Funding you earn now, next payment 09:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.035%
Price spread now: Lighter against Gate+0.025%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 7 days−0.151%−$15 · spread now +0.025%, 7d avg −0.059%
=Together, before fees−0.030%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.083% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SPY_USDT | 772.92 | 0 | get 0.0000% / 8h | 7h 45m | $793K | $2.5M | 75x |
| Short | Lighter SPY | 773.11 | 0.0128 | get 0.0016% / 1h | 45m 10s | $7.9M | $17.1M | 50x |
Gate SPY_USDT
Lighter SPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- $26.88
- Price spread: +0.025% → −0.059%
- $8.32
- Slippage, 4 orders
- −$13.16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $7.03
- Costs to cover
- 0.282%
- Break-even
- 5.2 days
Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago | 1.75 bp | 9.5 bp −$10 | 11.8 bp −$118 | 52.3 bp −$5,228 | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.39 bp | 1.0 bp −$1 | 1.8 bp −$18 | 18.1 bp −$1,809 | 36.8 bp −$18.4K |
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 | 773.24 | +0.041% | $418K | $440K | 50x | as long as short |
| Phoenix SPY | −0.0031% | 1h | 772.70 | −0.028% | $158K | $151K | 20x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 773.25 | +0.043% | $864K | $196K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 773.18 | +0.034% | $28.6M | $74.9M | 50x | as long as short |
| Bybit SPYUSDT | 0.0000% | 8h | 773.17 | +0.032% | $6.2M | $1.5M | 100x | as long as short |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 773.13 | +0.027% | $7.9M | $3.1M | 50x | as long as short |
| Gate SPY_USDTlong | 0.0000% | 8h | 772.92 | long leg | $793K | $2.5M | 75x | |
| MEXC SPY_USDT | 0.0000% | 8h | 773.17 | +0.032% | $29.6M | $11.6M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 773.31 | +0.050% | $10.9M | $1.5M | 50x | as long as short |
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 773.51 | +0.077% | $160K | $350K | 10x | as long as short |
BloFin SPY-USDT
Phoenix SPY
Aster SPYUSDT
Binance SPYUSDT
Bybit SPYUSDT
OKX SPY-USDT-SWAP
MEXC SPY_USDT
Bitget SPYUSDT
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 | 774.32 | +0.181% | $2K | $1.3M | 10x | as long as short |
| HTX SPY-USDT | 0.0000% | 8h | 773.50 | +0.075% | $300K | $38K | 50x | as long as short |
| edgeX SPYUSDC | +0.0001% | 4h | 773.14 | +0.029% | $639K | $243K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 773.22 | +0.039% | $56.7M | $117.4M | 50x | as long as short |
| Nado SPY-PERP | +0.0037% | 1h | 772.64 | −0.036% | $1.5M | $250K | 20x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 772.48 | −0.057% | $920K | $1.3M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 771.95 | −0.125% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 772.39 | −0.069% | $4.8M | $848K | 20x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0056% | 1h | 773.80 | +0.114% | $951K | $508K | 20x | as long as short |
| Deribit SPY_USDC-PERPETUAL | +0.0074% | 1h | 772.83 | −0.012% | $23K | $54K | 20x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 772.61 | −0.040% | $2.5M | $1.0M | 20x | as long as short |
| ApeX Omni SPYUSDT | +0.0100% | 1h | 772.78 | −0.018% | $164K | $25K | 50x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 773.09 | +0.022% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 772.56 | −0.046% | $87K | — | 10x | as long as short |
| Lighter SPYshort | +0.0128% | 1h | 773.11 | +0.025% | $7.9M | $17.1M | 50x | |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 773.17 | +0.033% | $10K | — | 26x | as long as short |
| RISEx SPY/USDC | +0.0211% | 1h | 773.43 | +0.066% | $7.1M | $3.8M | 25x | as long as short |
SunX SPY-USDT
HTX SPY-USDT
edgeX SPYUSDC
Lighter RH SPY
Nado SPY-PERP
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Coinbase International SPY-PERP-INTX
Deribit SPY_USDC-PERPETUAL
KuCoin SPYUSDTM
ApeX Omni SPYUSDT
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
RISEx SPY/USDC