data as of
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Price arb /

SPY

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$19
spread now−0.033%7d average−0.075%fees + slippage, in and out−$23spread needed0.228%
Long on HTXShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SPY-USDT767.370get 0.0000% / 8h2h 29m$306K$23K50x
ShortLighter SPY767.120.0240get 0.0030% / 1h29m 07s$10.8M$13.0M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$3.26
Funding while held
$7.2
Slippage, 4 orders
−$10.83
Fee HTX: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$18.88
Spread needed to break even
0.228%
Slippage from HTX: live order book, 29 min ago; Lighter: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
+0.0240%
Per $10,000 a day
+$7.20
Average in range /8h
—

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, 29 min ago0.33 bp6.3 bp −$610.1 bp −$101doesn't fitdoesn't fit
Sell Lighter live order book, 6 min ago0.52 bp1.2 bp −$13.1 bp −$3116.1 bp −$1,60835.5 bp −$17.7K

SPY price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps766.13cheapestPhoenix766.17+0.005%ApeX Omni766.31+0.023%Coinbase International766.48+0.046%Nado766.55+0.055%Arcus766.57+0.057%Vest766.69+0.073%KuCoin766.81+0.089%Aevo766.87+0.096%edgeX766.94+0.106%Deribit767.03+0.117%Gate767.07+0.123%
Lighter767.12+0.129%
Aster767.20+0.140%BloFin767.32+0.155%Orderly767.33+0.157%RISEx767.34+0.159%Bitget767.35+0.159%
HTX767.37+0.162%
Lighter RH767.38+0.163%MEXC767.38+0.163%GMX767.38+0.164%Bybit767.40+0.166%Binance767.41+0.167%OKX767.44+0.171%SunX768.50+0.309%

SPY on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps SPY-USD.P−0.162%+0.0050%1h$4.7M$247K20xas long as short
Phoenix SPY−0.156%−0.0084%1h$191K$229K20xas long as short
ApeX Omni SPYUSDT−0.138%+0.0100%1h$154K$31K50xas long as short
Coinbase International SPY-PERP-INTX−0.116%+0.0208%1h$959K$549K20xas long as short
Nado SPY-PERP−0.107%+0.0108%1h$1.5M$342K20xas long as short
Arcus SPY-USD−0.104%+0.0083%1h$1.1M$714K50xas long as short
Vest SPY-USD-PERP−0.089%+0.0046%1h—$61K50xas long as short
KuCoin SPYUSDTM−0.073%+0.0100%8h$2.4M$1.2M20xas long as short
Aevo SPY-PERP−0.066%+0.0104%1h$86K—10xas long as short
edgeX SPYUSDC−0.055%−0.0611%4h$639K$217K20xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit SPY_USDC-PERPETUAL−0.044%+0.0207%1h$17K$49K20xas long as short
Gate SPY_USDT−0.039%0.0000%8h$876K$677K75xas long as short
Lighter SPYshort−0.033%+0.0240%1h$10.8M$13.0M50x
Aster SPYUSDT−0.022%+0.0187%8h$858K$143K20xas long as short
BloFin SPY-USDT−0.007%+0.0062%8h$447K$543K50xas long as short
Orderly PERP_SPY_USDC_mythos−0.005%+0.0100%8h$1K—20xas long as short
RISEx SPY/USDC−0.003%+0.0062%1h$6.9M$5.2M25xas long as short
Bitget SPYUSDT−0.003%+0.0241%8h$11.1M$2.3M50xas long as short
HTX SPY-USDTlong0.000%0.0000%8h$306K$23K50x
Lighter RH SPY+0.001%+0.0048%1h$57.3M$106.9M50xas long as short
MEXC SPY_USDT+0.001%+0.0181%8h$19.8M$13.2M100xas long as short
GMX SPY/USD [ETH-USDC]+0.002%L +0.0307% / S −0.0724%1h$5K—26xas long as short
Bybit SPYUSDT+0.004%0.0000%8h$6.3M$1.5M100xas long as short
Binance SPYUSDT+0.005%+0.0182%8h$33.8M$51.1M50xas long as short
OKX SPY-USDT-SWAP+0.009%+0.0127%8h$8.4M$2.2M50xas long as short
SunX SPY-USDT+0.147%0.0000%8h$2K$1.2M10xas long as short