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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%
Price spread now: Binance against OKX+0.021%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.211% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.174%−$17 on $10k
Price spread, last 7 days−0.007%−$1 · spread now +0.021%, 7d avg +0.017%
Together, before fees−0.181%−$18 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SPY-USDT-SWAP774.190get 0.0000% / 8h1h 25m$8.0M$3.3M50x
ShortBinance SPYUSDT774.350get 0.0000% / 8h1h 25m$28.7M$78.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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: +0.021% → +0.017%
$0.33
Slippage, 4 orders
−$1.11
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$20.78
Costs to cover
0.211%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 17 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 OKX live order book, 2 min ago0.06 bp5.2 bp −$57.7 bp −$7719.4 bp −$1,942doesn't fit
Sell Binance live order book, 17 min ago0.06 bp5.1 bp −$55.3 bp −$5310.1 bp −$1,01125.2 bp −$12.6K

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
ApeX Omni SPYUSDT−0.0211%1h773.24−0.123%$164K$25K50xas long as short
BloFin SPY-USDT−0.0120%8h774.10−0.012%$419K$472K50xas long as short
Phoenix SPY−0.0114%1h773.79−0.052%$161K$294K20xas long as short
Ondo Perps SPY-USD.P−0.0029%1h773.40−0.102%$4.8M$870K20xas long as short
Nado SPY-PERP−0.0010%1h774.13−0.008%$1.6M$254K20xas long as short
Aster SPYUSDT0.0000%8h774.26+0.009%$863K$198K20xas long as short
Binance SPYUSDTshort0.0000%8h774.35+0.021%$28.7M$78.7M50x
Bybit SPYUSDT0.0000%8h774.12−0.009%$6.2M$1.7M100xas long as short
OKX SPY-USDT-SWAPlong0.0000%8h774.19long leg$8.0M$3.3M50x
Gate SPY_USDT0.0000%8h773.83−0.047%$770K$2.5M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SPY_USDT0.0000%8h774.34+0.019%$29.7M$11.9M100xas long as short
Bitget SPYUSDT0.0000%8h774.52+0.043%$10.9M$1.8M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.43+0.031%$158K$361K10xas long as short
SunX SPY-USDT0.0000%8h775.45+0.163%$2K$1.4M10xas long as short
Deribit SPY_USDC-PERPETUAL0.0000%1h773.94−0.032%$23K$56K20xas long as short
HTX SPY-USDT0.0000%8h774.57+0.049%$300K$38K50xas long as short
Lighter SPY+0.0032%1h774.42+0.030%$8.2M$18.6M50xas long as short
Lighter RH SPY+0.0032%1h774.66+0.061%$56.2M$119.1M50xas long as short
Coinbase International SPY-PERP-INTX+0.0032%1h773.92−0.035%$950K$555K20xas long as short
Arcus SPY-USD+0.0040%1h773.54−0.084%$927K$1.4M50xas long as short
RISEx SPY/USDC+0.0043%1h774.62+0.056%$7.1M$4.2M25xas long as short
Vest SPY-USD-PERP+0.0046%1h773.38−0.105%$123K50xas long as short
KuCoin SPYUSDTM+0.0100%8h773.50−0.089%$2.5M$1.0M20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.24+0.006%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.80−0.050%$87K10xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.36+0.021%$10K26xas long as short
edgeX SPYUSDC+0.0854%4h774.21+0.003%$640K$241K20xas long as short