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 +0.017%
Price spread now: MEXC against Bitget−0.014%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.137% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.055%+$5 on $10k
Price spread, last 7 days+0.022%+$2 · spread now −0.014%, 7d avg −0.005%
Together, before fees+0.076%+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SPYUSDT774.520get 0.0000% / 8h57m 45s$10.9M$1.7M50x
ShortMEXC SPY_USDT774.410get 0.0000% / 8h57m 45s$29.7M$11.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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: −0.014% → −0.005%
−$0.89
Slippage, 4 orders
−$1.69
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$14.58
Costs to cover
0.137%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 1 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 Bitget live order book, 1 min ago0.06 bp7.0 bp −$78.9 bp −$8912.8 bp −$1,28519.8 bp −$9,901
Sell MEXC live order book, 1 min ago0.06 bp0.1 bp $00.1 bp −$10.1 bp −$81.5 bp −$771

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
ApeX Omni SPYUSDT−0.0291%1h773.48−0.134%$164K$25K50xas long as short
BloFin SPY-USDT−0.0120%8h774.10−0.054%$418K$469K50xas long as short
Phoenix SPY−0.0114%1h774.06−0.059%$161K$254K20xas long as short
Nado SPY-PERP−0.0021%1h774.13−0.051%$1.6M$250K20xas long as short
Aster SPYUSDT0.0000%8h774.43−0.012%$864K$198K20xas long as short
Binance SPYUSDT0.0000%8h774.39−0.017%$28.7M$77.0M50xas long as short
Bybit SPYUSDT0.0000%8h774.25−0.035%$6.2M$1.7M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.41−0.014%$7.9M$3.3M50xas long as short
Gate SPY_USDT0.0000%8h773.79−0.094%$770K$2.4M75xas long as short
MEXC SPY_USDTshort0.0000%8h774.41−0.014%$29.7M$11.8M100x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPYUSDTlong0.0000%8h774.52long leg$10.9M$1.7M50x
GRVT SPY_USDT_Perp0.0000%8h774.43−0.012%$158K$351K10xas long as short
SunX SPY-USDT0.0000%8h775.51+0.128%$2K$1.3M10xas long as short
Deribit SPY_USDC-PERPETUAL0.0000%1h774.17−0.045%$23K$54K20xas long as short
HTX SPY-USDT0.0000%8h774.66+0.018%$300K$38K50xas long as short
RISEx SPY/USDC+0.0014%1h774.61+0.012%$7.1M$4.1M25xas long as short
Coinbase International SPY-PERP-INTX+0.0024%1h773.92−0.077%$950K$531K20xas long as short
Lighter SPY+0.0032%1h774.43−0.012%$8.2M$17.5M50xas long as short
Lighter RH SPY+0.0032%1h774.64+0.015%$56.6M$117.1M50xas long as short
Arcus SPY-USD+0.0040%1h773.70−0.106%$927K$1.4M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.34−0.152%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.37−0.148%$4.8M$871K20xas long as short
edgeX SPYUSDC+0.0060%4h774.31−0.027%$640K$243K20xas long as short
KuCoin SPYUSDTM+0.0100%8h773.65−0.112%$2.5M$1.0M20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.33−0.025%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.84−0.088%$87K10xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.41−0.014%$10K26xas long as short