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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%
Price spread now: Binance against HTX−0.044%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$330.332% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.165%−$16 on $10k
Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.044%, 7d avg −0.033%
Together, before fees−0.150%−$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SPY-USDT773.570get 0.0000% / 8h7h 52m$300K$38K50x
ShortBinance SPYUSDT773.230get 0.0000% / 8h7h 52m$28.5M$74.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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: −0.044% → −0.033%
−$1.1
Slippage, 4 orders
−$11.23
Fee HTX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$34.32
Costs to cover
0.332%
Break-even
never at this rate
Slippage from HTX: live order book, 45 min ago; Binance: live order book, 5 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 HTX live order book, 45 min ago2.45 bp8.5 bp −$818.6 bp −$186doesn't fitdoesn't fit
Sell Binance live order book, 5 min ago0.06 bp5.1 bp −$55.2 bp −$5210.0 bp −$1,00126.1 bp −$13.1K

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
BloFin SPY-USDT−0.0120%8h773.31−0.034%$418K$440K50xas long as short
Phoenix SPY−0.0031%1h772.70−0.112%$158K$151K20xas long as short
Aster SPYUSDT0.0000%8h773.34−0.030%$864K$196K20xas long as short
Binance SPYUSDTshort0.0000%8h773.23−0.044%$28.5M$74.9M50x
Bybit SPYUSDT0.0000%8h773.19−0.049%$6.2M$1.5M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h773.15−0.054%$7.9M$3.1M50xas long as short
Gate SPY_USDT0.0000%8h773.02−0.071%$793K$2.4M75xas long as short
MEXC SPY_USDT0.0000%8h773.28−0.037%$29.7M$11.6M100xas long as short
Bitget SPYUSDT0.0000%8h773.39−0.023%$10.9M$1.5M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h773.61+0.005%$160K$350K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDT0.0000%8h774.40+0.107%$2K$1.3M10xas long as short
HTX SPY-USDTlong0.0000%8h773.57long leg$300K$38K50x
Nado SPY-PERP+0.0022%1h772.80−0.100%$1.5M$250K20xas long as short
Lighter RH SPY+0.0032%1h773.38−0.025%$56.7M$116.9M50xas long as short
Arcus SPY-USD+0.0040%1h772.55−0.132%$920K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h772.11−0.189%$123K50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0048%1h772.97−0.078%$23K$54K20xas long as short
Ondo Perps SPY-USD.P+0.0050%1h772.63−0.122%$4.8M$851K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h773.80+0.030%$951K$508K20xas long as short
KuCoin SPYUSDTM+0.0100%8h772.80−0.100%$2.5M$999K20xas long as short
ApeX Omni SPYUSDT+0.0100%1h772.89−0.088%$164K$25K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h773.27−0.039%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h772.73−0.108%$87K10xas long as short
Lighter SPY+0.0112%1h773.20−0.048%$7.9M$17.1M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h773.36−0.028%$10K26xas long as short
RISEx SPY/USDC+0.0211%1h773.50−0.009%$7.1M$3.8M25xas long as short
edgeX SPYUSDC+0.0370%4h773.27−0.039%$639K$242K20xas long as short