After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.031%7d average+0.086%fees + slippage, in and out−$27spread needed0.269%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SPY-PERP-INTX | 773.00 | 0.0136 | pay 0.0017% / 1h | 6m 24s | $931K | $603K | 20x |
| Short | Bitget SPYUSDT | 773.24 | 0.0134 | get 0.0134% / 8h | 6h 06m | $10.8M | $3.1M | 50x |
Coinbase International SPY-PERP-INTX
Bitget SPYUSDTPrice 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
- $3.1
- Funding while held
- −$0.06
- Slippage, 4 orders
- −$4.87
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$23.83
- Spread needed to break even
- 0.269%
Slippage from Coinbase International: live order book, 38 min ago; Bitget: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0002%
- Per $10,000 a day
- −$0.06
- 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 Coinbase International live order book, 38 min ago | 1.42 bp | 7.2 bp −$7 | 9.0 bp −$90 | 27.4 bp −$2,738 | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.26 bp | 6.9 bp −$7 | 9.1 bp −$91 | 18.9 bp −$1,893 | 25.5 bp −$12.7K |
SPY price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps772.20cheapestPhoenix772.62+0.054%Arcus772.65+0.058%Vest772.72+0.067%KuCoin772.76+0.073%Gate772.83+0.082%Aevo772.86+0.086%ApeX Omni772.87+0.087%Nado772.98+0.101%
Ondo Perps
Phoenix
Arcus
Vest
KuCoin
Gate
Aevo
ApeX Omni
NadoCoinbase International773.00+0.104%
Aster773.15+0.123%edgeX773.18+0.127%BloFin773.21+0.131%RISEx773.23+0.133%GMX773.24+0.134%
Aster
BloFin
RISEx
GMXBitget773.24+0.135%
Deribit773.24+0.135%OKX773.26+0.137%MEXC773.27+0.139%Binance773.27+0.139%Bybit773.30+0.142%Orderly773.30+0.142%Lighter773.43+0.159%HTX773.43+0.159%Lighter RH773.68+0.192%SunX774.33+0.276%
Deribit
OKX
MEXC
Binance
Bybit
Orderly
Lighter
HTX
Lighter RH
SunXSPY on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps SPY-USD.P | −0.103% | −0.0110% | 1h | $4.7M | $779K | 20x | as long as short |
| Phoenix SPY | −0.049% | −0.0290% | 1h | $160K | $266K | 20x | as long as short |
| Arcus SPY-USD | −0.045% | +0.0040% | 1h | $933K | $1.2M | 50x | as long as short |
| Vest SPY-USD-PERP | −0.036% | +0.0046% | 1h | — | $84K | 50x | as long as short |
| KuCoin SPYUSDTM | −0.031% | +0.0100% | 8h | $2.5M | $1.1M | 20x | as long as short |
| Gate SPY_USDT | −0.022% | 0.0000% | 8h | $738K | $1.9M | 75x | as long as short |
| Aevo SPY-PERP | −0.018% | +0.0104% | 1h | $87K | — | 10x | as long as short |
| ApeX Omni SPYUSDT | −0.017% | +0.0100% | 1h | $155K | $31K | 50x | as long as short |
| Nado SPY-PERP | −0.003% | −0.0004% | 1h | $1.6M | $257K | 20x | as long as short |
| Coinbase International SPY-PERP-INTXlong | 0.000% | +0.0136% | 1h | $931K | $603K | 20x |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | +0.019% | +0.0036% | 8h | $861K | $273K | 20x | as long as short |
| edgeX SPYUSDC | +0.024% | +0.0542% | 4h | $639K | $240K | 20x | as long as short |
| BloFin SPY-USDT | +0.027% | −0.0084% | 8h | $430K | $706K | 50x | as long as short |
| RISEx SPY/USDC | +0.029% | +0.0126% | 1h | $7.1M | $5.7M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | +0.030% | L +0.0370% / S −0.2805% | 1h | $24K | — | 53x | as long as short |
| Bitget SPYUSDTshort | +0.031% | +0.0134% | 8h | $10.8M | $3.1M | 50x | |
| Deribit SPY_USDC-PERPETUAL | +0.031% | 0.0000% | 1h | $22K | $73K | 20x | as long as short |
| OKX SPY-USDT-SWAP | +0.034% | +0.0023% | 8h | $8.1M | $3.2M | 50x | as long as short |
| MEXC SPY_USDT | +0.035% | +0.0035% | 8h | $26.9M | $10.7M | 100x | as long as short |
| Binance SPYUSDT | +0.035% | +0.0035% | 8h | $29.2M | $79.8M | 50x | as long as short |
| Bybit SPYUSDT | +0.039% | 0.0000% | 8h | $6.3M | $2.1M | 100x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.039% | +0.0100% | 8h | $1K | — | 20x | as long as short |
| Lighter SPY | +0.056% | +0.0032% | 1h | $9.1M | $21.6M | 50x | as long as short |
| HTX SPY-USDT | +0.056% | 0.0000% | 8h | $308K | $23K | 50x | as long as short |
| Lighter RH SPY | +0.088% | +0.0032% | 1h | $57.1M | $125.3M | 50x | as long as short |
| SunX SPY-USDT | +0.172% | 0.0000% | 8h | $2K | $1.6M | 10x | as long as short |