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 0.000%
Price spread now: HTX against SunX−0.059%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$254as in the Price arb table
costs, in and out, $10k−$2592.595% 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 4 days (all we have)−0.052%−$5 · spread now −0.059%, 7d avg −0.110%
Together, before fees−0.052%−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.051% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.110%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPY-USDT773.960get 0.0000% / 8h7h 42m$2K$1.3M10x
ShortHTX SPY-USDT773.500get 0.0000% / 8h7h 42m$300K$38K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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: −0.059% → −0.110%
$5.08
Slippage, 4 orders
−$239.46
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$254.38
Costs to cover
2.595%
Break-even
never at this rate
Slippage from SunX: live order book, 1 min ago; HTX: live order book, 55 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 SunX live order book, 1 min ago29.07 bp107.6 bp −$108doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 55 min ago2.45 bp14.6 bp −$1523.2 bp −$232doesn'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%8h772.79−0.151%$417K$440K50xas long as short
Phoenix SPY−0.0031%1h772.70−0.163%$158K$151K20xas long as short
Aster SPYUSDT0.0000%8h772.88−0.139%$863K$195K20xas long as short
Binance SPYUSDT0.0000%8h772.72−0.160%$28.6M$75.0M50xas long as short
Bybit SPYUSDT0.0000%8h772.62−0.173%$6.2M$1.5M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h772.79−0.151%$7.9M$3.1M50xas long as short
Gate SPY_USDT0.0000%8h772.58−0.178%$793K$2.5M75xas long as short
MEXC SPY_USDT0.0000%8h772.72−0.160%$29.6M$11.6M100xas long as short
Bitget SPYUSDT0.0000%8h772.85−0.143%$10.9M$1.5M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h773.48−0.061%$160K$340K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDTlong0.0000%8h773.96long leg$2K$1.3M10x
HTX SPY-USDTshort0.0000%8h773.50−0.059%$300K$38K50x
Lighter RH SPY+0.0032%1h772.87−0.141%$56.6M$117.8M50xas long as short
Arcus SPY-USD+0.0040%1h772.10−0.240%$920K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h771.56−0.310%$123K50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0048%1h772.48−0.191%$23K$54K20xas long as short
Ondo Perps SPY-USD.P+0.0050%1h772.16−0.233%$4.8M$849K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h773.80−0.021%$951K$508K20xas long as short
Nado SPY-PERP+0.0057%1h772.30−0.215%$1.5M$251K20xas long as short
KuCoin SPYUSDTM+0.0100%8h772.43−0.198%$2.5M$1.0M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h772.70−0.163%$164K$25K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h772.73−0.159%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h772.24−0.223%$87K10xas long as short
Lighter SPY+0.0128%1h772.73−0.159%$7.9M$17.1M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h772.73−0.160%$10K26xas long as short
RISEx SPY/USDC+0.0211%1h772.94−0.131%$7.1M$3.6M25xas long as short
edgeX SPYUSDC+0.0884%4h773.08−0.114%$639K$243K20xas long as short