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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.011%
Price spread now: Ondo Perps against HTX−0.200%7-day average −0.173% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.062%−$6 on $10k
Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.200%, 7d avg −0.173%
Together, before fees−0.034%+ Points / potential airdropOndo Perps: Active · farm board−$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.027% cheaper against HTX than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of −0.173%). If the spread goes back, that is −$3 on $10k: about 42 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SPY-USDT774.970get 0.0000% / 8h7h 23m$308K$20K50x
ShortOndo Perps SPY-USD.P773.420.0050get 0.0006% / 1h23m 55s$4.8M$845K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$10.58
Price spread: −0.200% → −0.173%
−$2.68
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$9.09
Costs to cover
0.170%
Break-even
13.0 days
Slippage unknown: HTX: live order book, 48 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 48 min ago2.45 bp8.5 bp −$812.5 bp −$125doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0101%8h774.57−0.052%$413K$571K50xas long as short
Arcus SPY-USD−0.0016%1h773.67−0.168%$937K$1.4M50xas long as short
Bybit SPYUSDT0.0000%8h774.33−0.083%$6.3M$2.0M100xas long as short
Gate SPY_USDT0.0000%8h773.92−0.135%$780K$2.3M75xas long as short
SunX SPY-USDT0.0000%8h775.50+0.068%$2K$1.5M10xas long as short
HTX SPY-USDTlong0.0000%8h774.97long leg$308K$20K50x
OKX SPY-USDT-SWAP+0.0006%8h774.44−0.068%$7.9M$3.3M50xas long as short
Aster SPYUSDT+0.0008%8h774.27−0.091%$863K$204K20xas long as short
MEXC SPY_USDT+0.0019%8h774.28−0.089%$29.9M$11.7M100xas long as short
Binance SPYUSDT+0.0019%8h774.28−0.089%$28.5M$81.3M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SPYUSDT+0.0021%8h774.46−0.066%$11.0M$2.3M50xas long as short
Lighter SPY+0.0032%1h774.07−0.116%$8.2M$21.6M50xas long as short
Lighter RH SPY+0.0032%1h774.44−0.068%$57.3M$114.0M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.13−0.237%$123K50xas long as short
Ondo Perps SPY-USD.Pshort+0.0050%1h773.42−0.200%$4.8M$845K20x
GRVT SPY_USDT_Perp+0.0055%8h774.71−0.034%$168K$398K10xas long as short
Phoenix SPY+0.0062%1h774.10−0.112%$161K$296K20xas long as short
Coinbase International SPY-PERP-INTX+0.0064%1h774.00−0.125%$954K$554K20xas long as short
KuCoin SPYUSDTM+0.0100%8h773.90−0.138%$2.5M$949K20xas long as short
ApeX Omni SPYUSDT+0.0100%1h773.61−0.175%$159K$23K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.39−0.075%$1K20xas long as short
Nado SPY-PERP+0.0103%1h773.90−0.138%$1.5M$283K20xas long as short
Aevo SPY-PERP+0.0104%1h773.87−0.142%$87K10xas long as short
Deribit SPY_USDC-PERPETUAL+0.0176%1h774.10−0.112%$23K$55K20xas long as short
GMX SPY/USD [ETH-USDC]L +0.0208% / S −0.0429%1h774.38−0.077%$10K26xas long as short
RISEx SPY/USDC+0.0320%1h774.57−0.052%$6.9M$5.2M25xas long as short
edgeX SPYUSDC+0.0789%4h774.59−0.049%$640K$240K20xas long as short