SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h +0.035%

Price spread now: MEXC against Arcus+0.096%7-day average +0.114% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$100.100% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 7 days+0.031%+$3 · spread now +0.096%, 7d avg +0.114%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.114%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPY-USD	773.37	0.0040	pay 0.0005% / 1h	35m 41s	$935K	$1.4M	50x
Short	MEXC SPY_USDT	774.11	0.0023	get 0.0023% / 8h	6h 35m	$19.7M	$11.8M	100x

Funding history

latest

Range statsloading…

MEXC against Arcus. 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 ArcusbpFee MEXCbpOrdersPrice spread, now +0.096%Rate

Slippage from Arcus: live order book, 3 min ago; MEXC: live order book, 3 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 3 min ago	0.06 bp	4.1 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.06 bp	0.1 bp $0	0.1 bp −$1	0.1 bp −$13	0.8 bp −$408

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	−0.0096%	8h	774.30	+0.120%	$417K	$545K	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.02	+0.084%	$6.3M	$2.0M	100x	as long as short
Gate SPY_USDT	0.0000%	8h	773.67	+0.039%	$780K	$2.3M	75x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.35	+0.127%	$10.9M	$2.2M	50x	as long as short
SunX SPY-USDT	0.0000%	8h	775.27	+0.246%	$2K	$1.5M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.01	+0.083%	$308K	$20K	50x	as long as short
OKX SPY-USDT-SWAP	+0.0010%	8h	774.04	+0.087%	$7.9M	$3.3M	50x	as long as short
Aster SPYUSDT	+0.0015%	8h	774.24	+0.113%	$863K	$204K	20x	as long as short
MEXC SPY_USDTshort	+0.0023%	8h	774.11	+0.096%	$19.7M	$11.8M	100x
Binance SPYUSDT	+0.0023%	8h	774.12	+0.097%	$28.4M	$80.4M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SPY_USDT_Perp	+0.0028%	8h	774.36	+0.127%	$162K	$391K	10x	as long as short
Lighter SPY	+0.0032%	1h	774.06	+0.089%	$8.3M	$21.4M	50x	as long as short
Arcus SPY-USDlong	+0.0040%	1h	773.37	long leg	$935K	$1.4M	50x
Phoenix SPY	+0.0041%	1h	773.57	+0.026%	$161K	$296K	20x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	772.96	−0.053%	—	$123K	50x	as long as short
Lighter RH SPY	+0.0048%	1h	774.53	+0.150%	$57.2M	$112.8M	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.39	+0.003%	$4.8M	$842K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0088%	1h	774.14	+0.100%	$955K	$555K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.63	+0.034%	$2.5M	$938K	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	773.71	+0.044%	$159K	$23K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.10	+0.094%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.62	+0.032%	$87K	—	10x	as long as short
Nado SPY-PERP	+0.0123%	1h	773.70	+0.043%	$1.5M	$286K	20x	as long as short
RISEx SPY/USDC	+0.0190%	1h	774.30	+0.121%	$7.0M	$5.2M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.13	+0.099%	$10K	—	26x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0280%	1h	774.08	+0.092%	$23K	$55K	20x	as long as short
edgeX SPYUSDC	+0.0302%	4h	774.06	+0.089%	$640K	$241K	20x	as long as short