SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Orderly against HTX−0.030%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.030% cheaper against HTX than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPY-USDT	774.49	0	get 0.0000% / 8h	6h 21m	$308K	$20K	50x
Short	Orderly PERP_SPY_USDC_mythos	774.26	0.0100	get 0.0100% / 8h	6h 21m	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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

Position, each leg$Hold fordaysFee HTXbpFee OrderlybpOrdersPrice spread, now −0.030%Rate

Funding earned: $21
Price spread: −0.030% → 0.000%: −$2.97
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.03
Costs to cover: 0.180%
Break-even: 7.0 days

Slippage unknown: HTX: live order book, 45 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 45 min ago	2.45 bp	8.5 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 26 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
Bybit SPYUSDT	0.0000%	8h	774.25	−0.031%	$6.3M	$2.0M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.20	−0.037%	$7.9M	$3.3M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.96	−0.068%	$780K	$2.3M	75x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.43	−0.008%	$10.9M	$2.1M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.37	−0.016%	$162K	$379K	10x	as long as short
SunX SPY-USDT	0.0000%	8h	775.52	+0.133%	$2K	$1.5M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	774.15	−0.044%	$23K	$55K	20x	as long as short
HTX SPY-USDTlong	0.0000%	8h	774.49	long leg	$308K	$20K	50x
Aster SPYUSDT	+0.0008%	8h	774.45	−0.005%	$863K	$204K	20x	as long as short
MEXC SPY_USDT	+0.0017%	8h	774.36	−0.017%	$20.3M	$12.0M	100x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SPYUSDT	+0.0017%	8h	774.37	−0.015%	$28.3M	$80.4M	50x	as long as short
Lighter SPY	+0.0032%	1h	774.31	−0.023%	$8.3M	$21.4M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.36	−0.146%	$935K	$1.4M	50x	as long as short
Phoenix SPY	+0.0041%	1h	773.67	−0.106%	$161K	$296K	20x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.27	−0.158%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.55	−0.121%	$4.8M	$841K	20x	as long as short
Lighter RH SPY	+0.0056%	1h	774.84	+0.045%	$57.0M	$113.9M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0088%	1h	773.74	−0.097%	$954K	$556K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.69	−0.103%	$2.5M	$939K	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	773.81	−0.088%	$159K	$23K	50x	as long as short
Orderly PERP_SPY_USDC_mythosshort	+0.0100%	8h	774.26	−0.030%	$1K	—	20x
Aevo SPY-PERP	+0.0104%	1h	773.79	−0.091%	$87K	—	10x	as long as short
Nado SPY-PERP	+0.0111%	1h	774.08	−0.053%	$1.5M	$288K	20x	as long as short
RISEx SPY/USDC	+0.0190%	1h	774.50	+0.001%	$7.0M	$5.2M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.39	−0.012%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0636%	4h	774.03	−0.060%	$640K	$241K	20x	as long as short