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: HTX against MEXC+0.030%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.212% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.092%−$9 on $10k
Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.030%, 7d avg +0.032%
Together, before fees−0.047%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SPY_USDT774.170get 0.0000% / 8h3h 37m$29.7M$12.5M100x
ShortHTX SPY-USDT774.400get 0.0000% / 8h3h 37m$308K$20K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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: +0.030% → +0.032%
−$0.27
Slippage, 4 orders
−$9.17
Fee MEXC: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$21.44
Costs to cover
0.212%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; HTX: live order book, 15 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 MEXC live order book, 2 min ago0.06 bp0.1 bp $00.1 bp −$10.1 bp −$60.7 bp −$350
Sell HTX live order book, 15 min ago2.45 bp12.6 bp −$1314.4 bp −$144doesn'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
BloFin SPY-USDT−0.0120%8h774.25+0.010%$417K$468K50xas long as short
Phoenix SPY−0.0010%1h773.59−0.075%$161K$295K20xas long as short
Binance SPYUSDT0.0000%8h774.18+0.001%$28.1M$79.2M50xas long as short
Bybit SPYUSDT0.0000%8h774.20+0.004%$6.3M$1.9M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.06−0.014%$7.9M$3.3M50xas long as short
Gate SPY_USDT0.0000%8h773.68−0.063%$775K$2.4M75xas long as short
MEXC SPY_USDTlong0.0000%8h774.17long leg$29.7M$12.5M100x
Bitget SPYUSDT0.0000%8h774.34+0.022%$10.9M$1.8M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.25+0.010%$159K$381K10xas long as short
SunX SPY-USDT0.0000%8h775.25+0.140%$2K$1.4M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SPY-USDTshort0.0000%8h774.40+0.030%$308K$20K50x
Aster SPYUSDT+0.0017%8h774.15−0.002%$864K$194K20xas long as short
ApeX Omni SPYUSDT+0.0026%1h773.48−0.089%$163K$24K50xas long as short
Arcus SPY-USD+0.0040%1h773.42−0.097%$928K$1.4M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.08−0.141%$123K50xas long as short
Nado SPY-PERP+0.0046%1h773.84−0.043%$1.5M$285K20xas long as short
Lighter RH SPY+0.0048%1h774.47+0.039%$56.4M$116.8M50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.03−0.147%$4.8M$842K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h774.05−0.016%$954K$552K20xas long as short
KuCoin SPYUSDTM+0.0100%8h773.47−0.090%$2.5M$973K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.19+0.003%$1K20xas long as short
RISEx SPY/USDC+0.0100%1h774.30+0.017%$7.0M$5.0M25xas long as short
Lighter SPY+0.0104%1h774.25+0.010%$8.2M$19.3M50xas long as short
Aevo SPY-PERP+0.0104%1h773.60−0.074%$87K10xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.17+0.001%$10K26xas long as short
Deribit SPY_USDC-PERPETUAL+0.0228%1h774.07−0.013%$23K$56K20xas long as short
edgeX SPYUSDC+0.0248%4h774.04−0.017%$640K$242K20xas long as short