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
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%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SPY-USDT | 773.57 | 0 | get 0.0000% / 8h | 7h 52m | $300K | $38K | 50x |
| Short | Binance SPYUSDT | 773.23 | 0 | get 0.0000% / 8h | 7h 52m | $28.5M | $74.9M | 50x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX live order book, 45 min ago | 2.45 bp | 8.5 bp −$8 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.06 bp | 5.1 bp −$5 | 5.2 bp −$52 | 10.0 bp −$1,001 | 26.1 bp −$13.1K |
SPY on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0120% | 8h | 773.31 | −0.034% | $418K | $440K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.70 | −0.112% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.34 | −0.030% | $864K | $196K | 20x | as long as short |
| Binance SPYUSDTshort | 0.0000% | 8h | 773.23 | −0.044% | $28.5M | $74.9M | 50x | |
| Bybit SPYUSDT | 0.0000% | 8h | 773.19 | −0.049% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.15 | −0.054% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.02 | −0.071% | $793K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.28 | −0.037% | $29.7M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.39 | −0.023% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.61 | +0.005% | $160K | $350K | 10x | as long as short |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 774.40 | +0.107% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDTlong | 0.0000% | 8h | 773.57 | long leg | $300K | $38K | 50x | |
| Nado SPY-PERP | +0.0022% | 1h | 772.80 | −0.100% | $1.5M | $250K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.38 | −0.025% | $56.7M | $116.9M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.55 | −0.132% | $920K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.11 | −0.189% | — | $123K | 50x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0048% | 1h | 772.97 | −0.078% | $23K | $54K | 20x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.63 | −0.122% | $4.8M | $851K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.80 | +0.030% | $951K | $508K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.80 | −0.100% | $2.5M | $999K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.89 | −0.088% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.27 | −0.039% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.73 | −0.108% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 773.20 | −0.048% | $7.9M | $17.1M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.36 | −0.028% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.50 | −0.009% | $7.1M | $3.8M | 25x | as long as short |
| edgeX SPYUSDC | +0.0370% | 4h | 773.27 | −0.039% | $639K | $242K | 20x | as long as short |
HTX SPY-USDT
Binance SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Lighter RH SPY
Deribit SPY_USDC-PERPETUAL
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Lighter SPY
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC
edgeX SPYUSDC