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: Binance against HTX−0.032%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$370.370% 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)−0.001%$0 · spread now −0.032%, 7d avg −0.033%
Together, before fees−0.161%−$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SPY-USDT774.660get 0.0000% / 8h58m 28s$300K$38K50x
ShortBinance SPYUSDT774.410get 0.0000% / 8h58m 28s$28.7M$77.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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: −0.032% → −0.033%
$0.07
Slippage, 4 orders
−$14.98
Fee HTX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$36.91
Costs to cover
0.370%
Break-even
never at this rate
Slippage from HTX: live order book, 44 min ago; Binance: live order book, 14 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 HTX live order book, 44 min ago7.42 bp13.4 bp −$1313.4 bp −$134doesn't fitdoesn't fit
Sell Binance live order book, 14 min ago0.06 bp5.1 bp −$55.2 bp −$5210.0 bp −$1,00226.3 bp −$13.1K

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
ApeX Omni SPYUSDT−0.0291%1h773.48−0.152%$164K$25K50xas long as short
BloFin SPY-USDT−0.0120%8h774.10−0.072%$418K$469K50xas long as short
Phoenix SPY−0.0114%1h774.06−0.077%$161K$254K20xas long as short
Nado SPY-PERP−0.0021%1h774.13−0.069%$1.6M$250K20xas long as short
Aster SPYUSDT0.0000%8h774.42−0.030%$864K$198K20xas long as short
Binance SPYUSDTshort0.0000%8h774.41−0.032%$28.7M$77.9M50x
Bybit SPYUSDT0.0000%8h774.18−0.062%$6.2M$1.7M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.41−0.032%$7.9M$3.3M50xas long as short
Gate SPY_USDT0.0000%8h773.79−0.112%$770K$2.4M75xas long as short
MEXC SPY_USDT0.0000%8h774.42−0.031%$29.7M$11.8M100xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPYUSDT0.0000%8h774.52−0.018%$10.9M$1.7M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.43−0.030%$158K$351K10xas long as short
SunX SPY-USDT0.0000%8h775.52+0.111%$2K$1.3M10xas long as short
Deribit SPY_USDC-PERPETUAL0.0000%1h774.16−0.065%$23K$56K20xas long as short
HTX SPY-USDTlong0.0000%8h774.66long leg$300K$38K50x
RISEx SPY/USDC+0.0014%1h774.61−0.006%$7.1M$4.1M25xas long as short
Coinbase International SPY-PERP-INTX+0.0024%1h773.92−0.096%$950K$531K20xas long as short
Lighter SPY+0.0032%1h774.43−0.030%$8.2M$17.5M50xas long as short
Lighter RH SPY+0.0032%1h774.660.000%$56.6M$117.0M50xas long as short
Arcus SPY-USD+0.0040%1h773.70−0.124%$927K$1.4M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.34−0.170%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.37−0.167%$4.8M$871K20xas long as short
edgeX SPYUSDC+0.0060%4h774.31−0.045%$640K$243K20xas long as short
KuCoin SPYUSDTM+0.0100%8h773.64−0.132%$2.5M$1.0M20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.33−0.043%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.85−0.105%$87K10xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.42−0.030%$10K26xas long as short