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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.044%
Price spread now: GRVT against HTX−0.029%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$340.340% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.121%+$12 on $10k
Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.029%, 7d avg −0.011%
Together, before fees+0.100%+ Points / potential airdropGRVT: Active · farm board+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SPY-USDT774.470get 0.0000% / 8h2h 53m$308K$20K50x
ShortGRVT SPY_USDT_Perp774.250get 0.0000% / 8h2h 53m$158K$360K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: −0.029% → −0.011%
−$1.74
Slippage, 4 orders
−$13.04
Fee HTX: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$35.78
Costs to cover
0.340%
Break-even
never at this rate
Slippage from HTX: live order book, 59 min ago; GRVT: live order book, 59 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, 59 min ago2.45 bp8.5 bp −$812.5 bp −$125doesn't fitdoesn't fit
Sell GRVT live order book, 59 min ago1.87 bp6.6 bp −$77.3 bp −$73102.8 bp −$10.3Kdoesn't fit

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%8h774.18−0.037%$417K$471K50xas long as short
Phoenix SPY−0.0103%1h773.60−0.112%$161K$295K20xas long as short
Nado SPY-PERP−0.0022%1h773.85−0.080%$1.6M$272K20xas long as short
Aster SPYUSDT0.0000%8h774.07−0.052%$864K$194K20xas long as short
Binance SPYUSDT0.0000%8h774.18−0.037%$28.2M$79.8M50xas long as short
Bybit SPYUSDT0.0000%8h774.06−0.053%$6.3M$1.9M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.01−0.059%$7.9M$3.3M50xas long as short
Gate SPY_USDT0.0000%8h773.69−0.101%$775K$2.4M75xas long as short
MEXC SPY_USDT0.0000%8h774.16−0.040%$29.7M$12.5M100xas long as short
Bitget SPYUSDT0.0000%8h774.28−0.025%$10.9M$1.8M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT SPY_USDT_Perpshort0.0000%8h774.25−0.029%$158K$360K10x
SunX SPY-USDT0.0000%8h775.35+0.114%$2K$1.4M10xas long as short
Deribit SPY_USDC-PERPETUAL0.0000%1h773.91−0.072%$23K$56K20xas long as short
HTX SPY-USDTlong0.0000%8h774.47long leg$308K$20K50x
RISEx SPY/USDC+0.0007%1h774.36−0.014%$7.0M$4.9M25xas long as short
Ondo Perps SPY-USD.P+0.0037%1h773.12−0.174%$4.7M$831K20xas long as short
Arcus SPY-USD+0.0040%1h773.46−0.130%$928K$1.4M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.07−0.181%$123K50xas long as short
Coinbase International SPY-PERP-INTX+0.0048%1h773.90−0.074%$951K$558K20xas long as short
ApeX Omni SPYUSDT+0.0054%1h773.17−0.168%$164K$25K50xas long as short
Lighter RH SPY+0.0072%1h774.53+0.008%$56.2M$115.9M50xas long as short
KuCoin SPYUSDTM+0.0100%8h773.50−0.125%$2.5M$964K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.15−0.041%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.61−0.111%$87K10xas long as short
Lighter SPY+0.0176%1h774.31−0.021%$8.1M$19.2M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.17−0.038%$10K26xas long as short
edgeX SPYUSDC+0.0973%4h774.06−0.054%$640K$241K20xas long as short