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

SPY

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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: Gate against HTX−0.112%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$460.459% 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)−0.056%−$6 · spread now −0.112%, 7d avg −0.063%
Together, before fees−0.056%−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.050% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SPY-USDT774.810get 0.0000% / 8h5h 29m$308K$20K50x
ShortGate SPY_USDT773.940get 0.0000% / 8h5h 29m$780K$2.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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: −0.112% → −0.063%
−$4.96
Slippage, 4 orders
−$18.92
Fee HTX: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$50.89
Costs to cover
0.459%
Break-even
never at this rate
Slippage from HTX: live order book, 33 min ago; Gate: live order book, 4 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 HTX live order book, 33 min ago2.45 bp8.5 bp −$812.9 bp −$129doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago3.04 bp13.5 bp −$1414.8 bp −$148doesn'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−0.0109%8h774.45−0.046%$418K$468K50xas long as short
ApeX Omni SPYUSDT−0.0079%1h773.19−0.209%$162K$24K50xas long as short
Phoenix SPY−0.0021%1h774.06−0.097%$161K$295K20xas long as short
Bybit SPYUSDT0.0000%8h774.33−0.062%$6.3M$2.0M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h774.41−0.052%$7.9M$3.3M50xas long as short
Gate SPY_USDTshort0.0000%8h773.94−0.112%$780K$2.4M75x
Bitget SPYUSDT0.0000%8h774.57−0.031%$10.9M$1.9M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h774.52−0.037%$162K$375K10xas long as short
SunX SPY-USDT0.0000%8h775.56+0.097%$2K$1.4M10xas long as short
Deribit SPY_USDC-PERPETUAL0.0000%1h773.98−0.107%$23K$55K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SPY-USDTlong0.0000%8h774.81long leg$308K$20K50x
Aster SPYUSDT+0.0005%8h774.44−0.048%$863K$203K20xas long as short
MEXC SPY_USDT+0.0011%8h774.38−0.055%$23.3M$11.9M100xas long as short
Binance SPYUSDT+0.0011%8h774.32−0.063%$28.3M$79.7M50xas long as short
Arcus SPY-USD+0.0040%1h773.53−0.165%$935K$1.3M50xas long as short
Nado SPY-PERP+0.0045%1h774.05−0.098%$1.5M$292K20xas long as short
Vest SPY-USD-PERP+0.0046%1h773.22−0.205%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h773.58−0.159%$4.8M$842K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h774.05−0.098%$954K$552K20xas long as short
Lighter SPY+0.0064%1h774.36−0.058%$8.3M$21.0M50xas long as short
Lighter RH SPY+0.0096%1h774.71−0.013%$56.5M$114.4M50xas long as short
RISEx SPY/USDC+0.0097%1h774.61−0.026%$6.9M$5.0M25xas long as short
KuCoin SPYUSDTM+0.0100%8h773.82−0.128%$2.5M$977K20xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h774.34−0.061%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h773.85−0.124%$87K10xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h774.47−0.045%$10K26xas long as short
edgeX SPYUSDC+0.0382%4h774.33−0.061%$640K$242K20xas long as short