Settings8H · net · $10k
Funding arb · Price arb /

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Gate+0.191%61s7-day average +0.169% · you sell dearer than you buy
to open and close $10k−$260fees + slippage, both legs, in and out
costs, in % of the position2.601%what the two incomes have to cover
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.191%, 7d avg +0.169%
Together, before fees−0.009%−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.022% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.169%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SPY_USDT774.120get 0.0000% / 8h4h 52m$739K$2.0M75x
ShortSunX SPY-USDT775.600get 0.0000% / 8h4h 52m$2K$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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

Funding earned
$0
Price spread: +0.191% → +0.169%
$2.21
Slippage, 4 orders
−$237.12
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$257.92
Costs to cover
2.601%
Break-even
never at this rate
Slippage from Gate: live order book, 7 min ago; SunX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 7 min ago3.36 bp11.7 bp −$1216.7 bp −$16755.5 bp −$5,553doesn't fit
Sell SunX live order book, 9 min ago29.06 bp128.7 bp −$129doesn't fitdoesn't fitdoesn't fit

SPY on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix SPY−0.0300%1h773.98−0.018%$161K$295K20xas long as short
BloFin SPY-USDT−0.0120%8h774.66+0.070%$426K$717K50xas long as short
Aster SPYUSDT0.0000%8h774.49+0.048%$865K$274K20xas long as short
Binance SPYUSDT0.0000%8h774.55+0.056%$29.0M$84.4M50xas long as short
Bybit SPYUSDT0.0000%8h774.61+0.063%$6.2M$2.2M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.53+0.053%$8.0M$3.5M50xas long as short
RISEx SPY/USDC0.0000%1h774.59+0.061%$6.9M$5.7M25xas long as short
Gate SPY_USDTlong0.0000%8h774.12long leg$739K$2.0M75x
MEXC SPY_USDT0.0000%8h774.54+0.054%$22.6M$12.2M100xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.70+0.075%$158K$518K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDTshort0.0000%8h775.60+0.191%$2K$1.6M10x
HTX SPY-USDT0.0000%8h774.91+0.102%$309K$20K50xas long as short
Lighter SPY+0.0032%1h774.64+0.067%$9.0M$21.6M50xas long as short
Lighter RH SPY+0.0032%1h774.93+0.105%$57.1M$124.8M50xas long as short
Arcus SPY-USD+0.0040%1h774.05−0.009%$951K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.49−0.081%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.80−0.041%$4.8M$896K20xas long as short
Deribit SPY_USDC-PERPETUAL+0.0060%1h774.38+0.034%$22K$74K20xas long as short
Bitget SPYUSDT+0.0072%8h774.60+0.062%$10.8M$3.1M50xas long as short
Coinbase International SPY-PERP-INTX+0.0080%1h774.49+0.048%$933K$619K20xas long as short
KuCoin SPYUSDTM+0.0100%8h774.120.000%$2.5M$1.0M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h774.120.000%$154K$32K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.59+0.061%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h774.07−0.007%$87K10xas long as short
Nado SPY-PERP+0.0149%1h774.10−0.002%$1.5M$305K20xas long as short
GMX SPY/USD [ETH-USDC]L +0.0327% / S −0.1264%1h774.50+0.048%$25K53xas long as short
edgeX SPYUSDC+0.0809%4h774.51+0.051%$640K$240K20xas long as short