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 +0.043%
Price spread now: Binance against SunX−0.142%7-day average −0.143% · you buy dearer than you sell
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$246as in the Price arb table
costs, in and out, $10k−$2472.466% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.160%−$16 on $10k
Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.142%, 7d avg −0.143%
Together, before fees−0.153%−$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPY-USDT775.390get 0.0000% / 8h3h 17m$2K$1.4M10x
ShortBinance SPYUSDT774.290get 0.0000% / 8h3h 17m$28.3M$79.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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: −0.142% → −0.143%
$0.14
Slippage, 4 orders
−$228.62
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$246.48
Costs to cover
2.466%
Break-even
never at this rate
Slippage from SunX: live order book, 7 min ago; Binance: live order book, 10 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 SunX live order book, 7 min ago29.08 bp107.6 bp −$108doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 10 min ago0.06 bp5.1 bp −$55.1 bp −$519.5 bp −$95326.7 bp −$13.3K

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%8h774.28−0.143%$416K$468K50xas long as short
ApeX Omni SPYUSDT−0.0012%1h773.24−0.277%$163K$24K50xas long as short
Phoenix SPY−0.0010%1h773.75−0.212%$161K$295K20xas long as short
Aster SPYUSDT0.0000%8h774.12−0.164%$864K$194K20xas long as short
Binance SPYUSDTshort0.0000%8h774.29−0.142%$28.3M$79.5M50x
Bybit SPYUSDT0.0000%8h774.38−0.130%$6.3M$1.9M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.18−0.156%$7.9M$3.3M50xas long as short
Gate SPY_USDT0.0000%8h773.73−0.214%$775K$2.4M75xas long as short
MEXC SPY_USDT0.0000%8h774.28−0.143%$29.7M$12.5M100xas long as short
Bitget SPYUSDT0.0000%8h774.42−0.125%$10.9M$1.8M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT SPY_USDT_Perp0.0000%8h774.31−0.139%$158K$359K10xas long as short
SunX SPY-USDTlong0.0000%8h775.39long leg$2K$1.4M10x
HTX SPY-USDT0.0000%8h774.48−0.117%$308K$20K50xas long as short
Nado SPY-PERP+0.0018%1h773.99−0.181%$1.5M$267K20xas long as short
Lighter RH SPY+0.0040%1h774.68−0.092%$56.4M$117.8M50xas long as short
Arcus SPY-USD+0.0040%1h773.46−0.249%$928K$1.4M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.19−0.284%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.12−0.293%$4.7M$837K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h773.74−0.213%$950K$556K20xas long as short
Lighter SPY+0.0080%1h774.36−0.133%$8.2M$19.3M50xas long as short
KuCoin SPYUSDTM+0.0100%8h773.49−0.245%$2.5M$975K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.08−0.169%$1K20xas long as short
RISEx SPY/USDC+0.0100%1h774.42−0.125%$7.0M$5.0M25xas long as short
Aevo SPY-PERP+0.0104%1h773.68−0.221%$87K10xas long as short
Deribit SPY_USDC-PERPETUAL+0.0112%1h774.21−0.152%$23K$56K20xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.28−0.143%$10K26xas long as short
edgeX SPYUSDC+0.0646%4h774.15−0.160%$640K$242K20xas long as short