Funding you earn now, next payment 06:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.058%
Price spread now: RISEx against HTX+0.069%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 4 days (all we have)+0.112%+$11 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.069%, 7d avg −0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.117% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SPY-USDT | 774.24 | 0 | get 0.0000% / 8h | 2h 09m | $300K | $37K | 50x |
| Short | RISEx SPY/USDC | 774.77 | 0.0007 | get 0.0001% / 1h | 9m 40s | $7.0M | $4.5M | 25x |
HTX SPY-USDT
RISEx SPY/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against HTX. 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
- $1.47
- Price spread: +0.069% → −0.048%
- $11.66
- Slippage, 4 orders
- −$11.71
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$16.57
- Costs to cover
- 0.297%
- Break-even
- 85.8 days
Slippage from HTX: live order book, 37 min ago; RISEx: live order book, 4 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 HTX live order book, 37 min ago | 2.45 bp | 8.5 bp −$8 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 4 min ago | 0.06 bp | 3.1 bp −$3 | 3.4 bp −$34 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.019% | $416K | $473K | 50x | as long as short |
| Phoenix SPY | −0.0103% | 1h | 773.87 | −0.048% | $161K | $295K | 20x | as long as short |
| Nado SPY-PERP | −0.0056% | 1h | 774.38 | +0.018% | $1.6M | $262K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.41 | +0.022% | $864K | $195K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.57 | +0.042% | $28.5M | $79.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.54 | +0.039% | $6.2M | $1.9M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.52 | +0.036% | $8.0M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 774.10 | −0.018% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.57 | +0.043% | $29.7M | $12.5M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.77 | +0.068% | $10.9M | $1.8M | 50x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.36 | +0.016% | $169K | $350K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.73 | +0.192% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.44 | +0.026% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDTlong | 0.0000% | 8h | 774.24 | long leg | $300K | $37K | 50x | |
| ApeX Omni SPYUSDT | +0.0004% | 1h | 773.48 | −0.098% | $164K | $25K | 50x | as long as short |
| RISEx SPY/USDCshort | +0.0007% | 1h | 774.77 | +0.069% | $7.0M | $4.5M | 25x | |
| Ondo Perps SPY-USD.P | +0.0022% | 1h | 773.49 | −0.097% | $4.7M | $832K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.71 | −0.068% | $928K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.57 | −0.087% | — | $123K | 50x | as long as short |
| Lighter RH SPY | +0.0048% | 1h | 774.97 | +0.094% | $56.3M | $119.8M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0048% | 1h | 773.77 | −0.061% | $950K | $558K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.77 | −0.061% | $2.5M | $975K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.45 | +0.027% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 774.00 | −0.031% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0112% | 1h | 774.72 | +0.062% | $8.2M | $19.4M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.58 | +0.043% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0677% | 4h | 774.32 | +0.010% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
ApeX Omni SPYUSDT
Ondo Perps SPY-USD.P
Arcus SPY-USD
Vest SPY-USD-PERP
Lighter RH SPY
Coinbase International SPY-PERP-INTX
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC