Spread before costs (cost unknown: a leg has no order-book sample)+0.160%
7d average—if it closes, per $10,000$16funding while held, a day−$12.42
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SPY/USD [ETH-USDC] | 772.68 | L +0.0414% / S −0.3519% | pay 0.0052% / 1h | 12m 09s | $24K | — | 53x |
| Short | SunX SPY-USDT | 773.92 | 0 | get 0.0000% / 8h | 7h 12m | $2K | $1.5M | 10x |
GMX SPY/USD [ETH-USDC]
SunX SPY-USDTPrice 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
- $15.98
- Funding while held
- −$12.42
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee SunX: 5 bp × 2 orders
- −$10
- Net
- −$18.44
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; SunX: live order book, 9 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0414%
- Per $10,000 a day
- −$12.42
- 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 SunX live order book, 9 min ago | 29.08 bp | 129.7 bp −$130 | doesn't fit | 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.Phoenix771.88cheapestOndo Perps771.90+0.003%Vest771.94+0.008%ApeX Omni772.06+0.023%KuCoin772.09+0.027%Arcus772.11+0.030%Nado772.16+0.036%Coinbase International772.21+0.043%Gate772.27+0.051%Aevo772.33+0.059%Aster772.61+0.095%Bitget772.61+0.095%Deribit772.61+0.095%edgeX772.65+0.100%MEXC772.65+0.100%Binance772.66+0.101%Lighter772.68+0.104%
Phoenix
Ondo Perps
Vest
ApeX Omni
KuCoin
Arcus
Nado
Coinbase International
Gate
Aevo
Aster
Bitget
Deribit
MEXC
Binance
LighterGMX772.68+0.104%
BloFin772.71+0.108%Bybit772.75+0.113%OKX772.75+0.113%RISEx772.77+0.115%Orderly772.85+0.126%HTX772.91+0.133%Lighter RH772.98+0.143%
BloFin
Bybit
OKX
RISEx
Orderly
HTX
Lighter RHSunX773.92+0.264%
SPY on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.104% | −0.0280% | 1h | $160K | $266K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.102% | +0.0050% | 1h | $4.7M | $491K | 20x | as long as short |
| Vest SPY-USD-PERP | −0.096% | +0.0046% | 1h | — | $84K | 50x | as long as short |
| ApeX Omni SPYUSDT | −0.081% | +0.0100% | 1h | $155K | $31K | 50x | as long as short |
| KuCoin SPYUSDTM | −0.077% | +0.0100% | 8h | $2.5M | $1.1M | 20x | as long as short |
| Arcus SPY-USD | −0.074% | +0.0154% | 1h | $971K | $1.1M | 50x | as long as short |
| Nado SPY-PERP | −0.069% | +0.0083% | 1h | $1.6M | $366K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | −0.061% | +0.0152% | 1h | $937K | $595K | 20x | as long as short |
| Gate SPY_USDT | −0.054% | 0.0000% | 8h | $728K | $1.8M | 75x | as long as short |
| Aevo SPY-PERP | −0.046% | +0.0104% | 1h | $87K | — | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster SPYUSDT | −0.010% | +0.0121% | 8h | $862K | $220K | 20x | as long as short |
| Bitget SPYUSDT | −0.010% | +0.0190% | 8h | $10.9M | $3.0M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | −0.010% | +0.0216% | 1h | $22K | $73K | 20x | as long as short |
| edgeX SPYUSDC | −0.005% | +0.0577% | 4h | $638K | $241K | 20x | as long as short |
| MEXC SPY_USDT | −0.005% | +0.0110% | 8h | $19.6M | $10.5M | 100x | as long as short |
| Binance SPYUSDT | −0.003% | +0.0110% | 8h | $31.5M | $70.9M | 50x | as long as short |
| Lighter SPY | −0.001% | +0.0032% | 1h | $9.0M | $20.0M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC]long | 0.000% | L +0.0414% / S −0.3519% | 1h | $24K | — | 53x | |
| BloFin SPY-USDT | +0.003% | −0.0010% | 8h | $432K | $695K | 50x | as long as short |
| Bybit SPYUSDT | +0.008% | 0.0000% | 8h | $6.3M | $2.0M | 100x | as long as short |
| OKX SPY-USDT-SWAP | +0.008% | +0.0077% | 8h | $8.2M | $3.0M | 50x | as long as short |
| RISEx SPY/USDC | +0.011% | +0.0339% | 1h | $6.9M | $5.7M | 25x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.021% | +0.0100% | 8h | $1K | — | 20x | as long as short |
| HTX SPY-USDT | +0.029% | 0.0000% | 8h | $308K | $23K | 50x | as long as short |
| Lighter RH SPY | +0.038% | +0.0032% | 1h | $56.4M | $123.6M | 50x | as long as short |
| SunX SPY-USDTshort | +0.160% | 0.0000% | 8h | $2K | $1.5M | 10x |