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 0.000%
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
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)+0.031%+$3 · spread now +0.063%, 7d avg +0.054%
Together, before fees+0.031%+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SPYUSDT773.670get 0.0000% / 8h3m 51s$6.2M$1.6M100x
ShortHTX SPY-USDT774.160get 0.0000% / 8h3m 51s$300K$38K50x

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 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: +0.063% → +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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.26 bp7.1 bp −$711.1 bp −$11157.3 bp −$5,725doesn't fit
Sell HTX live order book, 33 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
Phoenix SPY−0.0155%1h773.18−0.063%$158K$254K20xas long as short
BloFin SPY-USDT−0.0120%8h773.81+0.018%$418K$444K50xas long as short
Aster SPYUSDT0.0000%8h773.78+0.014%$863K$193K20xas long as short
Binance SPYUSDT0.0000%8h773.73+0.008%$28.6M$75.6M50xas long as short
Bybit SPYUSDTlong0.0000%8h773.67long leg$6.2M$1.6M100x
OKX SPY-USDT-SWAP0.0000%8h773.68+0.001%$7.9M$3.1M50xas long as short
Gate SPY_USDT0.0000%8h773.24−0.056%$770K$2.5M75xas long as short
MEXC SPY_USDT0.0000%8h773.73+0.008%$29.7M$11.8M100xas long as short
Bitget SPYUSDT0.0000%8h773.93+0.034%$10.9M$1.6M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h773.99+0.041%$160K$350K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDT0.0000%8h774.83+0.150%$2K$1.3M10xas long as short
Deribit SPY_USDC-PERPETUAL0.0000%1h773.45−0.028%$23K$54K20xas long as short
HTX SPY-USDTshort0.0000%8h774.16+0.063%$300K$38K50x
RISEx SPY/USDC+0.0014%1h773.96+0.038%$7.1M$4.0M25xas long as short
ApeX Omni SPYUSDT+0.0016%1h773.33−0.044%$164K$25K50xas long as short
Coinbase International SPY-PERP-INTX+0.0024%1h773.80+0.017%$951K$509K20xas long as short
Lighter RH SPY+0.0032%1h773.92+0.032%$56.5M$121.4M50xas long as short
Arcus SPY-USD+0.0040%1h773.22−0.058%$923K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h772.59−0.140%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.03−0.083%$4.8M$865K20xas long as short
Nado SPY-PERP+0.0054%1h773.32−0.045%$1.5M$247K20xas long as short
KuCoin SPYUSDTM+0.0100%8h773.16−0.066%$2.5M$998K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h773.78+0.014%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.21−0.059%$87K10xas long as short
Lighter SPY+0.0120%1h773.79+0.016%$7.9M$18.0M50xas long as short
edgeX SPYUSDC+0.0147%4h773.74+0.009%$639K$242K20xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h773.74+0.008%$10K26xas long as short