SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0089%/8h= +9.8% APRpaid last 24h +0.032%

Price spread now: RISEx against Binance+0.020%7-day average +0.007% · 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−$17as in the Price arb table

costs, in and out, $10k−$180.183% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.053%+$5 on $10k

Price spread, last 2 days (all we have)−0.056%−$6 · spread now +0.020%, 7d avg +0.007%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, 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	Binance SPYUSDT	774.42	0.0008	pay 0.0008% / 8h	5h 50m	$28.4M	$79.8M	50x
Short	RISEx SPY/USDC	774.58	0.0097	get 0.0012% / 1h	50m 33s	$7.0M	$5.2M	25x

Funding history

latest

Range statsloading…

RISEx against Binance. 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 BinancebpFee RISExbpOrdersPrice spread, now +0.020%Rate

Slippage from Binance: live order book, 7 min ago; RISEx: live order book, 4 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 7 min ago	0.06 bp	5.3 bp −$5	6.3 bp −$63	9.9 bp −$989	28.4 bp −$14.2K
Sell RISEx live order book, 4 min ago	0.97 bp	4.0 bp −$4	4.3 bp −$43	doesn't fit	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
Phoenix SPY	−0.0021%	1h	774.14	−0.036%	$161K	$295K	20x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.49	+0.009%	$6.3M	$2.0M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.58	+0.020%	$7.9M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.95	−0.061%	$780K	$2.4M	75x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.51	+0.011%	$10.9M	$2.0M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.49	+0.009%	$161K	$379K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.62	+0.155%	$2K	$1.4M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.90	+0.062%	$308K	$20K	50x	as long as short
Aster SPYUSDT	+0.0001%	8h	774.48	+0.008%	$863K	$203K	20x	as long as short
MEXC SPY_USDT	+0.0007%	8h	774.46	+0.005%	$21.9M	$11.7M	100x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SPYUSDTlong	+0.0008%	8h	774.42	long leg	$28.4M	$79.8M	50x
ApeX Omni SPYUSDT	+0.0016%	1h	773.25	−0.151%	$162K	$24K	50x	as long as short
Nado SPY-PERP	+0.0029%	1h	774.06	−0.047%	$1.5M	$288K	20x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.53	−0.115%	$935K	$1.3M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.24	−0.153%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.71	−0.092%	$4.8M	$841K	20x	as long as short
Lighter SPY	+0.0056%	1h	774.42	0.000%	$8.3M	$21.0M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0056%	1h	774.05	−0.048%	$954K	$552K	20x	as long as short
RISEx SPY/USDCshort	+0.0097%	1h	774.58	+0.020%	$7.0M	$5.2M	25x
KuCoin SPYUSDTM	+0.0100%	8h	773.67	−0.097%	$2.5M	$970K	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.38	−0.005%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	773.90	−0.067%	$87K	—	10x	as long as short
Lighter RH SPY	+0.0112%	1h	774.81	+0.050%	$56.6M	$112.1M	50x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.0163%	1h	774.26	−0.021%	$23K	$55K	20x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.49	+0.008%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0867%	4h	774.35	−0.009%	$640K	$241K	20x	as long as short