SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.010%

Price spread now: Vest against Deribit−0.102%48s7-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 Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.102% cheaper against Deribit than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 7.4 days of funding at the current rate (+$1 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SPY_USDC-PERPETUAL	774.26	0	get 0.0000% / 1h	44m 30s	$23K	$39K	20x
Short	Vest SPY-USD-PERP	773.47	0.0046	get 0.0006% / 1h	44m 30s	—	$85K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.102%Rate

Funding earned: $9.59
Price spread: −0.102% → 0.000%: −$10.2
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$9.61
Costs to cover: 0.090%
Break-even: 14.0 days

Slippage unknown: Deribit: no order-book sample; Vest: 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 Vest no order-book sample	—	—	—	—	—

Deribit and Vest: 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 exchanges

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
ApeX Omni SPYUSDT	−0.0311%	1h	773.51	−0.097%	$223K	$51K	50x	as long as short
BloFin SPY-USDT	−0.0120%	8h	774.61	+0.045%	$417K	$422K	50x	as long as short
Aster SPYUSDT	0.0000%	8h	774.66	+0.052%	$863K	$200K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.60	+0.045%	$28.5M	$75.8M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.60	+0.044%	$6.2M	$1.5M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.53	+0.035%	$7.8M	$3.1M	50x	as long as short
RISEx SPY/USDC	0.0000%	1h	774.60	+0.044%	$7.1M	$3.3M	25x	as long as short
Gate SPY_USDT	0.0000%	8h	774.22	−0.005%	$788K	$2.5M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.60	+0.044%	$29.2M	$13.3M	100x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.73	+0.061%	$11.1M	$1.6M	50x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SPY_USDT_Perp	0.0000%	8h	774.88	+0.081%	$161K	$336K	10x	as long as short
Phoenix SPY	0.0000%	1h	774.24	−0.003%	$158K	$74K	20x	as long as short
SunX SPY-USDT	0.0000%	8h	775.67	+0.182%	$2K	$1.2M	10x	as long as short
Deribit SPY_USDC-PERPETUALlong	0.0000%	1h	774.26	long leg	$23K	$39K	20x
HTX SPY-USDT	0.0000%	8h	775.04	+0.101%	$300K	$38K	50x	as long as short
Nado SPY-PERP	+0.0005%	1h	774.28	+0.002%	$1.5M	$283K	20x	as long as short
Arcus SPY-USD	+0.0015%	1h	773.73	−0.068%	$980K	$1.4M	50x	as long as short
Lighter SPY	+0.0032%	1h	774.43	+0.022%	$7.8M	$16.3M	50x	as long as short
Lighter RH SPY	+0.0032%	1h	774.75	+0.063%	$56.9M	$114.9M	50x	as long as short
Vest SPY-USD-PERPshort	+0.0046%	1h	773.47	−0.102%	—	$85K	50x
Ondo Perps SPY-USD.P	+0.0050%	1h	773.63	−0.081%	$4.8M	$844K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0056%	1h	774.22	−0.005%	$952K	$171K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	774.10	−0.021%	$2.5M	$1.0M	20x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.41	+0.019%	$1K	—	20x	as long as short
Aevo SPY-PERP	+0.0104%	1h	774.01	−0.032%	$87K	—	10x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.55	+0.038%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0770%	4h	774.55	+0.038%	$640K	$243K	20x	as long as short