Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: HTX against ApeX Omni+0.120%76s7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.540% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.120%, 7d avg +0.059%
=The price spread pays, funding is against you. HTX is 0.062% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of +0.059%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.89 | 0.0100 | pay 0.0013% / 1h | 0m 07s | $159K | $23K | 50x |
| Short | HTX SPY-USDT | 774.82 | 0 | get 0.0000% / 8h | 7h 00m | $308K | $20K | 50x |
ApeX Omni SPYUSDT
HTX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against ApeX Omni. 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
- −$21
- Price spread: +0.120% → +0.059%
- $6.15
- Slippage, 4 orders
- −$31.96
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$68.81
- Costs to cover
- 0.540%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 6 min ago; HTX: live order book, 7 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 ApeX Omni live order book, 6 min ago | 1.16 bp | 13.8 bp −$14 | 81.6 bp −$816 | doesn't fit | doesn't fit |
| Sell HTX live order book, 7 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 | −0.0095% | 8h | 774.47 | +0.075% | $415K | $571K | 50x | as long as short |
| Arcus SPY-USD | −0.0016% | 1h | 773.68 | −0.027% | $937K | $1.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.58 | +0.089% | $6.3M | $2.0M | 100x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.01 | +0.016% | $780K | $2.3M | 75x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.60 | +0.092% | $11.0M | $2.2M | 50x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.61 | +0.222% | $1K | $1.5M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.04 | +0.019% | $23K | $55K | 20x | as long as short |
| HTX SPY-USDTshort | 0.0000% | 8h | 774.82 | +0.120% | $308K | $20K | 50x | |
| OKX SPY-USDT-SWAP | +0.0014% | 8h | 774.46 | +0.074% | $7.9M | $3.3M | 50x | as long as short |
| Aster SPYUSDT | +0.0017% | 8h | 774.59 | +0.090% | $863K | $204K | 20x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Bybit SPYUSDT
Gate SPY_USDT
Bitget SPYUSDT
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
OKX SPY-USDT-SWAP
Aster SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | +0.0024% | 8h | 774.41 | +0.067% | $19.0M | $12.0M | 100x | as long as short |
| Binance SPYUSDT | +0.0025% | 8h | 774.43 | +0.070% | $28.5M | $81.5M | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 774.25 | +0.047% | $8.3M | $21.8M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.63 | +0.096% | $57.6M | $115.6M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.19 | −0.090% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.51 | −0.049% | $4.8M | $846K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0060% | 8h | 774.53 | +0.082% | $160K | $395K | 10x | as long as short |
| Phoenix SPY | +0.0062% | 1h | 773.85 | −0.005% | $161K | $296K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 774.00 | +0.014% | $954K | $554K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.83 | −0.008% | $2.5M | $952K | 20x | as long as short |
| ApeX Omni SPYUSDTlong | +0.0100% | 1h | 773.89 | long leg | $159K | $23K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.41 | +0.067% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.84 | −0.006% | $87K | — | 10x | as long as short |
| Nado SPY-PERP | +0.0116% | 1h | 774.04 | +0.019% | $1.5M | $285K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.43 | +0.070% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0259% | 4h | 774.34 | +0.058% | $640K | $242K | 20x | as long as short |
| RISEx SPY/USDC | +0.0320% | 1h | 774.60 | +0.092% | $6.9M | $5.2M | 25x | as long as short |
MEXC SPY_USDT
Binance 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
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Nado SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC
RISEx SPY/USDC