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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.011%
Price spread now: Ondo Perps against HTX−0.151%7-day average −0.173% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.062%−$6 on $10k
Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.151%, 7d avg −0.173%
Together, before fees−0.083%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.022% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.173%. Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SPY-USDT774.760get 0.0000% / 8h7h 32m$308K$20K50x
ShortOndo Perps SPY-USD.P773.590.0050get 0.0006% / 1h32m 25s$4.8M$847K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$10.58
Price spread: −0.151% → −0.173%
$2.22
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$4.19
Costs to cover
0.170%
Break-even
9.8 days
Slippage unknown: HTX: live order book, 40 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 40 min ago2.45 bp8.5 bp −$812.5 bp −$125doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0103%8h774.57−0.025%$413K$571K50xas long as short
Arcus SPY-USD−0.0016%1h773.69−0.138%$938K$1.4M50xas long as short
Bybit SPYUSDT0.0000%8h774.63−0.017%$6.3M$2.0M100xas long as short
Gate SPY_USDT0.0000%8h774.16−0.077%$776K$2.3M75xas long as short
SunX SPY-USDT0.0000%8h775.68+0.119%$2K$1.5M10xas long as short
HTX SPY-USDTlong0.0000%8h774.76long leg$308K$20K50x
Aster SPYUSDT+0.0002%8h774.46−0.038%$863K$204K20xas long as short
OKX SPY-USDT-SWAP+0.0005%8h774.61−0.019%$7.9M$3.3M50xas long as short
MEXC SPY_USDT+0.0017%8h774.58−0.023%$29.3M$11.6M100xas long as short
Binance SPYUSDT+0.0018%8h774.58−0.023%$28.5M$81.2M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter SPY+0.0032%1h774.30−0.059%$8.2M$21.6M50xas long as short
Lighter RH SPY+0.0032%1h774.74−0.003%$57.3M$113.7M50xas long as short
Bitget SPYUSDT+0.0032%8h774.60−0.021%$11.0M$2.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.27−0.192%$123K50xas long as short
Ondo Perps SPY-USD.Pshort+0.0050%1h773.59−0.151%$4.8M$847K20x
GRVT SPY_USDT_Perp+0.0058%8h774.68−0.010%$168K$398K10xas long as short
Phoenix SPY+0.0062%1h773.85−0.117%$161K$296K20xas long as short
Coinbase International SPY-PERP-INTX+0.0064%1h774.00−0.098%$954K$554K20xas long as short
Deribit SPY_USDC-PERPETUAL+0.0073%1h774.22−0.070%$23K$55K20xas long as short
KuCoin SPYUSDTM+0.0100%8h773.93−0.107%$2.5M$949K20xas long as short
ApeX Omni SPYUSDT+0.0100%1h773.96−0.103%$159K$23K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.56−0.026%$1K20xas long as short
Nado SPY-PERP+0.0101%1h774.10−0.085%$1.5M$282K20xas long as short
Aevo SPY-PERP+0.0104%1h774.02−0.096%$87K10xas long as short
GMX SPY/USD [ETH-USDC]L +0.0208% / S −0.0429%1h774.59−0.023%$10K26xas long as short
RISEx SPY/USDC+0.0320%1h774.74−0.002%$6.9M$5.2M25xas long as short
edgeX SPYUSDC+0.0384%4h774.49−0.034%$640K$242K20xas long as short