SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.023%

Price spread now: Aevo against Deribit−0.024%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.024% cheaper against Deribit than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPY_USDC-PERPETUAL	773.81	0	get 0.0000% / 1h	12m 16s	$23K	$56K	20x
Short	Aevo SPY-PERP	773.63	0.0104	get 0.0013% / 1h	12m 16s	$87K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee AevobpOrdersPrice spread, now −0.024%Rate

Funding earned: $21.84
Price spread: −0.024% → 0.000%: −$2.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$3.52
Costs to cover: 0.230%
Break-even: 8.1 days

Slippage unknown: Deribit: no order-book sample; Aevo: no order-book sample. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Deribit and Aevo: 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 on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SPY-USDT	−0.0118%	8h	774.25	+0.057%	$417K	$468K	50x	as long as short
ApeX Omni SPYUSDT	−0.0039%	1h	773.20	−0.079%	$162K	$24K	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.26	+0.058%	$6.3M	$2.0M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.25	+0.057%	$7.9M	$3.2M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.99	+0.023%	$776K	$2.4M	75x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.40	+0.076%	$10.9M	$1.8M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.36	+0.071%	$163K	$374K	10x	as long as short
Phoenix SPY	0.0000%	1h	773.62	−0.025%	$161K	$295K	20x	as long as short
SunX SPY-USDT	0.0000%	8h	775.25	+0.186%	$2K	$1.4M	10x	as long as short
Deribit SPY_USDC-PERPETUALlong	0.0000%	1h	773.81	long leg	$23K	$56K	20x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SPY-USDT	0.0000%	8h	774.66	+0.110%	$308K	$20K	50x	as long as short
Binance SPYUSDT	+0.0002%	8h	774.21	+0.052%	$28.2M	$79.9M	50x	as long as short
MEXC SPY_USDT	+0.0002%	8h	774.21	+0.052%	$26.5M	$12.1M	100x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.61	−0.026%	$935K	$1.4M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.02	−0.102%	—	$123K	50x	as long as short
Aster SPYUSDT	+0.0048%	8h	774.28	+0.061%	$865K	$196K	20x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.58	−0.030%	$4.8M	$829K	20x	as long as short
Lighter RH SPY	+0.0064%	1h	774.52	+0.092%	$56.5M	$115.5M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0064%	1h	774.05	+0.031%	$954K	$552K	20x	as long as short
Nado SPY-PERP	+0.0073%	1h	773.86	+0.007%	$1.5M	$280K	20x	as long as short
Lighter SPY	+0.0080%	1h	774.21	+0.052%	$8.3M	$19.7M	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.82	+0.001%	$2.5M	$978K	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.17	+0.047%	$1K	—	20x	as long as short
Aevo SPY-PERPshort	+0.0104%	1h	773.63	−0.024%	$87K	—	10x
RISEx SPY/USDC	+0.0173%	1h	774.34	+0.069%	$7.0M	$5.0M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.24	+0.055%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0684%	4h	774.17	+0.047%	$640K	$243K	20x	as long as short