Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Bybit+0.063%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.063%, 7d avg +0.054%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SPYUSDT | 773.67 | 0 | get 0.0000% / 8h | 3m 51s | $6.2M | $1.6M | 100x |
| Short | HTX SPY-USDT | 774.16 | 0 | get 0.0000% / 8h | 3m 51s | $300K | $38K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Bybit. 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
- $0
- Price spread: +0.063% → +0.054%
- $0.98
- Slippage, 4 orders
- −$14.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$36.46
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; HTX: live order book, 33 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 Bybit live order book, 4 min ago | 0.26 bp | 7.1 bp −$7 | 11.1 bp −$111 | 57.3 bp −$5,725 | doesn't fit |
| Sell HTX live order book, 33 min ago | 2.45 bp | 14.6 bp −$15 | 23.2 bp −$232 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0155% | 1h | 773.18 | −0.063% | $158K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 773.81 | +0.018% | $418K | $444K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.78 | +0.014% | $863K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.73 | +0.008% | $28.6M | $75.6M | 50x | as long as short |
| Bybit SPYUSDTlong | 0.0000% | 8h | 773.67 | long leg | $6.2M | $1.6M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.68 | +0.001% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.24 | −0.056% | $770K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.73 | +0.008% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.93 | +0.034% | $10.9M | $1.6M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.99 | +0.041% | $160K | $350K | 10x | as long as short |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 774.83 | +0.150% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.45 | −0.028% | $23K | $54K | 20x | as long as short |
| HTX SPY-USDTshort | 0.0000% | 8h | 774.16 | +0.063% | $300K | $38K | 50x | |
| RISEx SPY/USDC | +0.0014% | 1h | 773.96 | +0.038% | $7.1M | $4.0M | 25x | as long as short |
| ApeX Omni SPYUSDT | +0.0016% | 1h | 773.33 | −0.044% | $164K | $25K | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.80 | +0.017% | $951K | $509K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.92 | +0.032% | $56.5M | $121.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.22 | −0.058% | $923K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.59 | −0.140% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.03 | −0.083% | $4.8M | $865K | 20x | as long as short |
| Nado SPY-PERP | +0.0054% | 1h | 773.32 | −0.045% | $1.5M | $247K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.16 | −0.066% | $2.5M | $998K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.78 | +0.014% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.21 | −0.059% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0120% | 1h | 773.79 | +0.016% | $7.9M | $18.0M | 50x | as long as short |
| edgeX SPYUSDC | +0.0147% | 4h | 773.74 | +0.009% | $639K | $242K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.74 | +0.008% | $10K | — | 26x | as long as short |
Bybit SPYUSDT
HTX SPY-USDT
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
ApeX Omni SPYUSDT
Coinbase International SPY-PERP-INTX
Lighter RH SPY
KuCoin SPYUSDTM
Lighter SPY
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]