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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against HTX+0.118%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$257as in the Price arb table
costs, in and out, $10k−$2572.574% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.118%, 7d avg +0.110%
Together, before fees−0.022%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SPY-USDT774.260get 0.0000% / 8h1h 15m$308K$20K50x
ShortSunX SPY-USDT775.170get 0.0000% / 8h1h 15m$2K$1.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.118% → +0.110%
$0.76
Slippage, 4 orders
−$237.39
Fee HTX: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$256.63
Costs to cover
2.574%
Break-even
never at this rate
Slippage from HTX: live order book, 1 min ago; SunX: live order book, 9 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, 1 min ago2.00 bp8.0 bp −$812.1 bp −$121doesn't fitdoesn't fit
Sell SunX live order book, 9 min ago29.08 bp128.8 bp −$129doesn't fitdoesn't fitdoesn'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%8h774.11−0.019%$412K$726K50xas long as short
Arcus SPY-USD−0.0112%1h773.16−0.142%$944K$1.4M50xas long as short
Phoenix SPY−0.0041%1h773.68−0.075%$161K$296K20xas long as short
Aster SPYUSDT0.0000%8h774.09−0.022%$862K$203K20xas long as short
Binance SPYUSDT0.0000%8h774.10−0.021%$28.2M$83.3M50xas long as short
Bybit SPYUSDT0.0000%8h774.23−0.004%$6.2M$2.1M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.12−0.018%$7.9M$3.4M50xas long as short
Gate SPY_USDT0.0000%8h773.64−0.080%$746K$2.2M75xas long as short
MEXC SPY_USDT0.0000%8h774.10−0.021%$26.7M$12.4M100xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.24−0.002%$157K$419K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDTshort0.0000%8h775.17+0.118%$2K$1.5M10x
HTX SPY-USDTlong0.0000%8h774.26long leg$308K$20K50x
Bitget SPYUSDT+0.0019%8h774.24−0.003%$11.0M$2.7M50xas long as short
Lighter SPY+0.0032%1h774.03−0.030%$8.6M$22.4M50xas long as short
Lighter RH SPY+0.0032%1h774.38+0.015%$56.7M$121.8M50xas long as short
Nado SPY-PERP+0.0042%1h773.76−0.065%$1.5M$306K20xas long as short
Vest SPY-USD-PERP+0.0046%1h773.00−0.163%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.37−0.115%$4.8M$916K20xas long as short
Coinbase International SPY-PERP-INTX+0.0064%1h773.56−0.090%$955K$633K20xas long as short
KuCoin SPYUSDTM+0.0100%8h773.64−0.080%$2.5M$983K20xas long as short
ApeX Omni SPYUSDT+0.0100%1h773.89−0.048%$154K$20K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.14−0.015%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.61−0.084%$87K10xas long as short
RISEx SPY/USDC+0.0204%1h774.30+0.006%$6.9M$5.3M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0208% / S −0.0429%1h774.11−0.020%$10K26xas long as short
Deribit SPY_USDC-PERPETUAL+0.0241%1h774.07−0.025%$23K$75K20xas long as short
edgeX SPYUSDC+0.0818%4h774.13−0.017%$640K$241K20xas long as short