SPY

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.070%

7d average—if it closes, per $10,000$7funding while held, a day+$0.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPY_USDC-PERPETUAL	773.64	0	get 0.0000% / 1h	51m 49s	$22K	$73K	20x
Short	Gate SPY_USDT	773.10	0	get 0.0000% / 8h	5h 51m	$738K	$1.9M	75x

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

Profit calculator

Position, each leg$Hold forhoursFee DeribitbpFee GatebpOrdersClose when spread is

Spread captured: −$6.98
Funding while held: $0
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$28.98
Spread needed to break even: 0.220%

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: 0.0000%
Per $10,000 a day: +$0.00
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 Deribit no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	1.55 bp	9.7 bp −$10	11.4 bp −$114	47.7 bp −$4,769	doesn't fit

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.

SPY 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	−0.143%	−0.0174%	1h	$4.7M	$779K	20x	as long as short
KuCoin SPYUSDTM	−0.094%	+0.0100%	8h	$2.5M	$1.1M	20x	as long as short
Phoenix SPY	−0.094%	−0.0404%	1h	$160K	$295K	20x	as long as short
Arcus SPY-USD	−0.088%	+0.0040%	1h	$934K	$1.2M	50x	as long as short
Coinbase International SPY-PERP-INTX	−0.083%	+0.0104%	1h	$931K	$603K	20x	as long as short
Vest SPY-USD-PERP	−0.080%	+0.0046%	1h	—	$84K	50x	as long as short
Gate SPY_USDTshort	−0.070%	0.0000%	8h	$738K	$1.9M	75x
ApeX Omni SPYUSDT	−0.059%	+0.0100%	1h	$155K	$31K	50x	as long as short
Aevo SPY-PERP	−0.049%	+0.0104%	1h	$87K	—	10x	as long as short
Nado SPY-PERP	−0.042%	−0.0052%	1h	$1.6M	$258K	20x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX SPYUSDC	−0.018%	+0.0607%	4h	$639K	$240K	20x	as long as short
Aster SPYUSDT	−0.018%	+0.0030%	8h	$861K	$273K	20x	as long as short
Binance SPYUSDT	−0.010%	+0.0021%	8h	$29.2M	$80.5M	50x	as long as short
OKX SPY-USDT-SWAP	−0.009%	+0.0010%	8h	$8.1M	$3.2M	50x	as long as short
MEXC SPY_USDT	−0.008%	+0.0022%	8h	$27.0M	$9.2M	100x	as long as short
Bitget SPYUSDT	−0.008%	+0.0122%	8h	$10.8M	$3.1M	50x	as long as short
Orderly PERP_SPY_USDC_mythos	−0.008%	+0.0100%	8h	$1K	—	20x	as long as short
BloFin SPY-USDT	−0.008%	−0.0097%	8h	$431K	$706K	50x	as long as short
RISEx SPY/USDC	−0.005%	0.0000%	1h	$7.0M	$5.7M	25x	as long as short
GMX SPY/USD [ETH-USDC]	−0.005%	L +0.0327% / S −0.2140%	1h	$24K	—	53x	as long as short
Bybit SPYUSDT	0.000%	0.0000%	8h	$6.3M	$2.1M	100x	as long as short
Deribit SPY_USDC-PERPETUALlong	0.000%	0.0000%	1h	$22K	$73K	20x
HTX SPY-USDT	+0.004%	0.0000%	8h	$308K	$23K	50x	as long as short
Lighter SPY	+0.026%	+0.0032%	1h	$9.1M	$21.0M	50x	as long as short
Lighter RH SPY	+0.050%	+0.0032%	1h	$57.0M	$121.5M	50x	as long as short
SunX SPY-USDT	+0.141%	0.0000%	8h	$2K	$1.6M	10x	as long as short