data as of
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Price arb /

SPY

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$24
spread now+0.010%7d average−0.025%fees + slippage, in and out−$28spread needed0.275%
Long on BitgetShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SPYUSDT771.440.0212pay 0.0212% / 8h7h 55m$11.1M$2.8M50x
ShortBybit SPYUSDT771.520get 0.0000% / 8h7h 55m$6.2M$1.8M100x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$1.04
Funding while held
−$6.36
Slippage, 4 orders
−$4.55
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$32.87
Spread needed to break even
0.275%
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0212%
Per $10,000 a day
−$6.36
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago0.06 bp7.5 bp −$810.6 bp −$10615.5 bp −$1,54618.4 bp −$9,180
Sell Bybit live order book, 4 min ago0.26 bp6.6 bp −$79.6 bp −$9633.1 bp −$3,307doesn't fit

SPY price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps770.25cheapestPhoenix770.45+0.026%ApeX Omni770.64+0.051%Vest770.79+0.070%KuCoin770.85+0.078%Nado770.91+0.086%Arcus770.95+0.091%Aevo770.96+0.092%Gate770.98+0.095%Coinbase International771.00+0.097%edgeX771.11+0.112%BloFin771.17+0.119%Deribit771.30+0.136%Aster771.35+0.143%Orderly771.39+0.148%GMX771.41+0.151%
Bitget771.44+0.154%
OKX771.46+0.157%HTX771.46+0.157%Binance771.48+0.160%MEXC771.48+0.160%RISEx771.50+0.163%
Bybit771.52+0.165%
Lighter771.56+0.170%Lighter RH771.77+0.197%SunX772.49+0.291%

SPY on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps SPY-USD.P−0.154%+0.0050%1h$4.8M$418K20xas long as short
Phoenix SPY−0.128%−0.0280%1h$160K$266K20xas long as short
ApeX Omni SPYUSDT−0.104%+0.0100%1h$155K$31K50xas long as short
Vest SPY-USD-PERP−0.084%+0.0046%1h—$61K50xas long as short
KuCoin SPYUSDTM−0.076%+0.0100%8h$2.5M$1.1M20xas long as short
Nado SPY-PERP−0.069%+0.0064%1h$1.6M$371K20xas long as short
Arcus SPY-USD−0.064%+0.0154%1h$1.0M$1.0M50xas long as short
Aevo SPY-PERP−0.062%+0.0104%1h$87K—10xas long as short
Gate SPY_USDT−0.060%0.0000%8h$799K$1.5M75xas long as short
Coinbase International SPY-PERP-INTX−0.057%+0.0152%1h$944K$576K20xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX SPYUSDC−0.043%+0.0915%4h$642K$236K20xas long as short
BloFin SPY-USDT−0.035%+0.0004%8h$432K$714K50xas long as short
Deribit SPY_USDC-PERPETUAL−0.018%+0.0100%1h$22K$69K20xas long as short
Aster SPYUSDT−0.012%+0.0141%8h$861K$171K20xas long as short
Orderly PERP_SPY_USDC_mythos−0.006%+0.0100%8h$1K—20xas long as short
GMX SPY/USD [ETH-USDC]−0.003%L +0.0415% / S −0.3535%1h$24K—53xas long as short
Bitget SPYUSDTlong0.000%+0.0212%8h$11.1M$2.8M50x
OKX SPY-USDT-SWAP+0.003%+0.0087%8h$8.2M$2.8M50xas long as short
HTX SPY-USDT+0.003%0.0000%8h$307K$23K50xas long as short
Binance SPYUSDT+0.005%+0.0124%8h$31.7M$65.4M50xas long as short
MEXC SPY_USDT+0.005%+0.0123%8h$24.8M$9.2M100xas long as short
RISEx SPY/USDC+0.008%+0.0339%1h$6.9M$5.6M25xas long as short
Bybit SPYUSDTshort+0.010%0.0000%8h$6.2M$1.8M100x
Lighter SPY+0.016%+0.0048%1h$9.2M$19.3M50xas long as short
Lighter RH SPY+0.043%+0.0032%1h$55.8M$119.2M50xas long as short
SunX SPY-USDT+0.136%0.0000%8h$2K$1.5M10xas long as short