Funding you earn now, next payment 07:00 UTC+0.0324%/8h= +35.5% APRnext payment +$0.40 per $10,000 · paid last 24h +0.022%
Price spread now: Lighter against ApeX Omni+0.160%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.160%, 7d avg −0.003%
=Together, before fees−0.224%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter is 0.163% dearer against ApeX Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.22 | −0.0292 | get 0.0036% / 1h | 0m 48s | $164K | $25K | 50x |
| Short | Lighter SPY | 774.46 | 0.0032 | get 0.0004% / 1h | 0m 48s | $8.2M | $18.6M | 50x |
ApeX Omni SPYUSDT
Lighter SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $68.01
- Price spread: +0.160% → −0.003%
- $16.29
- Slippage, 4 orders
- −$11.35
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $62.95
- Costs to cover
- 0.213%
- Break-even
- 0.5 days
Slippage from ApeX Omni: live order book, 40 min ago; Lighter: live order book, 8 min ago.
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 ApeX Omni live order book, 40 min ago | 2.52 bp | 7.7 bp −$8 | 53.4 bp −$534 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.39 bp | 1.1 bp −$1 | 3.5 bp −$35 | 21.5 bp −$2,148 | 40.7 bp −$20.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDTlong | −0.0292% | 1h | 773.22 | long leg | $164K | $25K | 50x | |
| BloFin SPY-USDT | −0.0120% | 8h | 774.09 | +0.113% | $418K | $471K | 50x | as long as short |
| Phoenix SPY | −0.0114% | 1h | 774.06 | +0.109% | $161K | $294K | 20x | as long as short |
| Nado SPY-PERP | −0.0027% | 1h | 774.16 | +0.121% | $1.6M | $251K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.42 | +0.155% | $864K | $198K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.45 | +0.159% | $28.7M | $78.0M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.22 | +0.129% | $6.2M | $1.7M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.37 | +0.149% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.81 | +0.076% | $770K | $2.5M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.43 | +0.156% | $29.7M | $11.9M | 100x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Nado SPY-PERP
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SPYUSDT | 0.0000% | 8h | 774.54 | +0.171% | $10.9M | $1.8M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.42 | +0.155% | $158K | $351K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.54 | +0.300% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 774.16 | +0.122% | $23K | $56K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.66 | +0.186% | $300K | $38K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0002% | 1h | 773.63 | +0.053% | $4.8M | $870K | 20x | as long as short |
| Lighter SPYshort | +0.0032% | 1h | 774.46 | +0.160% | $8.2M | $18.6M | 50x | |
| Lighter RH SPY | +0.0032% | 1h | 774.69 | +0.190% | $56.7M | $120.9M | 50x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0032% | 1h | 773.92 | +0.091% | $950K | $531K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.65 | +0.056% | $927K | $1.4M | 50x | as long as short |
| RISEx SPY/USDC | +0.0043% | 1h | 774.62 | +0.181% | $7.1M | $4.1M | 25x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.43 | +0.027% | — | $123K | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.63 | +0.053% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.37 | +0.149% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.87 | +0.084% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.45 | +0.158% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0541% | 4h | 774.27 | +0.136% | $640K | $243K | 20x | as long as short |
Bitget SPYUSDT
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Ondo Perps SPY-USD.P
Lighter RH SPY
Coinbase International SPY-PERP-INTX
Arcus SPY-USD
RISEx SPY/USDC
Vest SPY-USD-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC