SPY (SPY) price, where to buy & arbitrage

SPY 14 exchanges

spy (SPY) trades on 14 exchanges that Finder tracks live, across 14 perpetual markets. spy arbitrage means buying SPY where it is priced lower and selling where it is higher, capturing the gap before it closes. The deepest liquidity is on Binance ($28,698,664 of $60,763,613 total 24h volume). Finder compares every SPY quote in real time to surface the best cross-exchange arbitrage spread, with live deposit and withdrawal status on each rail. Closed transfer rails are flagged before you act, so a wide spread on a stuck route is never shown as live.

Data refreshed 2026-06-29
View on dashboard
Live · 14 exchanges Real-time ↗
$736.7746
+0.70%24h
Cross-exchange $8.56 · 1.17%
Most liquid Binance futures · $28.7M/24h

SPY price · last 7d

-1.08%
low 728.095 Binance · 7d high 745.425

Pre-IPO & tokenized-equity trading

Equity

spy (SPY) trades as a pre-IPO / tokenized-equity perpetual across 14 exchanges. It lets traders take a position on spy before any public listing, the price set by perpetual-futures demand rather than a spot market, so it can diverge between exchanges.

Where SPY trades

14 markets
Exchange
Market
Funding
Bid
Ask
24h Vol
Vol%
NetworkD/WFee
Binance
futures
+0.0064%
$737.27
$737.28
$28.7M
47.2%
❔
Lbank
futures
+0.0065%
$737.02
$737.03
$13.9M
23.0%
❔
Ourbit
futures
+0.0064%
$737.22
$737.24
$5.3M
8.7%
❔
Weex
futures
·
$737.26
$737.28
$3.0M
4.9%
❔
Bitget
futures
+0.0523%
$738.53
$738.54
$2.8M
4.5%
❔
Lighter
futures
+0.0004%
$736.93
$737.16
$2.3M
3.7%
❔
Bingx
futures
+0.0053%
$737.23
$737.33
$1.7M
2.8%
❔
Okx
futures
+0.0000%
$737.76
$737.77
$1.7M
2.7%
❔
Kucoin
futures
+0.0100%
$736.92
$737.86
$463k
0.8%
❔
Xt
futures
+0.0102%
$736.92
$737.07
$414k
0.7%
❔
Bybit
futures
+0.0000%
$737.47
$737.6
$386k
0.6%
❔
Asterdex
futures
+0.0000%
$737.21
$737.37
$130k
0.2%
❔
Htx
futures
+0.0100%
$734.63
$737.84
$26k
<0.1%
❔
Hyperliquid
spot
—
$726.35
$733.6
$0
<0.1%
❔

About spy spreads

Q.01 Where can I buy SPY? +
SPY is listed on 14 exchanges: Asterdex, Binance, Bingx, Bitget, Bybit, Htx, Hyperliquid, Kucoin, …. The highest-volume market is Binance ($28,698,664 24h). Current lowest price: $729.975 on Hyperliquid (perp-DEX).
Q.02 Where is SPY cheapest to buy right now? +
The lowest live SPY price across the exchanges we track is $729.975 on Hyperliquid (perp-dex). Prices move every second, so the cheapest exchange can change. The live table above is the source of truth.
Q.03 Does SPY trade on spot or futures? +
SPY is available across 14 perpetual markets. Both spot-versus-perp and cross-exchange spreads are surfaced on the dashboard.
Q.04 How do I arbitrage SPY between exchanges? +
Buy SPY on the cheaper exchange and sell on the dearer one, then settle the difference. You either transfer the coin (only when the deposit and withdrawal rail is open) or hold offsetting spot and perpetual legs. The main risks are transfer windows, fees and execution speed, all of which Finder surfaces per spread so you act only on routes that are actually open.
Q.05 How often are SPY prices and arbitrage data updated? +
Orderbook prices come from exchange WebSockets with per-symbol updates within seconds. Deposit/withdrawal status refreshes every few minutes. Arbitrage spreads are computed continuously from the same stream.

How to arbitrage SPY

Cross-exchange arbitrage
Compare spot prices across exchanges, move the coin on an open rail, capture the gap.
Spot-futures basis
Trade the basis between spot and the perpetual on the same asset.
%
Funding-rate arbitrage
Earn the funding-rate spread delta-neutral across perpetual venues.
Full arbitrage guide
The complete playbook: routes, fees, transfer rails, risks and execution.

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1.003 1.000 0.997 0.880

normal: inside the band depeg event

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