Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.043%
Price spread now: HTX against MEXC+0.054%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 3 days (all we have)+0.005%$0 · spread now +0.054%, 7d avg +0.032%
=The price spread pays, funding is against you. HTX is 0.022% dearer against MEXC than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.032%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 7 days (−0.092% in total) that is about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SPY_USDT | 774.55 | 0.0019 | pay 0.0019% / 8h | 7h 25m | $29.9M | $11.7M | 100x |
| Short | HTX SPY-USDT | 774.97 | 0 | get 0.0000% / 8h | 7h 25m | $308K | $20K | 50x |
MEXC SPY_USDT
HTX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.99
- Price spread: +0.054% → +0.032%
- $2.18
- Slippage, 4 orders
- −$9.16
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$22.97
- Costs to cover
- 0.212%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; HTX: live order book, 47 min ago.
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 MEXC live order book, 4 min ago | 0.06 bp | 0.1 bp $0 | 0.1 bp −$1 | 0.2 bp −$23 | 1.5 bp −$752 |
| Sell HTX live order book, 47 min ago | 2.45 bp | 12.6 bp −$13 | 14.4 bp −$144 | doesn't fit | doesn't fit |
SPY on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0101% | 8h | 774.57 | +0.003% | $413K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.70 | −0.110% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.68 | +0.017% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.13 | −0.054% | $780K | $2.3M | 75x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.66 | +0.143% | $1K | $1.5M | 10x | as long as short |
| HTX SPY-USDTshort | 0.0000% | 8h | 774.97 | +0.054% | $308K | $20K | 50x | |
| OKX SPY-USDT-SWAP | +0.0006% | 8h | 774.63 | +0.010% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0007% | 8h | 774.51 | −0.006% | $863K | $204K | 20x | as long as short |
| MEXC SPY_USDTlong | +0.0019% | 8h | 774.55 | long leg | $29.9M | $11.7M | 100x | |
| Binance SPYUSDT | +0.0019% | 8h | 774.56 | +0.001% | $28.5M | $81.2M | 50x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
SunX SPY-USDT
OKX SPY-USDT-SWAP
Aster SPYUSDT
Binance SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | +0.0023% | 8h | 774.76 | +0.027% | $11.0M | $2.3M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.30 | −0.032% | $8.2M | $21.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.73 | +0.023% | $57.3M | $114.0M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.29 | −0.163% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.42 | −0.146% | $4.8M | $847K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0055% | 8h | 774.71 | +0.020% | $168K | $398K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 774.10 | −0.058% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | −0.071% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.92 | −0.081% | $2.5M | $950K | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.61 | −0.121% | $159K | $23K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.55 | 0.000% | $1K | — | 20x | as long as short |
| Nado SPY-PERP | +0.0102% | 1h | 774.09 | −0.059% | $1.5M | $282K | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.99 | −0.072% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.55 | +0.001% | $10K | — | 26x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0254% | 1h | 774.42 | −0.017% | $23K | $55K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.71 | +0.020% | $6.9M | $5.2M | 25x | as long as short |
| edgeX SPYUSDC | +0.0789% | 4h | 774.59 | +0.006% | $640K | $240K | 20x | as long as short |
Bitget SPYUSDT
Lighter SPY
Lighter RH SPY
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Phoenix SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Nado SPY-PERP
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
edgeX SPYUSDC