data as of
Settings8H · net · $10k
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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−$21
spread now+0.083%7d average−0.004%fees + slippage, in and out−$30spread needed0.301%
Long on PhoenixShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix SPY771.95−0.0290get 0.0036% / 1h46m 21s$160K$266K20x
ShortCoinbase International SPY-PERP-INTX772.590.0136get 0.0017% / 1h46m 21s$938K$597K20x

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
$8.29
Funding while held
$12.79
Slippage, 4 orders
−$13.1
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$9.02
Spread needed to break even
0.301%
Slippage from Phoenix: live order book, 23 min ago; Coinbase International: live order book, 64 min ago.

Cost of waiting

funding view
Funding /8h
+0.0426%
Per $10,000 a day
+$12.79
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, 23 min ago0.13 bp8.5 bp −$914.9 bp −$149doesn't fitdoesn't fit
Sell Coinbase International live order book, 64 min ago0.06 bp5.3 bp −$56.9 bp −$6937.6 bp −$3,765doesn't fit

SPY price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix771.95cheapest
Ondo Perps772.21+0.034%Arcus772.33+0.049%Vest772.39+0.057%KuCoin772.40+0.058%ApeX Omni772.52+0.074%Aevo772.54+0.076%
Coinbase International772.59+0.083%
edgeX772.66+0.091%Nado772.72+0.099%BloFin772.73+0.101%Bybit772.79+0.109%Gate772.81+0.111%Aster772.85+0.117%MEXC772.92+0.126%OKX772.93+0.127%Binance772.94+0.128%RISEx772.96+0.131%HTX772.96+0.131%GMX772.98+0.133%Deribit772.99+0.135%Lighter773.02+0.139%Bitget773.02+0.139%Orderly773.03+0.140%Lighter RH773.51+0.202%SunX774.08+0.276%

SPY on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix SPYlong0.000%−0.0290%1h$160K$266K20x
Ondo Perps SPY-USD.P+0.034%+0.0050%1h$4.7M$537K20xas long as short
Arcus SPY-USD+0.049%+0.0040%1h$950K$1.1M50xas long as short
Vest SPY-USD-PERP+0.057%+0.0046%1h—$84K50xas long as short
KuCoin SPYUSDTM+0.058%+0.0100%8h$2.5M$1.1M20xas long as short
ApeX Omni SPYUSDT+0.074%+0.0100%1h$155K$31K50xas long as short
Aevo SPY-PERP+0.076%+0.0104%1h$87K—10xas long as short
Coinbase International SPY-PERP-INTXshort+0.083%+0.0136%1h$938K$597K20x
edgeX SPYUSDC+0.091%+0.0125%4h$638K$241K20xas long as short
Nado SPY-PERP+0.099%+0.0049%1h$1.6M$364K20xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin SPY-USDT+0.101%−0.0027%8h$432K$695K50xas long as short
Bybit SPYUSDT+0.109%0.0000%8h$6.3M$2.0M100xas long as short
Gate SPY_USDT+0.111%0.0000%8h$737K$1.9M75xas long as short
Aster SPYUSDT+0.117%+0.0099%8h$859K$221K20xas long as short
MEXC SPY_USDT+0.126%+0.0092%8h$19.8M$9.7M100xas long as short
OKX SPY-USDT-SWAP+0.127%+0.0066%8h$8.1M$3.1M50xas long as short
Binance SPYUSDT+0.128%+0.0092%8h$30.4M$74.5M50xas long as short
RISEx SPY/USDC+0.131%+0.0126%1h$6.9M$5.6M25xas long as short
HTX SPY-USDT+0.131%0.0000%8h$308K$23K50xas long as short
GMX SPY/USD [ETH-USDC]+0.133%L +0.0415% / S −0.3519%1h$24K—53xas long as short
Deribit SPY_USDC-PERPETUAL+0.135%0.0000%1h$22K$73K20xas long as short
Lighter SPY+0.139%+0.0032%1h$9.1M$21.0M50xas long as short
Bitget SPYUSDT+0.139%+0.0176%8h$10.9M$3.0M50xas long as short
Orderly PERP_SPY_USDC_mythos+0.140%+0.0100%8h$1K—20xas long as short
Lighter RH SPY+0.202%+0.0032%1h$56.7M$121.3M50xas long as short
SunX SPY-USDT+0.276%0.0000%8h$2K$1.5M10xas long as short