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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.043%
Price spread now: HTX against Binance+0.036%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$320.320% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.160%+$16 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.036%, 7d avg +0.033%
Together, before fees+0.150%+$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SPYUSDT774.230get 0.0000% / 8h4h 07m$28.2M$79.8M50x
ShortHTX SPY-USDT774.510get 0.0000% / 8h4h 07m$308K$20K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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: +0.036% → +0.033%
$0.3
Slippage, 4 orders
−$9.97
Fee Binance: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$31.68
Costs to cover
0.320%
Break-even
never at this rate
Slippage from Binance: live order book, 5 min ago; HTX: live order book, 50 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 Binance live order book, 5 min ago0.06 bp5.1 bp −$55.2 bp −$5210.1 bp −$1,01127.7 bp −$13.8K
Sell HTX live order book, 50 min ago2.45 bp13.4 bp −$1326.7 bp −$267doesn'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−0.0119%8h774.22−0.001%$417K$468K50xas long as short
ApeX Omni SPYUSDT−0.0032%1h772.98−0.161%$162K$24K50xas long as short
Binance SPYUSDTlong0.0000%8h774.23long leg$28.2M$79.8M50x
Bybit SPYUSDT0.0000%8h774.26+0.004%$6.3M$2.0M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.21−0.003%$7.9M$3.2M50xas long as short
Gate SPY_USDT0.0000%8h773.72−0.066%$775K$2.4M75xas long as short
MEXC SPY_USDT0.0000%8h774.24+0.001%$26.8M$12.2M100xas long as short
Bitget SPYUSDT0.0000%8h774.40+0.022%$10.9M$1.8M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.37+0.018%$163K$374K10xas long as short
Phoenix SPY0.0000%1h773.62−0.079%$161K$295K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDT0.0000%8h775.25+0.132%$2K$1.4M10xas long as short
Deribit SPY_USDC-PERPETUAL0.0000%1h773.84−0.050%$23K$56K20xas long as short
HTX SPY-USDTshort0.0000%8h774.51+0.036%$308K$20K50x
Arcus SPY-USD+0.0040%1h773.59−0.083%$935K$1.4M50xas long as short
Aster SPYUSDT+0.0045%8h774.30+0.009%$865K$196K20xas long as short
Vest SPY-USD-PERP+0.0046%1h773.07−0.150%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.43−0.103%$4.8M$828K20xas long as short
Lighter RH SPY+0.0064%1h774.52+0.037%$56.4M$115.7M50xas long as short
Coinbase International SPY-PERP-INTX+0.0064%1h774.05−0.023%$954K$552K20xas long as short
Nado SPY-PERP+0.0075%1h773.91−0.042%$1.5M$280K20xas long as short
Lighter SPY+0.0080%1h774.27+0.005%$8.2M$19.7M50xas long as short
KuCoin SPYUSDTM+0.0100%8h773.91−0.041%$2.5M$973K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.26+0.004%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.64−0.076%$87K10xas long as short
RISEx SPY/USDC+0.0173%1h774.34+0.015%$7.0M$5.0M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.24+0.001%$10K26xas long as short
edgeX SPYUSDC+0.0333%4h774.09−0.018%$640K$241K20xas long as short