Spread before costs (cost unknown: a leg has no order-book sample)−0.043%
7d average—if it closes, per $10,000$4funding while held, a day+$3.81
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPYUSDT | 769.93 | 0 | get 0.0000% / 8h | 1h 26m | $6.2M | $1.7M | 100x |
| Short | Deribit SPY_USDC-PERPETUAL | 769.60 | 0.0127 | get 0.0016% / 1h | 26m 41s | $18K | $54K | 20x |
Bybit SPYUSDT
Deribit SPY_USDC-PERPETUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$4.29
- Funding while held
- $3.81
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$18.48
- Spread needed to break even
- 0.180%
Slippage unknown: Bybit: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0127%
- Per $10,000 a day
- +$3.81
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 3 min ago | 0.32 bp | 6.9 bp −$7 | 9.2 bp −$92 | 23.3 bp −$2,325 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SPY price on every exchange
against the cheapest. Click to use as the short leg.Phoenix768.72cheapestOndo Perps768.82+0.013%Arcus768.95+0.030%Vest769.14+0.055%Aevo769.30+0.076%ApeX Omni769.36+0.083%Nado769.41+0.090%Gate769.43+0.092%KuCoin769.46+0.096%edgeX769.47+0.098%Coinbase International769.55+0.108%
Phoenix
Ondo Perps
Arcus
Vest
Aevo
ApeX Omni
Nado
Gate
KuCoin
Coinbase InternationalDeribit769.60+0.114%
BloFin769.65+0.121%Orderly769.68+0.125%Aster769.77+0.137%GMX769.80+0.141%Lighter769.82+0.143%OKX769.91+0.155%MEXC769.91+0.155%Binance769.91+0.155%
BloFin
Orderly
Aster
GMX
Lighter
OKX
MEXC
BinanceBybit769.93+0.157%
Bitget769.93+0.157%HTX769.93+0.157%RISEx770.03+0.171%Lighter RH770.17+0.189%SunX770.95+0.290%
Bitget
HTX
RISEx
Lighter RH
SunXSPY on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.157% | −0.0240% | 1h | $176K | $229K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.144% | +0.0028% | 1h | $4.7M | $384K | 20x | as long as short |
| Arcus SPY-USD | −0.127% | +0.0040% | 1h | $1.0M | $956K | 50x | as long as short |
| Vest SPY-USD-PERP | −0.103% | +0.0046% | 1h | — | $61K | 50x | as long as short |
| Aevo SPY-PERP | −0.082% | +0.0104% | 1h | $86K | — | 10x | as long as short |
| ApeX Omni SPYUSDT | −0.074% | +0.0100% | 1h | $154K | $31K | 50x | as long as short |
| Nado SPY-PERP | −0.067% | −0.0006% | 1h | $1.5M | $360K | 20x | as long as short |
| Gate SPY_USDT | −0.065% | 0.0000% | 8h | $813K | $1.2M | 75x | as long as short |
| KuCoin SPYUSDTM | −0.061% | +0.0100% | 8h | $2.4M | $1.2M | 20x | as long as short |
| edgeX SPYUSDC | −0.059% | +0.0180% | 4h | $641K | $233K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International SPY-PERP-INTX | −0.049% | +0.0208% | 1h | $959K | $554K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUALshort | −0.043% | +0.0127% | 1h | $18K | $54K | 20x | |
| BloFin SPY-USDT | −0.036% | +0.0035% | 8h | $443K | $629K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | −0.032% | +0.0100% | 8h | $1K | — | 20x | as long as short |
| Aster SPYUSDT | −0.021% | +0.0155% | 8h | $860K | $156K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | −0.016% | L +0.0429% / S −0.3519% | 1h | $20K | — | 26x | as long as short |
| Lighter SPY | −0.014% | +0.0096% | 1h | $10.8M | $14.2M | 50x | as long as short |
| OKX SPY-USDT-SWAP | −0.003% | +0.0102% | 8h | $8.3M | $2.5M | 50x | as long as short |
| MEXC SPY_USDT | −0.003% | +0.0155% | 8h | $19.9M | $11.4M | 100x | as long as short |
| Binance SPYUSDT | −0.002% | +0.0155% | 8h | $33.4M | $58.4M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.000% | 0.0000% | 8h | $6.2M | $1.7M | 100x | |
| Bitget SPYUSDT | 0.000% | +0.0242% | 8h | $11.0M | $2.6M | 50x | as long as short |
| HTX SPY-USDT | 0.000% | 0.0000% | 8h | $307K | $23K | 50x | as long as short |
| RISEx SPY/USDC | +0.014% | +0.0079% | 1h | $6.8M | $5.4M | 25x | as long as short |
| Lighter RH SPY | +0.031% | +0.0064% | 1h | $57.6M | $112.3M | 50x | as long as short |
| SunX SPY-USDT | +0.132% | 0.0000% | 8h | $2K | $1.3M | 10x | as long as short |