Spread before costs (cost unknown: a leg has no order-book sample)+0.065%
7d average—if it closes, per $10,000$6funding while held, a day−$1.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SPY-USD-PERP | 770.22 | 0.0046 | pay 0.0006% / 1h | 21m 02s | — | $61K | 50x |
| Short | HTX SPY-USDT | 770.72 | 0 | get 0.0000% / 8h | 21m 02s | $307K | $23K | 50x |
Vest SPY-USD-PERP
HTX SPY-USDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $6.49
- Funding while held
- −$1.37
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$8.88
- Spread needed to break even
- 0.140%
Slippage unknown: Vest: no order-book sample; HTX: live order book, 28 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0046%
- Per $10,000 a day
- −$1.37
- Average in range /8h
- —
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 Vest no order-book sample | — | — | — | — | — |
| Sell HTX live order book, 28 min ago | 2.47 bp | 13.3 bp −$13 | 26.7 bp −$267 | doesn't fit | doesn't fit |
Vest: 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 price on every exchange
against the cheapest. Click to use as the short leg.Phoenix769.74cheapestOndo Perps769.84+0.013%KuCoin770.09+0.045%ApeX Omni770.14+0.052%
Phoenix
Ondo Perps
KuCoin
ApeX OmniVest770.22+0.062%
Nado770.24+0.064%Coinbase International770.28+0.070%Arcus770.36+0.081%Gate770.39+0.084%Aevo770.40+0.086%edgeX770.50+0.099%Bybit770.66+0.120%Deribit770.66+0.120%Orderly770.70+0.125%Bitget770.71+0.126%
Nado
Coinbase International
Arcus
Gate
Aevo
Bybit
Deribit
Orderly
BitgetHTX770.72+0.127%
Aster770.74+0.130%OKX770.74+0.130%MEXC770.75+0.131%Binance770.77+0.134%GMX770.78+0.136%BloFin770.79+0.136%Lighter770.91+0.152%Lighter RH771.00+0.164%RISEx771.04+0.169%SunX771.93+0.285%
Aster
OKX
MEXC
Binance
GMX
BloFin
Lighter
Lighter RH
RISEx
SunXSPY on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix SPY | −0.062% | −0.0375% | 1h | $157K | $264K | 20x | as long as short |
| Ondo Perps SPY-USD.P | −0.049% | +0.0050% | 1h | $4.8M | $415K | 20x | as long as short |
| KuCoin SPYUSDTM | −0.017% | +0.0100% | 8h | $2.4M | $1.2M | 20x | as long as short |
| ApeX Omni SPYUSDT | −0.010% | +0.0100% | 1h | $154K | $31K | 50x | as long as short |
| Vest SPY-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $61K | 50x | |
| Nado SPY-PERP | +0.002% | +0.0036% | 1h | $1.6M | $368K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.008% | +0.0192% | 1h | $953K | $565K | 20x | as long as short |
| Arcus SPY-USD | +0.018% | +0.0040% | 1h | $1.0M | $1.0M | 50x | as long as short |
| Gate SPY_USDT | +0.022% | 0.0000% | 8h | $809K | $1.4M | 75x | as long as short |
| Aevo SPY-PERP | +0.023% | +0.0104% | 1h | $87K | — | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX SPYUSDC | +0.036% | +0.0927% | 4h | $642K | $234K | 20x | as long as short |
| Bybit SPYUSDT | +0.057% | 0.0000% | 8h | $6.2M | $1.8M | 100x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.057% | +0.0075% | 1h | $18K | $58K | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.062% | +0.0100% | 8h | $1K | — | 20x | as long as short |
| Bitget SPYUSDT | +0.064% | +0.0234% | 8h | $11.1M | $2.8M | 50x | as long as short |
| HTX SPY-USDTshort | +0.065% | 0.0000% | 8h | $307K | $23K | 50x | |
| Aster SPYUSDT | +0.068% | +0.0165% | 8h | $863K | $166K | 20x | as long as short |
| OKX SPY-USDT-SWAP | +0.068% | +0.0099% | 8h | $8.2M | $2.7M | 50x | as long as short |
| MEXC SPY_USDT | +0.069% | +0.0142% | 8h | $23.9M | $10.6M | 100x | as long as short |
| Binance SPYUSDT | +0.071% | +0.0142% | 8h | $32.7M | $61.9M | 50x | as long as short |
| GMX SPY/USD [ETH-USDC] | +0.073% | L +0.0462% / S −0.4251% | 1h | $24K | — | 53x | as long as short |
| BloFin SPY-USDT | +0.074% | +0.0022% | 8h | $442K | $668K | 50x | as long as short |
| Lighter SPY | +0.090% | +0.0032% | 1h | $9.5M | $18.3M | 50x | as long as short |
| Lighter RH SPY | +0.101% | +0.0032% | 1h | $57.1M | $118.7M | 50x | as long as short |
| RISEx SPY/USDC | +0.106% | +0.0258% | 1h | $6.9M | $5.6M | 25x | as long as short |
| SunX SPY-USDT | +0.222% | 0.0000% | 8h | $2K | $1.4M | 10x | as long as short |