data as of
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Price arb /

SPY

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$34
spread now+0.124%7d average+0.086%fees + slippage, in and out−$37spread needed0.375%
Long on PhoenixShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix SPY768.64−0.0240get 0.0030% / 1h29m 42s$178K$229K20x
ShortBinance SPYUSDT769.600.0156get 0.0156% / 8h1h 29m$33.4M$57.7M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$12.45
Funding while held
$11.88
Slippage, 4 orders
−$20.48
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Binance: 5 bp × 2 orders
−$10
Net
−$13.15
Spread needed to break even
0.375%
Slippage from Phoenix: live order book, 55 min ago; Binance: live order book, 14 min ago.

Cost of waiting

funding view
Funding /8h
+0.0396%
Per $10,000 a day
+$11.88
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 55 min ago0.13 bp13.7 bp −$1427.0 bp −$270doesn't fitdoesn't fit
Sell Binance live order book, 14 min ago0.06 bp5.1 bp −$55.1 bp −$518.5 bp −$85325.3 bp −$12.6K

SPY price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix768.64cheapest
Arcus768.69+0.007%Ondo Perps768.71+0.009%Vest769.15+0.066%Aevo769.17+0.070%KuCoin769.19+0.072%Coinbase International769.22+0.075%Aster769.26+0.081%ApeX Omni769.27+0.082%Gate769.28+0.083%Nado769.43+0.102%Deribit769.48+0.109%Bybit769.51+0.113%edgeX769.52+0.115%Lighter769.56+0.120%Bitget769.57+0.121%
Binance769.60+0.124%
MEXC769.60+0.125%Orderly769.62+0.127%BloFin769.66+0.133%RISEx769.73+0.141%GMX769.76+0.146%OKX769.85+0.157%Lighter RH769.91+0.165%HTX769.99+0.176%SunX770.91+0.295%

SPY on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix SPYlong0.000%−0.0240%1h$178K$229K20x
Arcus SPY-USD+0.007%+0.0040%1h$1.0M$953K50xas long as short
Ondo Perps SPY-USD.P+0.009%+0.0019%1h$4.7M$380K20xas long as short
Vest SPY-USD-PERP+0.066%+0.0046%1h—$61K50xas long as short
Aevo SPY-PERP+0.070%+0.0104%1h$86K—10xas long as short
KuCoin SPYUSDTM+0.072%+0.0100%8h$2.4M$1.2M20xas long as short
Coinbase International SPY-PERP-INTX+0.075%+0.0208%1h$959K$553K20xas long as short
Aster SPYUSDT+0.081%+0.0157%8h$860K$138K20xas long as short
ApeX Omni SPYUSDT+0.082%+0.0100%1h$154K$31K50xas long as short
Gate SPY_USDT+0.083%0.0000%8h$813K$1.2M75xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado SPY-PERP+0.102%−0.0011%1h$1.5M$360K20xas long as short
Deribit SPY_USDC-PERPETUAL+0.109%+0.0101%1h$18K$54K20xas long as short
Bybit SPYUSDT+0.113%0.0000%8h$6.2M$1.7M100xas long as short
edgeX SPYUSDC+0.115%+0.0246%4h$641K$235K20xas long as short
Lighter SPY+0.120%+0.0096%1h$10.8M$13.9M50xas long as short
Bitget SPYUSDT+0.121%+0.0242%8h$11.0M$2.6M50xas long as short
Binance SPYUSDTshort+0.124%+0.0156%8h$33.4M$57.7M50x
MEXC SPY_USDT+0.125%+0.0156%8h$19.9M$11.4M100xas long as short
Orderly PERP_SPY_USDC_mythos+0.127%+0.0100%8h$1K—20xas long as short
BloFin SPY-USDT+0.133%+0.0037%8h$444K$629K50xas long as short
RISEx SPY/USDC+0.141%+0.0079%1h$6.8M$5.4M25xas long as short
GMX SPY/USD [ETH-USDC]+0.146%L +0.0429% / S −0.3519%1h$20K—26xas long as short
OKX SPY-USDT-SWAP+0.157%+0.0103%8h$8.3M$2.5M50xas long as short
Lighter RH SPY+0.165%+0.0056%1h$57.4M$111.8M50xas long as short
HTX SPY-USDT+0.176%0.0000%8h$307K$23K50xas long as short
SunX SPY-USDT+0.295%0.0000%8h$2K$1.3M10xas long as short