Spread before costs (cost unknown: a leg has no order-book sample)−0.063%
7d average—if it closes, per $10,000$6funding while held, a day−$9.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SPY/USD [ETH-USDC] | 770.11 | L +0.0428% / S −0.3519% | pay 0.0054% / 1h | 22m 05s | $20K | — | 26x |
| Short | KuCoin SPYUSDTM | 769.62 | 0.0100 | get 0.0100% / 8h | 1h 22m | $2.4M | $1.2M | 20x |
GMX SPY/USD [ETH-USDC]
KuCoin SPYUSDTMPrice 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
- −$6.3
- Funding while held
- −$9.85
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$40.15
- Spread needed to break even
- 0.240%
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0328%
- Per $10,000 a day
- −$9.85
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 1 min ago | 3.25 bp | 10.7 bp −$11 | 107.4 bp −$1,074 | doesn't fit | doesn't fit |
GMX: 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.Phoenix768.72cheapestOndo Perps768.90+0.023%Arcus769.07+0.046%ApeX Omni769.34+0.081%Vest769.36+0.083%Nado769.54+0.107%Coinbase International769.55+0.108%Aevo769.57+0.111%Gate769.61+0.116%
Phoenix
Ondo Perps
Arcus
ApeX Omni
Vest
Nado
Coinbase International
Aevo
GateKuCoin769.62+0.117%
BloFin769.66+0.122%edgeX769.73+0.131%Deribit769.84+0.146%Orderly770.01+0.168%OKX770.07+0.176%Aster770.08+0.177%Bitget770.08+0.177%Lighter770.09+0.178%Bybit770.09+0.178%
BloFin
Deribit
Orderly
OKX
Aster
Bitget
Lighter
BybitGMX770.11+0.180%
MEXC770.14+0.185%Binance770.15+0.186%RISEx770.15+0.186%HTX770.29+0.204%Lighter RH770.43+0.222%SunX771.25+0.329%
MEXC
Binance
RISEx
HTX
Lighter RH
SunXSPY on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.180% | −0.0240% | 1h | $168K | $229K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.156% | +0.0046% | 1h | $4.8M | $390K | 20x | as long as short |
| Arcus SPY-USD | −0.134% | +0.0040% | 1h | $1.0M | $958K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.099% | +0.0100% | 1h | $154K | $31K | 50x | as long as short |
| Vest SPY-USD-PERP | −0.097% | +0.0046% | 1h | — | $61K | 50x | as long as short |
| Nado SPY-PERP | −0.073% | 0.0000% | 1h | $1.5M | $360K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | −0.072% | +0.0208% | 1h | $959K | $553K | 20x | as long as short |
| Aevo SPY-PERP | −0.070% | +0.0104% | 1h | $86K | — | 10x | as long as short |
| Gate SPY_USDT | −0.064% | 0.0000% | 8h | $813K | $1.2M | 75x | as long as short |
| KuCoin SPYUSDTMshort | −0.063% | +0.0100% | 8h | $2.4M | $1.2M | 20x |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.058% | +0.0034% | 8h | $444K | $630K | 50x | as long as short |
| edgeX SPYUSDC | −0.049% | +0.0976% | 4h | $641K | $234K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | −0.034% | +0.0088% | 1h | $18K | $55K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | −0.012% | +0.0100% | 8h | $1K | — | 20x | as long as short |
| OKX SPY-USDT-SWAP | −0.005% | +0.0102% | 8h | $8.3M | $2.5M | 50x | as long as short |
| Aster SPYUSDT | −0.003% | +0.0154% | 8h | $861K | $156K | 20x | as long as short |
| Bitget SPYUSDT | −0.003% | +0.0242% | 8h | $11.0M | $2.6M | 50x | as long as short |
| Lighter SPY | −0.002% | +0.0096% | 1h | $10.8M | $14.4M | 50x | as long as short |
| Bybit SPYUSDT | −0.002% | 0.0000% | 8h | $6.2M | $1.7M | 100x | as long as short |
| GMX SPY/USD [ETH-USDC]long | 0.000% | L +0.0428% / S −0.3519% | 1h | $20K | — | 26x | |
| MEXC SPY_USDT | +0.005% | +0.0153% | 8h | $19.9M | $11.4M | 100x | as long as short |
| Binance SPYUSDT | +0.006% | +0.0154% | 8h | $33.3M | $58.8M | 50x | as long as short |
| RISEx SPY/USDC | +0.006% | +0.0079% | 1h | $6.8M | $5.4M | 25x | as long as short |
| HTX SPY-USDT | +0.024% | 0.0000% | 8h | $307K | $23K | 50x | as long as short |
| Lighter RH SPY | +0.042% | +0.0064% | 1h | $57.6M | $112.7M | 50x | as long as short |
| SunX SPY-USDT | +0.149% | 0.0000% | 8h | $2K | $1.3M | 10x | as long as short |