Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.012%
Price spread now: Lighter RH against ApeX Omni+0.098%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.098%, 7d avg +0.035%
=Together, before fees−0.078%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.063% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.035%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SPYUSDT | 773.60 | 0.0100 | pay 0.0013% / 1h | 45m 15s | $154K | $16K | 50x |
| Short | Lighter RH SPY | 774.36 | 0.0032 | get 0.0004% / 1h | 45m 15s | $56.4M | $120.2M | 50x |
ApeX Omni SPYUSDT
Lighter RH SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$14.28
- Price spread: +0.098% → +0.035%
- $6.31
- Slippage, 4 orders
- −$31.6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$49.57
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 36 min ago; Lighter RH: live order book, 4 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, 36 min ago | 2.46 bp | 20.8 bp −$21 | 90.3 bp −$903 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 0.06 bp | 0.1 bp $0 | 0.5 bp −$5 | 11.5 bp −$1,149 | 297.8 bp −$148.9K |
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 | 774.07 | +0.061% | $414K | $704K | 50x | as long as short |
| Arcus SPY-USD | −0.0112% | 1h | 773.26 | −0.044% | $949K | $1.3M | 50x | as long as short |
| Phoenix SPY | −0.0041% | 1h | 773.44 | −0.021% | $161K | $296K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.99 | +0.050% | $862K | $269K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.10 | +0.065% | $28.2M | $84.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.04 | +0.057% | $6.2M | $2.2M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.14 | +0.070% | $8.0M | $3.4M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.50 | −0.013% | $746K | $2.2M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.07 | +0.061% | $25.4M | $12.1M | 100x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.09 | +0.063% | $157K | $430K | 10x | as long as short |
BloFin SPY-USDT
Arcus SPY-USD
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
GRVT SPY_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.09 | +0.193% | $2K | $1.6M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.13 | +0.069% | $308K | $20K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.93 | +0.043% | $8.6M | $22.3M | 50x | as long as short |
| Lighter RH SPYshort | +0.0032% | 1h | 774.36 | +0.098% | $56.4M | $120.2M | 50x | |
| Bitget SPYUSDT | +0.0037% | 8h | 773.99 | +0.050% | $10.8M | $2.9M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.94 | −0.085% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.32 | −0.036% | $4.8M | $921K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 773.52 | −0.010% | $955K | $648K | 20x | as long as short |
| Nado SPY-PERP | +0.0076% | 1h | 773.71 | +0.014% | $1.5M | $309K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.54 | −0.008% | $2.5M | $982K | 20x | as long as short |
| ApeX Omni SPYUSDTlong | +0.0100% | 1h | 773.60 | long leg | $154K | $16K | 50x | |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.07 | +0.061% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.58 | −0.002% | $87K | — | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0164% | 1h | 773.96 | +0.047% | $23K | $75K | 20x | as long as short |
| RISEx SPY/USDC | +0.0204% | 1h | 774.27 | +0.087% | $6.9M | $5.4M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0208% / S −0.0429% | 1h | 774.10 | +0.064% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0379% | 4h | 773.95 | +0.045% | $639K | $241K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Bitget SPYUSDT
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Nado SPY-PERP
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
Deribit SPY_USDC-PERPETUAL
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC