SPY

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After costs, if the gap returns to its 7d average, $10k−$27

spread now+0.043%7d average+0.081%fees + slippage, in and out−$24spread needed0.236%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPY-PERP-INTX	770.33	0.0192	pay 0.0024% / 1h	39m 10s	$953K	$565K	20x
Short	Aster SPYUSDT	770.66	0.0173	get 0.0173% / 8h	39m 10s	$864K	$163K	20x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee Coinbase InternationalbpFee AsterbpOrdersClose when spread is

Slippage from Coinbase International: live order book, 16 min ago; Aster: live order book, 10 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 16 min ago	0.06 bp	8.0 bp −$8	10.1 bp −$101	28.1 bp −$2,814	doesn't fit
Sell Aster live order book, 10 min ago	0.65 bp	4.8 bp −$5	4.9 bp −$49	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin SPYUSDTM	−0.051%	+0.0100%	8h	$2.4M	$1.2M	20x	as long as short
Ondo Perps SPY-USD.P	−0.047%	+0.0050%	1h	$4.8M	$412K	20x	as long as short
Phoenix SPY	−0.043%	−0.0375%	1h	$157K	$264K	20x	as long as short
Vest SPY-USD-PERP	−0.035%	+0.0046%	1h	—	$61K	50x	as long as short
ApeX Omni SPYUSDT	−0.034%	+0.0100%	1h	$154K	$31K	50x	as long as short
Gate SPY_USDT	−0.029%	0.0000%	8h	$814K	$1.3M	75x	as long as short
Nado SPY-PERP	−0.017%	+0.0009%	1h	$1.6M	$368K	20x	as long as short
Aevo SPY-PERP	−0.012%	+0.0104%	1h	$86K	—	10x	as long as short
Arcus SPY-USD	−0.010%	+0.0040%	1h	$1.0M	$1.0M	50x	as long as short
Coinbase International SPY-PERP-INTXlong	0.000%	+0.0192%	1h	$953K	$565K	20x

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX SPYUSDC	+0.023%	+0.0007%	4h	$642K	$234K	20x	as long as short
Deribit SPY_USDC-PERPETUAL	+0.030%	+0.0165%	1h	$18K	$57K	20x	as long as short
Lighter SPY	+0.031%	+0.0032%	1h	$9.5M	$18.1M	50x	as long as short
Bybit SPYUSDT	+0.035%	0.0000%	8h	$6.2M	$1.8M	100x	as long as short
OKX SPY-USDT-SWAP	+0.035%	+0.0096%	8h	$8.2M	$2.7M	50x	as long as short
Bitget SPYUSDT	+0.038%	+0.0241%	8h	$11.1M	$2.7M	50x	as long as short
Aster SPYUSDTshort	+0.043%	+0.0173%	8h	$864K	$163K	20x
MEXC SPY_USDT	+0.044%	+0.0146%	8h	$23.4M	$10.5M	100x	as long as short
Binance SPYUSDT	+0.045%	+0.0146%	8h	$33.0M	$60.7M	50x	as long as short
GMX SPY/USD [ETH-USDC]	+0.046%	L +0.0429% / S −0.3519%	1h	$20K	—	53x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.048%	+0.0100%	8h	$1K	—	20x	as long as short
BloFin SPY-USDT	+0.049%	+0.0026%	8h	$440K	$666K	50x	as long as short
Lighter RH SPY	+0.065%	+0.0032%	1h	$57.6M	$116.0M	50x	as long as short
RISEx SPY/USDC	+0.080%	+0.0258%	1h	$6.9M	$5.6M	25x	as long as short
HTX SPY-USDT	+0.093%	0.0000%	8h	$307K	$23K	50x	as long as short
SunX SPY-USDT	+0.199%	0.0000%	8h	$2K	$1.4M	10x	as long as short