Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.017%
Price spread now: HTX against ApeX Omni+0.107%76s7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.107%, 7d avg +0.065%
=The price spread pays, funding is against you. HTX is 0.042% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.065%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9.0 days. At the pace of the last 7 days (−0.197% in total) that is about 36 hours. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.33 | 0.0016 | pay 0.0002% / 1h | 4m 08s | $164K | $25K | 50x |
| Short | HTX SPY-USDT | 774.16 | 0 | get 0.0000% / 8h | 4m 08s | $300K | $38K | 50x |
ApeX Omni SPYUSDT
HTX SPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against ApeX Omni. 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
- −$3.31
- Price spread: +0.107% → +0.065%
- $4.24
- Slippage, 4 orders
- −$29.17
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$50.24
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 32 min ago; HTX: live order book, 33 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 ApeX Omni live order book, 32 min ago | 3.36 bp | 8.5 bp −$8 | 58.6 bp −$586 | doesn't fit | doesn't fit |
| Sell HTX live order book, 33 min ago | 2.45 bp | 14.6 bp −$15 | 23.2 bp −$232 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.0155% | 1h | 773.18 | −0.019% | $158K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 773.81 | +0.062% | $418K | $444K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.76 | +0.056% | $863K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.72 | +0.051% | $28.6M | $75.6M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.67 | +0.044% | $6.2M | $1.6M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.68 | +0.045% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.24 | −0.012% | $770K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.72 | +0.050% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.93 | +0.078% | $10.9M | $1.6M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.99 | +0.085% | $160K | $350K | 10x | as long as short |
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 774.83 | +0.194% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.45 | +0.016% | $23K | $54K | 20x | as long as short |
| HTX SPY-USDTshort | 0.0000% | 8h | 774.16 | +0.107% | $300K | $38K | 50x | |
| RISEx SPY/USDC | +0.0014% | 1h | 773.96 | +0.082% | $7.1M | $4.0M | 25x | as long as short |
| ApeX Omni SPYUSDTlong | +0.0016% | 1h | 773.33 | long leg | $164K | $25K | 50x | |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.80 | +0.061% | $951K | $509K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.92 | +0.076% | $56.5M | $121.4M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.22 | −0.014% | $923K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.59 | −0.096% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.03 | −0.039% | $4.8M | $865K | 20x | as long as short |
| Nado SPY-PERP | +0.0054% | 1h | 773.32 | −0.001% | $1.5M | $247K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.17 | −0.021% | $2.5M | $998K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.78 | +0.058% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.21 | −0.016% | $87K | — | 10x | as long as short |
| Lighter SPY | +0.0120% | 1h | 773.79 | +0.059% | $7.9M | $18.0M | 50x | as long as short |
| edgeX SPYUSDC | +0.0147% | 4h | 773.74 | +0.053% | $639K | $242K | 20x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.74 | +0.052% | $10K | — | 26x | as long as short |
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Lighter SPY
edgeX SPYUSDC
GMX SPY/USD [ETH-USDC]