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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against KuCoin+0.010%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$570.571% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.010%, 7d avg +0.026%
Together, before fees+0.011%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SPYUSDTM773.810.0100pay 0.0100% / 8h6h 58m$2.5M$952K20x
ShortApeX Omni SPYUSDT773.890.0100get 0.0013% / 1h58m 44s$159K$23K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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: +0.010% → +0.026%
−$1.52
Slippage, 4 orders
−$35.1
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$58.62
Costs to cover
0.571%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; ApeX Omni: live order book, 7 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 KuCoin live order book, 3 min ago3.10 bp13.7 bp −$14104.6 bp −$1,046doesn't fitdoesn't fit
Sell ApeX Omni live order book, 7 min ago1.16 bp19.2 bp −$1984.7 bp −$847doesn'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
BloFin SPY-USDT−0.0095%8h774.43+0.080%$415K$571K50xas long as short
Arcus SPY-USD−0.0016%1h773.61−0.026%$936K$1.4M50xas long as short
Bybit SPYUSDT0.0000%8h774.55+0.096%$6.3M$2.0M100xas long as short
Gate SPY_USDT0.0000%8h773.98+0.022%$780K$2.3M75xas long as short
Bitget SPYUSDT0.0000%8h774.58+0.100%$11.0M$2.2M50xas long as short
SunX SPY-USDT0.0000%8h775.58+0.229%$1K$1.5M10xas long as short
HTX SPY-USDT0.0000%8h774.73+0.119%$308K$20K50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0008%1h774.09+0.036%$23K$55K20xas long as short
OKX SPY-USDT-SWAP+0.0014%8h774.46+0.084%$7.9M$3.3M50xas long as short
Aster SPYUSDT+0.0017%8h774.52+0.092%$863K$204K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPY_USDT+0.0024%8h774.40+0.076%$19.0M$11.5M100xas long as short
Binance SPYUSDT+0.0025%8h774.40+0.076%$28.5M$81.5M50xas long as short
Lighter SPY+0.0032%1h774.30+0.063%$8.3M$21.3M50xas long as short
Lighter RH SPY+0.0032%1h774.65+0.109%$57.6M$111.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.18−0.081%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.39−0.054%$4.8M$846K20xas long as short
GRVT SPY_USDT_Perp+0.0059%8h774.53+0.093%$160K$395K10xas long as short
Phoenix SPY+0.0062%1h773.85+0.005%$161K$295K20xas long as short
Coinbase International SPY-PERP-INTX+0.0088%1h774.00+0.025%$954K$554K20xas long as short
KuCoin SPYUSDTMlong+0.0100%8h773.81long leg$2.5M$952K20x
ApeX Omni SPYUSDTshort+0.0100%1h773.89+0.010%$159K$23K50x
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.44+0.081%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.84+0.004%$87K10xas long as short
Nado SPY-PERP+0.0115%1h773.99+0.023%$1.5M$285K20xas long as short
RISEx SPY/USDC+0.0190%1h774.59+0.101%$6.9M$5.2M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.43+0.081%$10K26xas long as short
edgeX SPYUSDC+0.0259%4h774.34+0.068%$640K$242K20xas long as short