$0.17paid, last 24h−0.068%paid, last 3 days−0.030%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SPY/USDC	772.70	0.0339	pay 0.0042% / 1h	10m 24s	$6.9M	$5.7M	25x
Short	Deribit SPY_USDC-PERPETUAL	772.62	0.0203	get 0.0025% / 1h	10m 24s	$22K	$73K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee DeribitbpOrdersRate

Funding earned: −$28.55
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$41.55
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.010%
Avg gap 7d: —

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 RISEx live order book, 5 min ago	0.06 bp	3.1 bp −$3	3.5 bp −$35	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix SPY	−0.0280%	1h	$160K	$266K	20x	as long as short
BloFin SPY-USDT	−0.0011%	8h	$432K	$695K	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	$6.3M	$2.0M	100x	as long as short
Gate SPY_USDT	0.0000%	8h	$728K	$1.8M	75x	as long as short
SunX SPY-USDT	0.0000%	8h	$2K	$1.5M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	$308K	$23K	50x	as long as short
Lighter SPY	+0.0032%	1h	$9.1M	$20.1M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	$56.4M	$123.7M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	—	$84K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	$4.7M	$491K	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX SPYUSDC	+0.0072%	4h	$639K	$239K	20x	as long as short
OKX SPY-USDT-SWAP	+0.0077%	8h	$8.2M	$3.0M	50x	as long as short
Nado SPY-PERP	+0.0083%	1h	$1.6M	$366K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	$2.5M	$1.1M	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	$155K	$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	$87K	—	10x	as long as short
Binance SPYUSDT	+0.0109%	8h	$31.5M	$70.9M	50x	as long as short
MEXC SPY_USDT	+0.0109%	8h	$19.6M	$10.5M	100x	as long as short
Aster SPYUSDT	+0.0120%	8h	$862K	$220K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0152%	1h	$937K	$595K	20x	as long as short
Arcus SPY-USD	+0.0154%	1h	$973K	$1.1M	50x	as long as short
Bitget SPYUSDT	+0.0190%	8h	$10.9M	$3.0M	50x	as long as short
Deribit SPY_USDC-PERPETUALshort	+0.0203%	1h	$22K	$73K	20x
RISEx SPY/USDClong	+0.0339%	1h	$6.9M	$5.7M	25x
GMX SPY/USD [ETH-USDC]	L +0.0414% / S −0.3519%	1h	$24K	—	53x	as long as short