Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.013%
Price spread now: Lighter RH against Bitget+0.030%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days−0.038%−$4 · spread now +0.030%, 7d avg −0.009%
=Together, before fees+0.041%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.039% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPYUSDT | 773.73 | 0 | get 0.0000% / 8h | 6h 55m | $11.0M | $1.5M | 50x |
| Short | Lighter RH SPY | 773.96 | 0.0032 | get 0.0004% / 1h | 55m 34s | $56.8M | $115.2M | 50x |
Bitget SPYUSDT
Lighter RH SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: +0.030% → −0.009%
- $3.85
- Slippage, 4 orders
- −$2.24
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$3.67
- Costs to cover
- 0.142%
- Break-even
- 10.8 days
Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 0.06 bp | 6.9 bp −$7 | 9.8 bp −$98 | 14.5 bp −$1,450 | 18.8 bp −$9,406 |
| Sell Lighter RH live order book, 4 min ago | 0.26 bp | 0.4 bp $0 | 1.7 bp −$17 | 8.7 bp −$868 | doesn't fit |
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 | 774.10 | +0.048% | $414K | $411K | 50x | as long as short |
| Nado SPY-PERP | −0.0032% | 1h | 773.53 | −0.026% | $1.5M | $251K | 20x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 773.63 | −0.013% | $158K | $150K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.76 | +0.004% | $862K | $199K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.73 | 0.000% | $28.6M | $76.4M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.73 | 0.000% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.77 | +0.005% | $7.8M | $3.1M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.43 | −0.039% | $792K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 773.79 | +0.008% | $19.1M | $12.1M | 100x | as long as short |
| Bitget SPYUSDTlong | 0.0000% | 8h | 773.73 | long leg | $11.0M | $1.5M | 50x |
BloFin SPY-USDT
Nado SPY-PERP
Phoenix SPY
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX SPY-USDT | 0.0000% | 8h | 775.18 | +0.187% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 774.58 | +0.110% | $300K | $38K | 50x | as long as short |
| Lighter SPY | +0.0032% | 1h | 773.72 | −0.001% | $7.9M | $17.1M | 50x | as long as short |
| Lighter RH SPYshort | +0.0032% | 1h | 773.96 | +0.030% | $56.8M | $115.2M | 50x | |
| Arcus SPY-USD | +0.0040% | 1h | 773.04 | −0.089% | $967K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 772.72 | −0.131% | — | $85K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.14 | −0.076% | $4.8M | $850K | 20x | as long as short |
| GRVT SPY_USDT_Perp | +0.0059% | 8h | 774.23 | +0.065% | $160K | $341K | 10x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0064% | 1h | 772.60 | −0.146% | $951K | $505K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0086% | 1h | 773.88 | +0.019% | $23K | $56K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.43 | −0.039% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 773.47 | −0.034% | $164K | $24K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.97 | +0.031% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.44 | −0.038% | $87K | — | 10x | as long as short |
| RISEx SPY/USDC | +0.0114% | 1h | 774.23 | +0.065% | $7.2M | $3.5M | 25x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.04 | +0.041% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0842% | 4h | 773.87 | +0.018% | $639K | $242K | 20x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
Lighter SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
GRVT SPY_USDT_Perp
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
RISEx SPY/USDC
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC