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−$32
spread now−0.093%7d average−0.081%fees + slippage, in and out−$30spread needed0.303%
Long on BitgetShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SPYUSDT773.230.0137pay 0.0137% / 8h6h 09m$10.8M$3.1M50x
ShortPhoenix SPY772.51−0.0290pay 0.0036% / 1h9m 13s$160K$266K20x

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
−$9.31
Funding while held
−$12.82
Slippage, 4 orders
−$11.31
Fee Bitget: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$52.44
Spread needed to break even
0.303%
Slippage from Bitget: live order book, 1 min ago; Phoenix: live order book, 60 min ago.

Cost of waiting

funding view
Funding /8h
−0.0427%
Per $10,000 a day
−$12.82
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, 1 min ago0.26 bp6.4 bp −$68.7 bp −$8712.5 bp −$1,24815.5 bp −$7,771
Sell Phoenix live order book, 60 min ago0.13 bp8.5 bp −$914.9 bp −$149doesn't fitdoesn't fit

SPY price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps772.06cheapestKuCoin772.48+0.054%
Phoenix772.51+0.058%
Vest772.52+0.060%Arcus772.53+0.061%Gate772.69+0.082%Aevo772.72+0.086%Nado772.79+0.095%Coinbase International773.00+0.122%RISEx773.07+0.131%MEXC773.10+0.135%GMX773.12+0.137%Binance773.12+0.137%OKX773.14+0.140%ApeX Omni773.14+0.140%Aster773.15+0.141%BloFin773.15+0.141%Deribit773.16+0.142%edgeX773.22+0.150%Bybit773.23+0.152%
Bitget773.23+0.152%
Orderly773.24+0.153%Lighter773.26+0.155%HTX773.39+0.172%Lighter RH773.54+0.192%SunX774.26+0.285%

SPY on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps SPY-USD.P−0.151%−0.0106%1h$4.7M$779K20xas long as short
KuCoin SPYUSDTM−0.097%+0.0100%8h$2.5M$1.1M20xas long as short
Phoenix SPYshort−0.093%−0.0290%1h$160K$266K20x
Vest SPY-USD-PERP−0.092%+0.0046%1h—$84K50xas long as short
Arcus SPY-USD−0.091%+0.0040%1h$933K$1.2M50xas long as short
Gate SPY_USDT−0.070%0.0000%8h$738K$1.9M75xas long as short
Aevo SPY-PERP−0.065%+0.0104%1h$87K—10xas long as short
Nado SPY-PERP−0.057%−0.0005%1h$1.6M$257K20xas long as short
Coinbase International SPY-PERP-INTX−0.030%+0.0136%1h$931K$610K20xas long as short
RISEx SPY/USDC−0.021%+0.0126%1h$7.1M$5.8M25xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC SPY_USDT−0.017%+0.0037%8h$26.9M$10.7M100xas long as short
GMX SPY/USD [ETH-USDC]−0.015%L +0.0370% / S −0.2805%1h$24K—53xas long as short
Binance SPYUSDT−0.014%+0.0038%8h$29.3M$79.7M50xas long as short
OKX SPY-USDT-SWAP−0.012%+0.0025%8h$8.1M$3.2M50xas long as short
ApeX Omni SPYUSDT−0.012%+0.0100%1h$155K$31K50xas long as short
Aster SPYUSDT−0.010%+0.0038%8h$861K$273K20xas long as short
BloFin SPY-USDT−0.010%−0.0082%8h$430K$705K50xas long as short
Deribit SPY_USDC-PERPETUAL−0.009%+0.0073%1h$22K$73K20xas long as short
edgeX SPYUSDC−0.001%+0.0604%4h$639K$240K20xas long as short
Bybit SPYUSDT0.000%0.0000%8h$6.3M$2.1M100xas long as short
Bitget SPYUSDTlong0.000%+0.0137%8h$10.8M$3.1M50x
Orderly PERP_SPY_USDC_mythos+0.001%+0.0100%8h$1K—20xas long as short
Lighter SPY+0.004%+0.0032%1h$9.1M$21.6M50xas long as short
HTX SPY-USDT+0.021%0.0000%8h$308K$23K50xas long as short
Lighter RH SPY+0.040%+0.0032%1h$57.1M$125.2M50xas long as short
SunX SPY-USDT+0.133%0.0000%8h$2K$1.6M10xas long as short