Spread before costs (cost unknown: a leg has no order-book sample)+0.063%
7d average—if it closes, per $10,000$6funding while held, a day+$124.54
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 770.08 | 0.0100 | pay 0.0013% / 1h | 25m 47s | $154K | $31K | 50x |
| Short | GMX SPY/USD [ETH-USDC] | 770.57 | L +0.0462% / S −0.4251% | get 0.0531% / 1h | 25m 47s | $24K | — | 53x |
ApeX Omni SPYUSDT
GMX SPY/USD [ETH-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $6.3
- Funding while held
- $124.54
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $108.83
- Spread needed to break even
- 0.220%
Slippage unknown: ApeX Omni: live order book, 21 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.4151%
- Per $10,000 a day
- +$124.54
- Average in range /8h
- —
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 ApeX Omni live order book, 21 min ago | 2.53 bp | 15.7 bp −$16 | 93.6 bp −$936 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Phoenix769.65cheapestOndo Perps769.68+0.004%KuCoin769.84+0.025%Vest769.90+0.032%
Phoenix
Ondo Perps
KuCoin
VestApeX Omni770.08+0.056%
Nado770.12+0.061%Aevo770.15+0.064%Arcus770.17+0.068%Gate770.17+0.068%Coinbase International770.33+0.088%Deribit770.34+0.090%edgeX770.39+0.097%Bybit770.44+0.103%Aster770.48+0.108%Bitget770.53+0.114%Orderly770.55+0.117%Lighter770.56+0.118%Binance770.56+0.118%MEXC770.56+0.118%
Nado
Aevo
Arcus
Gate
Coinbase International
Deribit
Bybit
Aster
Bitget
Orderly
Lighter
Binance
MEXCGMX770.57+0.119%
BloFin770.57+0.120%OKX770.59+0.122%HTX770.70+0.136%Lighter RH770.75+0.143%RISEx770.83+0.154%SunX771.71+0.268%
BloFin
OKX
HTX
Lighter RH
RISEx
SunXSPY on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.056% | −0.0375% | 1h | $157K | $264K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.052% | +0.0050% | 1h | $4.8M | $414K | 20x | as long as short |
| KuCoin SPYUSDTM | −0.031% | +0.0100% | 8h | $2.4M | $1.2M | 20x | as long as short |
| Vest SPY-USD-PERP | −0.023% | +0.0046% | 1h | — | $61K | 50x | as long as short |
| ApeX Omni SPYUSDTlong | 0.000% | +0.0100% | 1h | $154K | $31K | 50x | |
| Nado SPY-PERP | +0.005% | +0.0035% | 1h | $1.6M | $368K | 20x | as long as short |
| Aevo SPY-PERP | +0.009% | +0.0104% | 1h | $86K | — | 10x | as long as short |
| Arcus SPY-USD | +0.012% | +0.0040% | 1h | $1.0M | $1.0M | 50x | as long as short |
| Gate SPY_USDT | +0.012% | 0.0000% | 8h | $814K | $1.4M | 75x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.032% | +0.0192% | 1h | $953K | $565K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit SPY_USDC-PERPETUAL | +0.034% | +0.0153% | 1h | $18K | $57K | 20x | as long as short |
| edgeX SPYUSDC | +0.041% | +0.0058% | 4h | $642K | $235K | 20x | as long as short |
| Bybit SPYUSDT | +0.047% | 0.0000% | 8h | $6.2M | $1.8M | 100x | as long as short |
| Aster SPYUSDT | +0.052% | +0.0167% | 8h | $863K | $164K | 20x | as long as short |
| Bitget SPYUSDT | +0.058% | +0.0237% | 8h | $11.1M | $2.8M | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.061% | +0.0100% | 8h | $1K | — | 20x | as long as short |
| Lighter SPY | +0.062% | +0.0032% | 1h | $9.5M | $18.2M | 50x | as long as short |
| Binance SPYUSDT | +0.062% | +0.0143% | 8h | $32.9M | $61.3M | 50x | as long as short |
| MEXC SPY_USDT | +0.062% | +0.0143% | 8h | $23.4M | $10.5M | 100x | as long as short |
| GMX SPY/USD [ETH-USDC]short | +0.063% | L +0.0462% / S −0.4251% | 1h | $24K | — | 53x | |
| BloFin SPY-USDT | +0.064% | +0.0023% | 8h | $442K | $668K | 50x | as long as short |
| OKX SPY-USDT-SWAP | +0.066% | +0.0099% | 8h | $8.2M | $2.7M | 50x | as long as short |
| HTX SPY-USDT | +0.081% | 0.0000% | 8h | $307K | $23K | 50x | as long as short |
| Lighter RH SPY | +0.087% | +0.0032% | 1h | $57.6M | $117.1M | 50x | as long as short |
| RISEx SPY/USDC | +0.098% | +0.0258% | 1h | $6.9M | $5.6M | 25x | as long as short |
| SunX SPY-USDT | +0.212% | 0.0000% | 8h | $2K | $1.4M | 10x | as long as short |