SPY

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.040%

Price spread now: Lighter against Aevo+0.053%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.053% dearer against Aevo than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SPY-PERP	773.63	0.0104	pay 0.0013% / 1h	13m 58s	$87K	—	10x
Short	Lighter SPY	774.04	0.0032	get 0.0004% / 1h	13m 58s	$8.6M	$22.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$15.12
Price spread: +0.053% → 0.000%: $5.3
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$25.82
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 5 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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	0.26 bp	0.9 bp −$1	4.3 bp −$43	23.3 bp −$2,330	42.7 bp −$21.3K

Aevo: 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	−0.0120%	8h	774.12	+0.063%	$412K	$726K	50x	as long as short
Arcus SPY-USD	−0.0112%	1h	773.19	−0.057%	$944K	$1.4M	50x	as long as short
Phoenix SPY	−0.0041%	1h	773.56	−0.009%	$161K	$296K	20x	as long as short
Aster SPYUSDT	0.0000%	8h	774.22	+0.077%	$863K	$204K	20x	as long as short
Binance SPYUSDT	0.0000%	8h	774.17	+0.070%	$28.2M	$83.4M	50x	as long as short
Bybit SPYUSDT	0.0000%	8h	774.08	+0.058%	$6.2M	$2.1M	100x	as long as short
OKX SPY-USDT-SWAP	0.0000%	8h	774.27	+0.083%	$7.9M	$3.4M	50x	as long as short
Gate SPY_USDT	0.0000%	8h	773.67	+0.005%	$746K	$2.2M	75x	as long as short
MEXC SPY_USDT	0.0000%	8h	774.16	+0.069%	$26.7M	$12.4M	100x	as long as short
GRVT SPY_USDT_Perp	0.0000%	8h	774.18	+0.071%	$157K	$419K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPY-USDT	0.0000%	8h	775.24	+0.208%	$2K	$1.5M	10x	as long as short
HTX SPY-USDT	0.0000%	8h	774.36	+0.094%	$308K	$20K	50x	as long as short
Bitget SPYUSDT	+0.0018%	8h	774.32	+0.089%	$11.0M	$2.7M	50x	as long as short
Lighter SPYshort	+0.0032%	1h	774.04	+0.053%	$8.6M	$22.4M	50x
Lighter RH SPY	+0.0032%	1h	774.40	+0.100%	$56.8M	$122.0M	50x	as long as short
Nado SPY-PERP	+0.0042%	1h	773.86	+0.030%	$1.5M	$305K	20x	as long as short
Vest SPY-USD-PERP	+0.0046%	1h	773.02	−0.079%	—	$123K	50x	as long as short
Ondo Perps SPY-USD.P	+0.0050%	1h	773.30	−0.043%	$4.8M	$916K	20x	as long as short
Coinbase International SPY-PERP-INTX	+0.0064%	1h	773.56	−0.009%	$955K	$632K	20x	as long as short
KuCoin SPYUSDTM	+0.0100%	8h	773.70	+0.009%	$2.5M	$983K	20x	as long as short
ApeX Omni SPYUSDT	+0.0100%	1h	773.75	+0.016%	$158K	$23K	50x	as long as short
Orderly PERP_SPY_USDC_mythos	+0.0100%	8h	774.17	+0.070%	$1K	—	20x	as long as short
Aevo SPY-PERPlong	+0.0104%	1h	773.63	long leg	$87K	—	10x
Deribit SPY_USDC-PERPETUAL	+0.0189%	1h	774.07	+0.057%	$23K	$67K	20x	as long as short
RISEx SPY/USDC	+0.0204%	1h	774.38	+0.097%	$6.9M	$5.3M	25x	as long as short
GMX SPY/USD [ETH-USDC]	L +0.0208% / S −0.0429%	1h	774.16	+0.069%	$10K	—	26x	as long as short
edgeX SPYUSDC	+0.0269%	4h	774.04	+0.053%	$640K	$241K	20x	as long as short