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 +0.009%
Price spread now: OKX against HTX−0.048%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$350.348% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.048%, 7d avg −0.047%
Together, before fees−0.093%−$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SPY-USDT772.880get 0.0000% / 8h7h 33m$299K$38K50x
ShortOKX SPY-USDT-SWAP772.510get 0.0000% / 8h7h 33m$7.8M$3.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.048% → −0.047%
−$0.05
Slippage, 4 orders
−$12.84
Fee HTX: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$34.89
Costs to cover
0.348%
Break-even
never at this rate
Slippage from HTX: live order book, 64 min ago; OKX: 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, 64 min ago2.45 bp8.5 bp −$818.6 bp −$186doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago0.06 bp6.7 bp −$78.8 bp −$8818.4 bp −$1,843doesn'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%8h772.64−0.031%$416K$439K50xas long as short
Phoenix SPY−0.0031%1h771.89−0.128%$158K$151K20xas long as short
Aster SPYUSDT0.0000%8h772.47−0.053%$863K$196K20xas long as short
Binance SPYUSDT0.0000%8h772.48−0.052%$28.6M$75.4M50xas long as short
Bybit SPYUSDT0.0000%8h772.48−0.052%$6.2M$1.5M100xas long as short
OKX SPY-USDT-SWAPshort0.0000%8h772.51−0.048%$7.8M$3.1M50x
Gate SPY_USDT0.0000%8h772.26−0.080%$793K$2.5M75xas long as short
MEXC SPY_USDT0.0000%8h772.43−0.058%$29.6M$11.6M100xas long as short
Bitget SPYUSDT0.0000%8h772.66−0.028%$10.9M$1.5M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h772.84−0.006%$159K$330K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDT0.0000%8h773.74+0.111%$2K$1.3M10xas long as short
HTX SPY-USDTlong0.0000%8h772.88long leg$299K$38K50x
Lighter RH SPY+0.0032%1h772.67−0.027%$56.7M$118.5M50xas long as short
Arcus SPY-USD+0.0040%1h771.76−0.145%$922K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h771.34−0.199%$123K50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0048%1h772.47−0.053%$23K$55K20xas long as short
Ondo Perps SPY-USD.P+0.0050%1h771.77−0.144%$4.8M$849K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h772.12−0.098%$950K$507K20xas long as short
Nado SPY-PERP+0.0076%1h772.00−0.114%$1.5M$250K20xas long as short
KuCoin SPYUSDTM+0.0100%8h772.04−0.109%$2.5M$1.0M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h772.19−0.089%$164K$25K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h772.55−0.043%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h772.07−0.105%$87K10xas long as short
Lighter SPY+0.0112%1h772.50−0.049%$7.9M$17.1M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h772.62−0.034%$10K26xas long as short
RISEx SPY/USDC+0.0211%1h772.54−0.043%$7.2M$3.5M25xas long as short
edgeX SPYUSDC+0.0442%4h772.51−0.048%$638K$242K20xas long as short