Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.008%
Price spread now: Arcus against HTX−0.147%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 4 days (all we have)+0.080%+$8 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.147%, 7d avg −0.116%
=Funding pays, the price is against you. Arcus is 0.031% cheaper against HTX than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.116%). If the spread goes back, that is −$3 on $10k: about 2.6 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SPY-USDT | 774.68 | 0 | get 0.0000% / 8h | 1h 16m | $300K | $38K | 50x |
| Short | Arcus SPY-USD | 773.54 | 0.0040 | get 0.0005% / 1h | 16m 40s | $927K | $1.4M | 50x |
HTX SPY-USDT
Arcus SPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- $8.46
- Price spread: −0.147% → −0.116%
- −$3.14
- Slippage, 4 orders
- −$20.77
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$31.95
- Costs to cover
- 0.373%
- Break-even
- 33.4 days
Slippage from HTX: live order book, 25 min ago; Arcus: live order book, 2 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, 25 min ago | 7.42 bp | 13.4 bp −$13 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 2 min ago | 0.32 bp | 6.1 bp −$6 | 10.5 bp −$105 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0240% | 1h | 773.48 | −0.155% | $164K | $25K | 50x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | −0.076% | $418K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 774.01 | −0.086% | $161K | $294K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.0028% | 1h | 773.40 | −0.165% | $4.8M | $870K | 20x | as long as short |
| Nado SPY-PERP | −0.0020% | 1h | 774.24 | −0.056% | $1.6M | $253K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.34 | −0.044% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.42 | −0.034% | $28.7M | $78.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.33 | −0.045% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.40 | −0.036% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.92 | −0.098% | $770K | $2.5M | 75x | as long as short |
ApeX Omni SPYUSDT
BloFin SPY-USDT
Phoenix SPY
Ondo Perps SPY-USD.P
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPY_USDT | 0.0000% | 8h | 774.41 | −0.035% | $29.7M | $11.9M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.56 | −0.015% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.43 | −0.032% | $158K | $361K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.53 | +0.110% | $2K | $1.4M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.10 | −0.075% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDTlong | 0.0000% | 8h | 774.68 | long leg | $300K | $38K | 50x | |
| Lighter SPY | +0.0032% | 1h | 774.53 | −0.019% | $8.2M | $18.6M | 50x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.75 | +0.009% | $56.5M | $120.0M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | −0.098% | $950K | $532K | 20x | as long as short |
| Arcus SPY-USDshort | +0.0040% | 1h | 773.54 | −0.147% | $927K | $1.4M | 50x | |
| RISEx SPY/USDC | +0.0043% | 1h | 774.61 | −0.008% | $7.1M | $4.1M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.46 | −0.157% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.54 | −0.147% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.30 | −0.049% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.85 | −0.108% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.42 | −0.033% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0817% | 4h | 774.23 | −0.058% | $640K | $242K | 20x | as long as short |
MEXC SPY_USDT
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
Lighter SPY
Lighter RH SPY
Coinbase International SPY-PERP-INTX
RISEx SPY/USDC
Vest SPY-USD-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC