SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: HTX against Orderly+0.063%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.063% dearer against Orderly than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SPY_USDC_mythos	774.17	0.0100	pay 0.0100% / 8h	4h 11m	$1K	—	20x
Short	HTX SPY-USDT	774.66	0	get 0.0000% / 8h	4h 11m	$308K	$20K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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

Position, each leg$Hold fordaysFee OrderlybpFee HTXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$21
Price spread: +0.063% → 0.000%: $6.33
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.67
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 45 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell HTX live order book, 45 min ago	2.45 bp	13.4 bp −$13	26.7 bp −$267	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin SPY-USDT	−0.0118%	8h	774.25	+0.010%	$417K	$468K	50x	as long as short
ApeX Omni SPYUSDT	−0.0039%	1h	773.20	−0.125%	$162K	$24K	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.26	+0.012%	$6.3M	$2.0M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.21	+0.005%	$7.9M	$3.2M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.71	−0.059%	$775K	$2.4M	75x	as long as short
Bitget SPYUSDT	0.0000%	8h	774.40	+0.030%	$10.9M	$1.8M	50x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.36	+0.024%	$163K	$374K	10x	as long as short
Phoenix SPY	0.0000%	1h	773.62	−0.071%	$161K	$295K	20x	as long as short
SunX SPY-USDT	0.0000%	8h	775.25	+0.140%	$2K	$1.4M	10x	as long as short
Deribit SPY_USDC-PERPETUAL	0.0000%	1h	773.81	−0.047%	$23K	$56K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SPY-USDTshort	0.0000%	8h	774.66	+0.063%	$308K	$20K	50x
MEXC SPY_USDT	+0.0001%	8h	774.21	+0.005%	$26.5M	$12.1M	100x	as long as short
Binance SPYUSDT	+0.0002%	8h	774.22	+0.006%	$28.2M	$79.9M	50x	as long as short
Arcus SPY-USD	+0.0040%	1h	773.60	−0.074%	$935K	$1.4M	50x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.02	−0.149%	—	$123K	50x	as long as short
Aster SPYUSDT	+0.0048%	8h	774.27	+0.013%	$865K	$196K	20x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.58	−0.076%	$4.8M	$829K	20x	as long as short
Lighter RH SPY	+0.0064%	1h	774.53	+0.047%	$56.5M	$115.5M	50x	as long as short
Coinbase International SPY-PERP-INTX	+0.0064%	1h	774.05	−0.016%	$954K	$552K	20x	as long as short
Nado SPY-PERP	+0.0073%	1h	773.86	−0.040%	$1.5M	$280K	20x	as long as short
Lighter SPY	+0.0088%	1h	774.23	+0.008%	$8.3M	$19.7M	50x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.83	−0.044%	$2.5M	$977K	20x	as long as short
Orderly PERP_SPY_USDC_mythoslong	+0.0100%	8h	774.17	long leg	$1K	—	20x
Aevo SPY-PERP	+0.0104%	1h	773.63	−0.070%	$87K	—	10x	as long as short
RISEx SPY/USDC	+0.0173%	1h	774.33	+0.020%	$7.0M	$5.0M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0209% / S −0.0429%	1h	774.24	+0.008%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0684%	4h	774.17	+0.001%	$640K	$243K	20x	as long as short