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

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%
Price spread now: HTX against Bitget+0.016%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$370.370% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.037%−$4 on $10k
Price spread, last 4 days (all we have)+0.135%+$14 · spread now +0.016%, 7d avg +0.021%
Together, before fees+0.098%+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SPYUSDT772.760get 0.0000% / 8h7h 36m$10.9M$1.5M50x
ShortHTX SPY-USDT772.880get 0.0000% / 8h7h 36m$299K$38K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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: +0.016% → +0.021%
−$0.5
Slippage, 4 orders
−$13.02
Fee Bitget: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$37.53
Costs to cover
0.370%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; HTX: live order book, 60 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 Bitget live order book, 2 min ago0.06 bp6.8 bp −$79.3 bp −$9314.4 bp −$1,44422.0 bp −$11.0K
Sell HTX live order book, 60 min ago2.45 bp14.6 bp −$1523.2 bp −$232doesn'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%8h772.71−0.006%$416K$439K50xas long as short
Phoenix SPY−0.0031%1h772.18−0.075%$158K$151K20xas long as short
Aster SPYUSDT0.0000%8h772.32−0.056%$864K$196K20xas long as short
Binance SPYUSDT0.0000%8h772.44−0.041%$28.6M$75.3M50xas long as short
Bybit SPYUSDT0.0000%8h772.50−0.034%$6.2M$1.5M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h772.58−0.023%$7.9M$3.1M50xas long as short
Gate SPY_USDT0.0000%8h772.17−0.076%$793K$2.5M75xas long as short
MEXC SPY_USDT0.0000%8h772.50−0.034%$29.6M$11.6M100xas long as short
Bitget SPYUSDTlong0.0000%8h772.76long leg$10.9M$1.5M50x
GRVT SPY_USDT_Perp0.0000%8h773.08+0.041%$160K$340K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDT0.0000%8h773.76+0.129%$2K$1.3M10xas long as short
HTX SPY-USDTshort0.0000%8h772.88+0.016%$299K$38K50x
Lighter RH SPY+0.0032%1h772.67−0.012%$56.6M$118.3M50xas long as short
Arcus SPY-USD+0.0040%1h772.03−0.094%$920K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h771.51−0.162%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h772.00−0.098%$4.8M$849K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h773.80+0.135%$951K$508K20xas long as short
Nado SPY-PERP+0.0077%1h772.22−0.070%$1.5M$250K20xas long as short
KuCoin SPYUSDTM+0.0100%8h772.14−0.080%$2.5M$1.0M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h772.36−0.052%$164K$25K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h772.42−0.044%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h772.02−0.096%$87K10xas long as short
Lighter SPY+0.0120%1h772.54−0.028%$7.9M$17.1M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h772.63−0.016%$10K26xas long as short
RISEx SPY/USDC+0.0211%1h772.73−0.003%$7.2M$3.5M25xas long as short
Deribit SPY_USDC-PERPETUAL+0.0216%1h772.50−0.034%$23K$55K20xas long as short
edgeX SPYUSDC+0.0424%4h772.65−0.014%$638K$242K20xas long as short