Spread before costs (cost unknown: a leg has no order-book sample)+0.019%
7d average—if it closes, per $10,000$2funding while held, a day−$13.49
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPY-USD-PERP | 773.59 | 0.0046 | pay 0.0006% / 1h | 17m 29s | — | $100K | 50x |
| Short | Phoenix SPY | 773.74 | −0.0404 | pay 0.0050% / 1h | 17m 29s | $161K | $295K | 20x |
Vest SPY-USD-PERP
Phoenix SPYPrice 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
- $1.94
- Funding while held
- −$13.49
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$20.55
- Spread needed to break even
- 0.090%
Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 47 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0450%
- Per $10,000 a day
- −$13.49
- 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 Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 47 min ago | 0.13 bp | 8.5 bp −$9 | 14.9 bp −$149 | doesn't fit | doesn't fit |
Vest: 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.Ondo Perps773.19cheapest
Ondo PerpsVest773.59+0.052%
KuCoin773.66+0.061%
KuCoinPhoenix773.74+0.071%
Arcus773.75+0.072%Aevo773.75+0.073%Gate773.88+0.089%Coinbase International773.89+0.091%Nado773.95+0.098%BloFin773.95+0.098%ApeX Omni774.00+0.105%edgeX774.15+0.124%Aster774.15+0.124%OKX774.20+0.131%Deribit774.21+0.132%Bybit774.22+0.133%Bitget774.26+0.138%Binance774.27+0.140%MEXC774.27+0.140%GMX774.29+0.143%RISEx774.32+0.146%Orderly774.32+0.146%Lighter774.37+0.153%HTX774.38+0.154%Lighter RH774.80+0.208%SunX775.32+0.275%
Arcus
Aevo
Gate
Coinbase International
Nado
BloFin
ApeX Omni
Aster
OKX
Deribit
Bybit
Bitget
Binance
MEXC
GMX
RISEx
Orderly
Lighter
HTX
Lighter RH
SunXSPY on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps SPY-USD.P | −0.052% | −0.0166% | 1h | $4.7M | $778K | 20x | as long as short |
| Vest SPY-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $100K | 50x | |
| KuCoin SPYUSDTM | +0.009% | +0.0100% | 8h | $2.5M | $1.1M | 20x | as long as short |
| Phoenix SPYshort | +0.019% | −0.0404% | 1h | $161K | $295K | 20x | |
| Arcus SPY-USD | +0.021% | +0.0040% | 1h | $950K | $1.3M | 50x | as long as short |
| Aevo SPY-PERP | +0.021% | +0.0104% | 1h | $87K | — | 10x | as long as short |
| Gate SPY_USDT | +0.037% | 0.0000% | 8h | $739K | $2.0M | 75x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.039% | +0.0104% | 1h | $934K | $614K | 20x | as long as short |
| Nado SPY-PERP | +0.046% | −0.0025% | 1h | $1.6M | $270K | 20x | as long as short |
| BloFin SPY-USDT | +0.047% | −0.0120% | 8h | $430K | $716K | 50x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | +0.053% | +0.0100% | 1h | $154K | $32K | 50x | as long as short |
| edgeX SPYUSDC | +0.072% | +0.0978% | 4h | $640K | $240K | 20x | as long as short |
| Aster SPYUSDT | +0.072% | 0.0000% | 8h | $864K | $274K | 20x | as long as short |
| OKX SPY-USDT-SWAP | +0.079% | 0.0000% | 8h | $8.1M | $3.3M | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.080% | +0.0021% | 1h | $22K | $74K | 20x | as long as short |
| Bybit SPYUSDT | +0.081% | 0.0000% | 8h | $6.2M | $2.2M | 100x | as long as short |
| Bitget SPYUSDT | +0.087% | +0.0089% | 8h | $10.9M | $3.1M | 50x | as long as short |
| Binance SPYUSDT | +0.088% | 0.0000% | 8h | $29.0M | $82.9M | 50x | as long as short |
| MEXC SPY_USDT | +0.088% | 0.0000% | 8h | $18.9M | $11.6M | 100x | as long as short |
| GMX SPY/USD [ETH-USDC] | +0.091% | L +0.0327% / S −0.2140% | 1h | $24K | — | 53x | as long as short |
| RISEx SPY/USDC | +0.094% | 0.0000% | 1h | $7.0M | $5.7M | 25x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.094% | +0.0100% | 8h | $1K | — | 20x | as long as short |
| Lighter SPY | +0.101% | +0.0032% | 1h | $9.0M | $21.3M | 50x | as long as short |
| HTX SPY-USDT | +0.102% | 0.0000% | 8h | $308K | $23K | 50x | as long as short |
| Lighter RH SPY | +0.156% | +0.0032% | 1h | $57.1M | $124.0M | 50x | as long as short |
| SunX SPY-USDT | +0.224% | 0.0000% | 8h | $2K | $1.6M | 10x | as long as short |