Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.012%
Price spread now: Lighter against Bitget−0.030%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$160.156% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 7 days−0.121%−$12 · spread now −0.030%, 7d avg −0.091%
=Together, before fees−0.039%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.061% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.091%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 774.50 | 0 | get 0.0000% / 8h | 39m 14s | $10.9M | $1.6M | 50x |
| Short | Lighter SPY | 774.27 | 0.0072 | get 0.0009% / 1h | 39m 14s | $8.1M | $17.7M | 50x |
Bitget SPYUSDT
Lighter SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $15.12
- Price spread: −0.030% → −0.091%
- $6.13
- Slippage, 4 orders
- −$3.63
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $5.62
- Costs to cover
- 0.156%
- Break-even
- 4.4 days
Slippage from Bitget: live order book, 4 min ago; Lighter: 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 Bitget live order book, 4 min ago | 0.06 bp | 6.5 bp −$7 | 8.4 bp −$84 | 12.8 bp −$1,282 | 20.6 bp −$10.3K |
| Sell Lighter live order book, 4 min ago | 0.45 bp | 1.1 bp −$1 | 4.0 bp −$40 | 21.6 bp −$2,156 | 39.7 bp −$19.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0186% | 1h | 773.21 | −0.167% | $164K | $25K | 50x | as long as short |
| Phoenix SPY | −0.0155% | 1h | 773.84 | −0.085% | $161K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | −0.052% | $417K | $446K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.26 | −0.031% | $863K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.20 | −0.038% | $28.6M | $76.0M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 774.05 | −0.058% | $6.2M | $1.6M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.28 | −0.028% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.82 | −0.088% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.25 | −0.032% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 774.50 | long leg | $10.9M | $1.6M | 50x |
ApeX Omni SPYUSDT
Phoenix SPY
BloFin SPY-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.38 | −0.016% | $169K | $364K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.39 | +0.115% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUAL | 0.0000% | 1h | 773.88 | −0.080% | $23K | $54K | 20x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.46 | −0.005% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0009% | 1h | 774.01 | −0.063% | $1.6M | $245K | 20x | as long as short |
| RISEx SPY/USDC | +0.0014% | 1h | 774.52 | +0.002% | $7.1M | $4.1M | 25x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.92 | −0.075% | $950K | $530K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.47 | −0.004% | $56.8M | $118.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.67 | −0.107% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.18 | −0.170% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.49 | −0.130% | $4.8M | $866K | 20x | as long as short |
| Lighter SPYshort | +0.0072% | 1h | 774.27 | −0.030% | $8.1M | $17.7M | 50x | |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.67 | −0.107% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.14 | −0.046% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.68 | −0.106% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.25 | −0.032% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0837% | 4h | 774.25 | −0.032% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
Deribit SPY_USDC-PERPETUAL
HTX SPY-USDT
Nado SPY-PERP
RISEx SPY/USDC
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC