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 SunX−0.095%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$258as in the Funding arb table
Net, price: spread back to 7d avg − costs−$257as in the Price arb table
costs, in and out, $10k−$2582.580% 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)−0.011%−$1 · spread now −0.095%, 7d avg −0.110%
Together, before fees−0.011%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SPY-USDT775.250get 0.0000% / 8h4h 10m$2K$1.4M10x
ShortHTX SPY-USDT774.510get 0.0000% / 8h4h 10m$308K$20K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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: −0.095% → −0.110%
$1.48
Slippage, 4 orders
−$238.04
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$256.56
Costs to cover
2.580%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; HTX: live order book, 47 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 SunX live order book, 4 min ago29.08 bp107.4 bp −$107doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 47 min ago2.45 bp13.4 bp −$1326.7 bp −$267doesn'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−0.0118%8h774.23−0.132%$417K$468K50xas long as short
ApeX Omni SPYUSDT−0.0039%1h773.20−0.264%$162K$24K50xas long as short
Bybit SPYUSDT0.0000%8h774.26−0.128%$6.3M$2.0M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.21−0.134%$7.9M$3.2M50xas long as short
Gate SPY_USDT0.0000%8h773.73−0.196%$775K$2.4M75xas long as short
Bitget SPYUSDT0.0000%8h774.40−0.110%$10.9M$1.8M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.36−0.115%$163K$374K10xas long as short
Phoenix SPY0.0000%1h773.62−0.210%$161K$295K20xas long as short
SunX SPY-USDTlong0.0000%8h775.25long leg$2K$1.4M10x
Deribit SPY_USDC-PERPETUAL0.0000%1h773.87−0.178%$23K$56K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SPY-USDTshort0.0000%8h774.51−0.095%$308K$20K50x
MEXC SPY_USDT+0.0001%8h774.23−0.132%$26.5M$12.1M100xas long as short
Binance SPYUSDT+0.0001%8h774.23−0.132%$28.2M$79.9M50xas long as short
Arcus SPY-USD+0.0040%1h773.60−0.213%$935K$1.4M50xas long as short
Vest SPY-USD-PERP+0.0046%1h773.06−0.282%$123K50xas long as short
Aster SPYUSDT+0.0047%8h774.33−0.119%$865K$196K20xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.58−0.215%$4.8M$828K20xas long as short
Lighter RH SPY+0.0064%1h774.56−0.089%$56.5M$115.6M50xas long as short
Coinbase International SPY-PERP-INTX+0.0064%1h774.05−0.155%$954K$552K20xas long as short
Nado SPY-PERP+0.0074%1h773.86−0.180%$1.5M$280K20xas long as short
Lighter SPY+0.0088%1h774.26−0.128%$8.3M$19.7M50xas long as short
KuCoin SPYUSDTM+0.0100%8h773.87−0.178%$2.5M$976K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.26−0.128%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.71−0.199%$87K10xas long as short
RISEx SPY/USDC+0.0173%1h774.35−0.117%$7.0M$5.0M25xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.24−0.131%$10K26xas long as short
edgeX SPYUSDC+0.0684%4h774.17−0.139%$640K$243K20xas long as short